Gurgaon's Southern Peripheral Road: A Booming Real Estate Hub with Rs 100,000 Crore Projects
Gurgaon's Southern Peripheral Road (SPR) has emerged as a real estate hotspot, witnessing property value surge from Rs 7,690 per sq ft in 2020 to Rs 18,000 per sq ft by mid-2024.
GurgaonReal EstateSouthern Peripheral RoadProperty ValuesInfrastructureReal EstateMay 29, 2025
DLF, India's premier developer, has introduced two upscale residential developments that have experienced value appreciation post-launch, with the subsequent phase expected this quarter. “Gurugram is growing fast, with many new infrastructure projects. One of the fastest-growing areas is SPR. When people think about buying a home, location plays the crucial role in the decision-making,” said Aakash Ohri, Joint MD and Chief Business Officer, DLF Homes according to an ET report.
The value increase is primarily due to enhanced infrastructure, including expanded roads and new flyovers, improving connections to Golf Course Road, Sohna Road, and NH-48. “Demand for properties has surged in and around SPR, particularly since the second half of 2021. The region has seen sustained sales momentum, with transaction values rising sharply, underscoring strong and consistent demand,” said Pradeep Aggarwal, founder and chairman, Signature Global. Signature Global, owning a 93-acre plot in the vicinity, has launched over 2.1 million sq ft of development and plans an additional 14.9 million sq ft.
The 16-km SPR corridor, connecting Gurgaon-Faridabad Road to NH-48, has considerably enhanced accessibility and property values. At a projected sales rate of Rs 18,000 per sq ft, Signature Global's forthcoming projects in the area are anticipated to achieve total sales of Rs 27,000 crore. Trump Residences, recently announced, is situated within the SPR zone. “The Gurgaon market continues to attract strong investor interest, and good projects have delivered solid returns in the recent past,” said Pankaj Bansal, co-founder, Smartworld Developers.
A development launched in 2023 in Sector 76 along SPR at Rs 10,500 per sq ft experienced significant appreciation of nearly 64%, with current rates around Rs 17,250 per sq ft. “The real estate market in NCR, particularly Gurugram, is set to reach new highs driven by infrastructure upgrades, rising housing demand, and a vibrant commercial ecosystem. Completion of key projects like the Dwarka Expressway, SPR, and the Rapid Transit System will enhance connectivity and fuel demand from both homebuyers and investors,” said Navdeep Sardana, founder, Whiteland Corporation.
Frequently Asked Questions
What is Southern Peripheral Road (SPR) in Gurgaon?
Southern Peripheral Road (SPR) in Gurgaon is a 16-km corridor connecting Gurgaon-Faridabad Road to NH-48. It has become a significant real estate hub due to its enhanced infrastructure and connectivity.
How have property values changed along SPR since 2020?
Property values along SPR have increased from Rs 7,690 per sq ft in 2020 to Rs 18,000 per sq ft by mid-2024, showing a significant surge in value.
What are some major real estate projects in the SPR area?
DLF, Signature Global, and Trump Residences are among the major developers with significant projects in the SPR area. These projects are expected to drive further growth and value appreciation.
What infrastructure improvements have contributed to the growth of SPR?
Enhanced infrastructure, including expanded roads, new flyovers, and improved connections to Golf Course Road, Sohna Road, and NH-48, has significantly contributed to the growth of SPR.
What is the future outlook for the real estate market in Gurgaon, particularly along SPR?
The real estate market in Gurgaon, especially along SPR, is expected to reach new heights driven by infrastructure upgrades, rising housing demand, and a vibrant commercial ecosystem. Key projects like the Dwarka Expressway and the Rapid Transit System will further enhance connectivity and fuel demand.
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