May 8, 2025 |
Southern Peripheral Road Rises as Gurugram’s Next Cyber City
Southern Peripheral Road (SPR) is fast emerging as one of Gurugram’s most vibrant real estate corridors—buzzing with new developments, commercial growth, and infrastructure upgrades. With its strategic location and increasing connectivity, SPR is being seen as the city’s next Cyber City, attracting homebuyers, investors, and developers in equal measure.
According to PropEquity data, the housing demand along SPR has grown nearly six times over the past five years. From 2020 to March 2025, 10,240 residential units were absorbed in the market—compared to just 1,535 units between 2015 and 2019. This massive growth underscores SPR’s transition from an emerging zone to a well-established urban destination.
Residential launches in the area have also accelerated to meet the growing demand. The number of new units introduced has gone up from 1,819 (2015–2019) to a remarkable 14,740 units between 2020 and March 2025—an eight-fold rise that reflects developer confidence and market enthusiasm.
Devender Aggarwal, Co-founder & Joint Managing Director of Signature Global (India) Ltd., shared his thoughts on the region’s rapid evolution, “Southern Peripheral Road has evolved into a high-potential real estate and commercial destination. Its connectivity, infrastructure upgrades, and proximity to key business hubs have made it one of the most exciting places to live and invest in Gurugram.”
“At Signature Global, we saw this momentum early and strategically launched Titanium SPR in Sector 71. This project is designed for modern homebuyers who value lifestyle, connectivity, and long-term growth. we look forward for more such developments in SG SPR Estate i.e. playing a vital role in shaping SPR into a self-sufficient and integrated urban community,” he added.
This rapid growth story has naturally influenced property prices, which have more than doubled in just four years. PropEquity reports show that rates jumped from Rs 7,693 per sq. ft. in 2020 to Rs 17,123 per sq. ft. by the end of 2024—an impressive 125% increase, making SPR one of the most rewarding real estate micro-markets in NCR.
Ashok Kapur, Chairman, Krishna Group and Krisumi Corporation, said, “Gurugram has emerged as a real estate hotspot, 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 are attracting a lot of interest from investors and homebuyers because of fast infrastructure growth and good future potential.”
Fuelling this transformation is a continued push for better infrastructure. The Gurugram Metropolitan Development Authority (GMDA) has approved an Rs 82.5 million project to upgrade the key stretch between Vatika Chowk and NH-48. The plan also includes a 2-km footpath and cycle track along sectors 58/61 and 59/61, as well as a 56-km green mobility corridor from Sector 58 to 67. These enhancements are not just improving connectivity—they’re also making SPR more pedestrian- and environment-friendly.
Source : Construction World
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