Southern Peripheral Road Sees 6-Fold Rise In Housing Demand; Will It Become Gurgaon's Next Cyber City?

News18

01-05-2025

Real Estate: From 2020 to March 2025, the region recorded the absorption of 10,240 units, a steep rise from the 1,535 units sold during 2015 to 2019.
Once a quiet corner of Gurugram, the Southern Peripheral Road (SPR) has quickly turned into one of the hottest real estate zones in Delhi-NCR. Over the past five years, housing demand along SPR has skyrocketed, witnessing a six-fold jump, according to PropEquity data. From 2020 to March 2025, the region recorded the absorption of 10,240 units, a steep rise from the 1,535 units sold during 2015 to 2019.
According to real estate developers, Southern Peripheral Road (SPR) has become one of Gurugram's prime real estate corridors on the back of infrastructure growth, excellent connectivity, and increasing commercial activity.
The number of new launches on SPR has also increased to keep up with the growing demand. Over the past five years, the area has witnessed an impressive eight-fold surge in residential launches, with 14,740 housing units introduced between 2020 and March 2025. This marks a significant rise compared to just 1,819 units launched during the 2015 to 2019 period.
During this period, property prices have surged by 125 per cent, driven by the rapid development of major corporate hubs. On the back of this remarkable growth, SPR is being projected as the next Cyber City, a thriving business and development hotspot that is attracting the interest of investors and professionals alike.
PropEquity research shows that property values on Gurugram's Southern Peripheral Road have more than doubled. Jumping from Rs 7,693 per sqft in 2020 to a whopping Rs 17,123 per sqft by 2024-end, SPR is now a top realty hotspot for and a smart place to invest.
Boosting SPR's position as a top real estate and business hub, the GMDA has approved an Rs 8.25 crore project to upgrade the Vatika Chowk to NH-48 stretch. The plans also include a 2km footpath and cycle track along sectors 58/61 and 59/61, along with a 56km cycling and pedestrian corridor from Sector 58 to 67.
Sharing his views on SPR's growth, Pradeep Aggarwal, founder & chairman of Signature Global (India) Ltd, said, '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 commuting, attracting both homebuyers and investors."
We have strategically positioned our residential project, Titanium SPR, in Sector 71, offering modern amenities and seamless connectivity. The region, with premium developments like SPR Estate, is transforming into a well-integrated urban hub, making it a top destination for homeowners and investors alike."
Southern Peripheral Road (SPR) is rapidly transforming into 'Cyber City 2," supported by developers like DLF and the upcoming DLF Mall of India, which will be the largest mall in India and boost retail and business activity.
Ashok Kapur, chairman of Krishna Group and Krisumi Corporation, said, 'In recent years, Gurugram has emerged as a hotspot for real estate, witnessing a remarkable surge in demand, particularly across key micro-markets such as Southern Peripheral Road, Dwarka Expressway, Central Peripheral Road, and areas around the Sohna Elevated Corridor."
These areas have garnered strong interest from both investors and homebuyers, driven by rapid infrastructure development and promising future growth. As a result, property prices have risen manifold, with some locations experiencing exponential appreciation, he added.
The area already has major corporate hubs, including offices for 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, employing over 82,000 people.In the last five years (2020–2024), new project launches on SPR surged by 584 per cent, rising from six in 2015–2019 to 23 in 2020–2024. Housing supply also grew nearly sixfold, from 1,602 to 10,962 units, according to PropEquity.
Garvit Tiwari, director and co-founder of property consulting firm InfraMantra, said, 'The Southern Peripheral Road (SPR) has emerged as a key micro-market in Gurugram. The exponential rise in supply with close to 11,000 units being launched in the last five years suggests the growing demand owing to increased commercial activity, infrastructure development and connectivity to all parts of NCR."
High-end luxury projects like Tulip Crimson in Sector 70 has been drawing investors and end-users owing to its locational advantage, trusted legacy and good return on investment, he added.
SPR, a 16-km corridor from Gurgaon Faridabad Road to NH-48, enhances accessibility and real estate value. It connects key roads like Golf Course Road and Sohna Road at Badshahpur Chowk, easing traffic and reducing travel with 20 minutes to Sohna Road, 14 minutes to Golf Course Extension, and 16 minutes to New Gurugram.
With 23 ongoing projects scheduled for completion between 2024 and 2029, contributing 11,900 units to the market, SPR is emerging as a prime investment destination. PropEquity recommends DLF Privana West (Sector 76) for long-term growth, Signature Global Titanium SPR (Sector 71) for mid-term returns, and Eldeco Fairway Reserve (Sector 80) for spacious, well-priced homes.
Aakash Ohri, joint MD and chief business officer of DLF Homes, said, 'When people think about buying a home, the first thing they usually look at is the location. Everything else comes after that. And when choosing a location, connectivity, how easy it is to get to other places, is the most important factor. Other things like nearby roads, shops, schools, and hospitals also matter. Right now, Gurugram is growing fast, with many new infrastructure projects. One of the fastest-growing areas is the Southern Peripheral Road (SPR). This area is becoming a popular spot for new and premium real estate projects. It's well-connected, and both businesses and homebuyers are showing a lot of interest."
SPR connects easily to major places in Gurugram and Delhi, and it also gives smooth access to cities like Jaipur, Manesar, Sonipat, Karnal, and Panipat. We have launched two new key projects, DLF Privana West and DLF Privana South, as part of our large 116-acre township called DLF Privana, located in Sectors 76 and 77, along SPR. Both projects were very well received and were sold off before a formal market launch. With DLF Privana, our goal is to create a modern and complete community, just like we did with DLF5, offering a high-quality, sustainable, and future-ready lifestyle, he added.
Navdeep Sardana, founder of Whiteland Corporation, said, 'The real estate market in NCR, particularly in Gurugram is set to reach new highs, supported by infrastructure development, rising housing demand and a flourishing commercial ecosystem. The stable repo rate is also a factor contributing to this growth. Completion of projects like the Dwarka Expressway, SPR and Rapid Transit System will improve connectivity, increasing demand from homebuyers and investors alike. Expansion of IT parks, MNC and co-working spaces will attract a larger workforce, raising demand for premium residential projects."
Fuelled by rising incomes and investments from HNIs and NRIs, Gurugram's luxury housing segment is expected to grow. The increasing demand for sustainable and smart homes will shape the future for real estate development, he added.
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tags :
gurgaon real estate
Location :
New Delhi, India, India
First Published:
May 01, 2025, 14:32 IST
News business » real-estate Southern Peripheral Road Sees 6-Fold Rise In Housing Demand; Will It Become Gurgaon's Next Cyber City?