From a once-overlooked bypass to a bustling growth corridor, the Southern Peripheral Road is attracting top developers and investors with skyrocketing property values and premium projects.
Gurugram’s Southern Peripheral Road (SPR), once considered a dusty and secondary route, has transformed into one of the city’s most dynamic real estate markets. In just five years, property values along the 16-kilometer stretch have more than doubled, showcasing its immense growth potential. This remarkable appreciation has been fueled by over ₹50,000 crore in new residential launches since 2022 and significant infrastructure upgrades.
The area is quickly becoming a magnet for luxury real estate. Developers like DLF, Emaar, M3M, and Tribeca are aggressively acquiring land and launching high-end projects. The demand for these properties is unprecedented. For instance, DLF’s Privana North project, part of its massive 116-acre “DLF Privana” township, sold 1,164 luxury units worth approximately ₹11,000 crore within a single week. Similarly, the Trump Tower Residences in Sector 69 saw all 298 units sell out on the very first day of booking, valued at ₹3,250 crore.
This surge in demand is reflected in the numbers. Data from PropEquity shows that average apartment prices along the SPR have jumped by 125 percent between 2020 and mid-2024, from ₹7,690 to about ₹17,300 per square foot. Sectors like 69, 71, and 72 have firmly established themselves in the premium and super-luxury brackets, with prices in Sector 72 reaching around ₹19,000 per square foot.
Infrastructure is the backbone of this growth. A government-approved ₹750-crore elevated corridor will provide seamless connectivity to major expressways, while future plans for metro and high-speed rail projects will further enhance the area’s appeal. The presence of corporate giants like American Express and PepsiCo, along with the upcoming 1,000-acre HSIIDC Global City, is solidifying SPR’s position as a major business and residential hub.
However, the rapid development isn’t without its challenges. The area still faces issues with drainage and waterlogging, particularly in sectors 68-75 during the monsoon season. While a new drainage system is under construction, it is not expected to be completed until 2026. Safety hazards like sinkholes and road collapses have also been reported, highlighting the need for more robust infrastructure planning.
Source :- MC
