18.4% Surge in Gurgaon Residential Property Prices Due to Upcoming GSPR Upgrades
Residential property prices in Gurgaon have surged by 18.4% in the past year, reaching Rs 16,249 per square foot. This significant increase is attributed to the upcoming Gurgaon Greater Southern Peripheral Road (GSPR) and associated infrastructure upgrades, positioning the area as a prime real estate hotspot.
The Gurgaon Southern Peripheral Road (GSPR) is a 16-km arterial corridor in Gurugram that links Golf Course Extension Road to NH-48, crossing key nodes like Sohna Road. This road sits between well-established residential areas and major employment centers such as Cyber City and Udyog Vihar, making it a great location for both end users and investors.
The Haryana government had allocated Rs 2,000 crore in the 2025-26 state budget to upgrade infrastructure along Gurgaon's Southern Peripheral Road (SPR). This road and its surrounding areas have relatively lower congestion levels, and due to the availability of large contiguous land parcels, many builders have started developing large residential communities here.
A report from Square Yards indicates that in the area surrounding the GSPR, there are 3BHK, 4BHK, and 5BHK units, but there's not much compact housing available. The sizes of these units range from 1,948 sq ft to as much as 5,000 sq ft.
As per the Square Yards report, the price trend in these units is as follows: - Entry segment: Rs 13,500-Rs 16,300 per sq ft - Mid segment: Rs 15,000-Rs 21,000 per sq ft - Upper segment: Up to Rs 27,000 per sq ft
Rahul Purohit, Co-Founder & CBO, Square Yards, pointed out in the report: 'Key infrastructure developments, including the elevated corridor between Vatika Chowk and NH-48, proposed metro connectivity, and major road upgrades, are significantly improving accessibility and strengthening SPR's growth potential.'
The report highlighted several factors likely influencing the future prices in this area: - SPR elevated corridor: The SPR elevated corridor from Vatika Chowk to NH-8, which is going to be ready in three years. - Circle rate hike can push SPR area property prices by up to 45%: Due to a hike in the circle rate, the price can rise by up to 45%. - Master stormwater drain: The master stormwater drain between Vatika Chowk and NH-8 is likely to be ready in 2026. - Dust mitigation solution: GMDA plans to add pavement along the southern peripheral road to mitigate dust and build service roads along the SPR.
Pradeep Aggarwal, Founder & Chairman, Signature Global, said in the report that the Southern Peripheral Road has emerged as one of NCR’s most strategic real estate corridors, driven by sustained infrastructure investment, planned urban expansion, and strong market fundamentals.
