November 25, 2023 |
Southern Peripheral Road: A promising realty destination in Gurugram
Southern Peripheral Road (SPR) stands as one of Gurgaon’s pivotal real estate corridors, spanning from Gurgaon-Faridabad Road near Sector 58 to its connection with NH-48 near Sector 74A, intersecting Sohna Road at Badshahpur Chowk. This evolving corridor in South Gurgaon amalgamates several developed and developing sectors catering to residential, commercial and industrial demand.
Characterized by a mix of completed and ongoing high-rise and builder floor projects, SPR embodies a diverse micro-market pulsating with residential and commercial vibrancy.
Talking about SPR, Mohit Batra, Regional Director, Realistic Realtors, says, “The demand for real estate along Southern Peripheral Road (SPR) in Gurugram is experiencing a notable surge, harmonizing with the crescendo of urban development. This corridor has become a coveted destination, attributed to remarkable advancements in infrastructure, connectivity, and an array of lifestyle amenities, catering to the preferences of astute homebuyers. The rising demand for housing is concurrently driving the need for offices and retail spaces.”
The 16-km stretch has become extremely vital for realty development in the region as it is highly accessible from the city’s other major residential and commercial hubs.
Furthermore, the region is also emerging as the central connecting point or a nerve center to Gurgaon’s other important micro-markets like Sohna Road, Golf Course Road, Cyber City, Udyog Vihar, etc. Such connectivity is beneficial for investors and is acting as a growth magnet for real estate development.
“The SPR connects Golf Course Road to National Highway 48, starting in Sector 58 and ending at Sector 74A, and covers 11 sectors in Gurugram. SPR has experienced rapid infrastructural development, with government and private entities investing in modern infrastructure to facilitate business operations. SPR’s real estate properties offer various options for businesses, including SCO plots, office spaces, retail outlets, industrial parks, and logistics centers. Investing in SCO plots and commercial property at SPR offers immediate benefits and long-term potential, as property values are expected to appreciate due to continued infrastructural development. The flourishing business ecosystem and economic growth in the region make SPR a desirable investment hub,” says Renu Singh, Director-Sales and Marketing, Aarize Group.
Addition to SPR’s infrastructural development, the recently-developed Vatika Chowk underpass is set to revolutionize the new sectors along the Southern Peripheral Road, beyond daily commutes.
The underpass is poised to bring about a significant shift in connectivity and improve the daily lives of countless individuals in the SPR region and its vicinity. Commuters heading towards Faridabad and NH-8 can look forward to smoother, congestion-free journeys, liberating them from the daily traffic gridlocks that once defined their routines.
“The inauguration of the Vatika Chowk has provided the much-needed connectivity for sectors along SPR, particularly Sector 70 and its neighboring areas. This underpass, a crucial element of GMDA’s visionary plan, will transform SPR into a seamless, signal-free mobility corridor via the Sohna Elevated Road,” says Vineet Dawar, Senior VP – Sales & Strategy, Elan Group.
SPR is set to be a game-changer for the newly-developed sectors, with a particular focus on sectors 70 to 76. Residents and businesses in these areas are on the verge of a new era of seamless inter-sector connectivity, which in turn opens a world of opportunities for growth and development.
With key infrastructure developments and prominent players like DLF entering the scene, sectors 76 and 77 are poised to become the next sought-after micro-markets of Gurugram. Whereas in sector 70, Elan Epic stands out as one of India’s pioneering commercial and retail projects boasting seamless connectivity to prominent landmarks. In the ever-evolving landscape of Gurugram, infrastructure development is the driving force propelling sectors 75-77 into a bright new future, where connectivity and real estate opportunities flourish hand in hand.
SPR’s real estate properties offer a variety of options for businesses, including office spaces, retail outlets, industrial parks, and logistics centers. According to industry experts, investing in commercial property at SPR may provide immediate benefits and long-term potential, as property values are expected to appreciate due to continued infrastructural development. The flourishing business ecosystem and economic growth in the region further make SPR a desirable commercial real estate investment hub.
Source : FE
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