Delhi-NCR real estate: Is investing in Southern Peripheral Road, set to become Gurugram's next Cyber City, a smart move?
Southern Peripheral Road (SPR) is emerging as a key investment destination in Gurugram and is poised to become the next Cyber City. The area offers an investment opportunity for young professionals, upper-middle-income families, and long-term investors seeking capital appreciation. The micro-market benefits from a strategic location, coupled with ongoing infrastructure developments that are expected to drive growth in the future.
Santosh Kumar, vice chairman of Anarock Group, points out that the area is undergoing transformative upgrades, such as the expansion of SPR into a six-lane expressway, the construction of multiple underpasses, and improved connectivity to major employment hubs.
Furthermore, the planned extension of the Rapid Metro along SPR will greatly enhance public transportation options. These developments are supported by the rise of retail, healthcare, and educational facilities, contributing to a self-sustaining residential community that offers both urban convenience and a better living environment compared to the more congested areas of Gurugram, he said.
Southern Peripheral Road (SPR) is a 16-kilometre corridor stretching from Gurgaon-Faridabad Road to NH-48. It connects major roads like Golf Course Road and Sohna Road at Badshahpur Chowk, significantly easing traffic and reducing travel time. SPR offers quick access with just 20 minutes to Sohna Road, 14 minutes to Golf Course Extension, and 16 minutes to New Gurugram.
The corridor connects key locations such as Golf Course Road, Sohna Road, and NH-48, making commutes faster and alleviating congestion. SPR spans across sectors 69, 70, 70A, 71, 72, 73, 74, 76, 77, 78, 79, 79B, and 80.
With 23 ongoing projects set to be completed between 2024 and 2029, adding 11,900 units to the market, SPR is fast becoming a prime investment hub.
Samir Jasuja, founder and CEO of PropEquity notes that 'Between 2020 and 2024, housing supply along the corridor reached 14,224 units, with 10,101 units absorbed. Even in the first quarter of 2025, despite market fluctuations, 516 units were launched and 139 were sold.'
In the last five years (2020–2024), new project launches on SPR surged by 584%, rising from six in 2015–2019 to 23 in 2020–2024. Housing supply also grew nearly six-fold, from 1,602 to 10,962 units, according to PropEquity.
According to PropEquity, the weighted average price for new launches on SPR rose from ₹7,693 per sq ft in 2020 to ₹17,123 per sq ft by the end of 2024.
PropEquity research shows that property values on Gurugram's Southern Peripheral Road have more than doubled. Jumping from ₹7,693 per sq. ft. in 2020 to ₹17,123 per sq. ft. by 2024 end.
"Southern Peripheral Road (SPR) has become one of Gurugram's prime real estate corridors, fueled by infrastructure growth, excellent connectivity, and increasing commercial activity. Its strategic location enhances commute, attracting both homebuyers and investors. We have strategically positioned our residential project, Titanium SPR, in Sector 71,' said Pradeep Aggarwal, founder and chairman, Signature Global (India) Ltd.
As per media reports, DLF is also planning to launch a luxury high-rise project with over 1,000 residential units in its DLF 6 integrated township project soon. This launch will follow — Privana South and Privana West earlier.
Several corporates are present in SPR, including offices such as American Express and Air India's training center, along with 18 commercial projects. Key developments like Skyview Corporate Park, Pioneer Square, and Bestech Business Tower house top companies like TCS and PepsiCo. DLF Mall of India, which is set to become the largest retail space in the country, is also expected to come up in the area.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
a day ago
- Time of India
Repo rate cut offers hope for housing recovery, but bank transmission holds the key
Anuj Puri, Chairman of ANAROCK Group, noted, 'Lower repo rates make home loans cheaper, improving affordability for buyers. Affordable housing has seen its sales share fall sharply from 38% in 2019 to just 18% in 2024. A 19% decline in unsold stock, however, signals pent-up end-user demand that could now be unlocked—if banks pass on the benefits swiftly.' The decision is also expected to bring down developers' borrowing costs, offering a boost to project viability and completion. However, Puri cautioned that global trade tensions and input cost inflation may offset some of the positive effects, especially in the luxury and commercial segments. Ashok Kapur, Chairman of Krishna Group and Krisumi Corporation, welcomed the rate cut, saying it would enhance buyer confidence and spur demand across housing categories. 'Combined with earlier rate cuts, today's move means borrowing costs have dropped by 100 basis points since last year. This will encourage more homebuyers to act,' he said. Avneesh Sood, Director, Eros Group, said the move is timely but stressed the importance of efficient rate transmission. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Villa For Sale in Dubai Might Surprise You Villas in Dubai | Search ads Learn More Undo 'Affordable and mid-income housing, hit by a 28% fall in sales, will respond to this rate cut—but only if the benefits reach borrowers. The cut also improves project feasibility by lowering working capital costs, especially in Tier 2 and 3 cities. We risk losing momentum unless this opportunity is capitalized on quickly,' he added. Jaypee Infratech Executive Director Jash Panchamia highlighted that banks already offering home loans below 8% may further reduce rates, making real estate investment more attractive. While the repo rate cut is widely welcomed, its success now hinges on how effectively banks lower lending rates and how developers manage rising input costs amid global uncertainties. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Indian Express
3 days ago
- Indian Express
From Dwarka Expressway to Golf Course Extension, places in Delhi-NCR where home prices have risen the most in 10 years
If you bought a house in Dwarka Expressway a decade ago, chances are its value has almost tripled, and in Greater Noida, its value in the same period has grown by a factor of 3.25, according to a report by ANAROCK Research. 'The reason for the price rise is largely because of the various infrastructure developments, and improved connectivity in these areas, which inevitably boosted homebuyer demand over the years. Moreover, these were the top areas with maximum new supply in the last several years,' Santhosh Kumar, Vice Chairman, ANAROCK Group, told The Indian Express. 'Sales too remained significantly high in the areas over the years as developers sought to launch projects here based on homebuyer demand,' Kumar added. As per data gathered by ANAROCK Research, here are the top five areas where real estate prices have appreciated the most from 2015 to 2025 (till date): Greater Noida West saw the maximum price appreciation of 225 per cent during the period, from Rs 2,750 per square foot in 2015 to Rs 8,950 per sq ft in Quarter 1 (Q1) of 2025. New Gurgaon was the second top locality that saw average property prices rise by 215 per cent during the period. They rose from approximately Rs 3,700 per sq ft in 2015 to nearly Rs 11,670 per sq ft in Q1 2025. Dwarka Expressway in Gurgaon saw average prices rise by 160 per cent during the same period, from Rs 4,730 per sq ft to nearly Rs 12,300 per sq ft as of Q1 2025. Sohna saw an average property price rise of 88 per cent, from Rs 3,600 per sq ft in 2015 to nearly Rs 6,780 per sq ft in Q1 2025. Golf Course Extension saw average prices rise by 108 per cent during the period. They rose from Rs 6,500 per sq ft in 2015 to Rs 13,500 per sq ft in Q1 2025. The above data does not include the prices of plotted developments and government housing.
&w=3840&q=100)
Business Standard
6 days ago
- Business Standard
Tier II realty sales dip in Q1 but Lucknow bucks trend with 48% value jump
While housing sales across India's top 15 tier 2 cities dropped 8% year-on-year in Q1 2025, Lucknow bucked the trend with a 25% surge in residential unit sales, according to a report by real estate data analytics firm PropEquity. The city recorded 1,301 units sold — the highest growth among tier 2 cities — alongside a 48% jump in sales value to Rs 1,797 crore, driven by strong demand for organized housing, improved infrastructure, and growing employment opportunities. According to the report, Lucknow with 25% increase in number of units sold in Q1 2025 at 1301 units registered the highest growth amongst top 15 tier 2 citiesdhinagar (18%), and Mohali (2%). However, the overall tier 2 market saw a contraction, with sales volume falling to 43,781 units from 47,378 in Q1 2024, even as sales value rose 6% to ₹40,443 crore. Ahmedabad retained its top position in terms of total units sold (14,583 units) and sales value (₹13,565 crore). Western India, including Ahmedabad, Surat, and Gandhinagar, contributed 79% of total units sold and 74% of the overall sales value. State capitals — including Lucknow, Jaipur, Gandhinagar, Bhubaneswar, Goa, and Bhopal — accounted for 25% of all sales and 30% of the total sales value, showing a 17% increase in revenue despite a 5% drop in sales volume. As seen in the table below, the six State Capitals in top 15 tier 2 cities, namely Gandhi Nagar, Jaipur, Bhubaneshwar, Lucknow, Goa and Bhopal, saw 5% decline in sales and 17% increase in sales value, accounting for 25% of sales and 30% of sales value in Q1 2025. Region-wise highlights: Western India, comprising Ahmedabad, Surat, Vadodara, Gandhi Nagar, Nashik, Nagpur and Goa, saw 6% decline in number of units sold in Q1, 2025. However, sales value rose by 6% in Q1, 2025. Northern India, comprising Lucknow, Jaipur and Mohali saw 14% decline in number of units sold in Q1, 2025. However, sales value rose by 14% in Q1, 2025. Southern India, comprising Visakhapatnam, Kochi and Coimbatore, saw 12% decline in number of units sold and 1% decline in sales value in Q1, 2025. Central and Eastern India, comprising Bhopal and Bhubaneshwar, saw 18% decline in number of units sold in Q1, 2025. However, sales value remained flat. 'The decline in sales in tier 2 cities in January-March period is in line with trends witnessed in tier 1 cities. However, lesser supply in this quarter resulted in lower sales in tier 2 cities. State Capitals performed relatively better," said Samir Jasuja, Founder and CEO, PropEquity. He added that the dip in transactions is partly due to lower new supply. 'Despite a slowdown in sales volume, demand in tier 2 cities is strong, fueled by infrastructure upgrades, job growth, and falling interest rates. We expect a rebound as banks pass on recent RBI rate cuts.' PropEquity tracks data from over 1.7 lakh real estate projects across 44 cities, providing business intelligence to developers, investors, and policymakers.
