Southern Peripheral Road in Gurgaon: A Real Estate Boom
Gurgaon's Southern Peripheral Road (SPR) has emerged as a real estate hotspot, with projects worth Rs 50,000 crore launched since 2022 and another Rs 50,000 crore in the pipeline. Property prices have surged due to improved infrastructure and connectivity.
Gurgaon Real EstateSouthern Peripheral RoadReal Estate DemandProperty PricesInfrastructure ProjectsReal EstateMay 26, 2025
India’s largest developer, DLF, has launched two luxury residential projects along SPR, which have seen price appreciation post-launch. The next phase of these projects is expected to be rolled out this quarter. Aakash Ohri, Joint MD and Chief Business Officer of DLF Homes, emphasized the importance of location in the decision-making process for homebuyers. “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 a crucial role in the decision-making,” he said.
The price surge is largely attributed to improved infrastructure, including road widening and the construction of flyovers, which have enhanced connectivity to key areas such as Golf Course Road, Sohna Road, and NH-48. Pradeep Aggarwal, founder and chairman of Signature Global, noted that 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.
Signature Global, which holds a 93-acre land parcel in the area, has already launched over 2.1 million sq ft of development and is planning an additional 14.9 million sq ft. SPR, a 16-km corridor linking Gurgaon-Faridabad Road to NH-48, has significantly boosted both accessibility and real estate value. At an estimated sales rate of Rs 18,000 per sq ft, Signature Global’s planned projects in the region are expected to generate total sales worth Rs 27,000 crore.
The recently announced Trump Residences is also located in the SPR belt. Pankaj Bansal, co-founder of Smartworld Developers, highlighted the strong investor interest in the Gurgaon market. “The Gurgaon market continues to attract strong investor interest, and good projects have delivered solid returns in the recent past,” he said.
A project launched in 2023 in Sector 76 along SPR at Rs 10,500 per sq ft saw a sharp appreciation of nearly 64%, with current prices hovering around Rs 17,250 per sq ft. Navdeep Sardana, founder of Whiteland Corporation, noted that 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,” he said.
The Southern Peripheral Road in Gurgaon continues to attract attention from developers and investors alike, making it a prime location for real estate investment and development.
Frequently Asked Questions
What is the Southern Peripheral Road (SPR) in Gurgaon?
The Southern Peripheral Road (SPR) is a 16-km corridor linking Gurgaon-Faridabad Road to NH-48, which has significantly boosted both accessibility and real estate value in the region.
How much has property value increased along SPR?
Property prices along SPR have increased from Rs 7,690 per sq ft in 2020 to Rs 18,000 per sq ft by mid-2024, a significant surge driven by improved infrastructure and connectivity.
What projects has DLF launched along SPR?
DLF has launched two luxury residential projects along SPR, which have seen price appreciation post-launch. Another phase of these projects is expected to be rolled out soon.
What is the future development plan for SPR by Signature Global?
Signature Global, which holds a 93-acre land parcel in the SPR area, has already launched over 2.1 million sq ft of development and is planning an additional 14.9 million sq ft, expected to generate total sales worth Rs 27,000 crore.
What are the key infrastructure projects that will enhance connectivity in Gurgaon?
Key infrastructure projects like the Dwarka Expressway, SPR, and the Rapid Transit System are expected to enhance connectivity and fuel demand from both homebuyers and investors in Gurgaon.
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