April 15, 2024 |
Southern Peripheral Road: a Real Estate Hotspot in Gurugram
The thriving city of Gurugram is well known for its world-class infrastructure and modern amenities. Among the infrastructural projects, the Southern Peripheral Road has emerged as a hotbed, bringing a plethora of lucrative real estate opportunities. From Grade A office spaces and retail shops to mixed-use developments, the Southern Peripheral Road offers multiple investment avenues. Thus, the 16 km-long expressway in New Gurugram positions itself as an up-market location, attracting end-users and investors alike.
Furthermore, the infrastructural marvel intersects Sohna Road at Badshahpur and links NH-8 to Golf Course Extension Road. It has further enhanced connectivity with Delhi-Gurgaon Expressway and Faridabad-Gurgaon Road. Thus, this connectivity and strategic location have prompted several renowned real estate developers to launch their projects in the region.
Commenting on the growth prospects of SPR, Ashwani Kumar of Pyramid Infratech said, “Gurugram has been witnessing increased tractions in its realty markets especially in the new emerging corridors. One such promising corridor is the 16-km-long South Peripheral Road (SPR) and it is playing a key role in driving the realty market’s growth in Gurugram. Backed by constant infra upgradation, enhanced connectivity, rise in commercial and business activity, and buyer’s evolving preferences, several developed and developing sectors along this corridor hold immense potential for realty growth.”
Various new launches in the Gurugram market have come up in the SPR corridor. “We at Pyramid Infratech are also focused on evolving sectors of SPR. Here, the demand for luxury properties is on an upward trajectory and we are coming up with one of the finest luxury projects in sec-71, Gurugram. Catering to the discerning homebuyers’ niche preferences, our luxury project is likely to offer an immersive living experience,” he added.
Kushagr Ansal of Ansal Housing said, “SPR has substantially reduced the travel time between Delhi and Gurgaon and made it more accessible for commuters. This feature lets the expressway emerge as a strong real estate center and encourages developers to introduce various projects along the corridor. Thus, this connectivity is expected to bring more affordable housing projects and better connectivity to nearby regions.”
The sectors along the Southern Peripheral Road are emerging as a hotspot for real estate development, thus attracting affluent buyers and discerning investors.
Sehaj Chawla, Managing Director, TREVOC, said, “The residential properties in the nearby region boast of premium amenities, thus redefining the lifestyle of homebuyers. Further, the advent of Southern Peripheral Road has transformed the area along the expressway into a sought-after destination for commercial projects. The availability of all types of development in proximity allows residents to access the facilities quickly.”
According to realty experts, Southern Peripheral Road has become a game-changer for the newly-developed sectors in the city. It is an upcoming retail, commercial, and housing destination with metro connectivity with Sector 55 and 56 metro stations. The expressway is also connected with nearby commercial catchment areas like Udyog Vihar, Cyber Hub, Golf Course Road, etc. Residents and businesses in these areas can benefit from connectivity within the sectors, thus offering a gateway for ample opportunities and growth.
Source : FE
Related Articles
Gurugram Gets Second Trump Tower, Becomes Only City After New York
New Delhi: The Trump Organization’s India representative, Tribeca Developers, in partnership with Gurugram-based Smartworld Developers, has announced the launch of a […]
Smartworld Developers invests ₹1,200 crore to develop Trump Residences in Gurugram
NEW DELHI: Smartworld Developers will invest ₹1,200 crore and has tied up with Tribeca Developers to develop a residential project – Trump Residences […]
Gurugram To Have Two Trump Towers, Becomes First Such City Outside New York
In a major boost to India’s luxury real estate sector, Tribeca Developers and Smartworld Developers have announced the launch of […]