City’s most sought after destination for Real Estate
The Southern Peripheral Road (SPR), has rapidly transformed into one of the city’s most dynamic real estate corridors. Property values along SPR have witnessed a significant appreciation, rising from approximately ₹7,690 per sq ft in 2020 to ₹18,000 per sq ft by mid-2024.
There is an increase in demand, due to infrastructure enhancements and improved connectivity. This has led to significant investments by developers as well as homebuyers.
SPR is Gurugram’s Real Estate Powerhouse
SPR is driven by massive developments and strategic connectivity has reshaped the region’s skyline and potential.
Joint MD and chief business officer of DLF homes Mr Aakash Ohri, stated that “Gururgam is growing fast, with many new infrastructure projects. One of the fastest growing areas in SPR. When people think about buying a home, location plays a crucial role in decision making”.
Also Read: A Boost for Gurugram’s connectivity: GMDA Secures land, Paves way for SPR Connectivity in Gurugram
Why is the Southern Peripheral Road (SPR) booming?
The Southern Peripheral Road (SPR) is witnessing unprecedented growth. First due to its strategic location, it offers smooth connectivity NH-48, Golf course extension road and Sohna road.
Second, Infrastructure upgrades, including expressway connectivity and metro corridors, are transforming the area into a transit hub. SPR’s lifestyle quotient has a luxurious, sustainable and seamless appeal. Thus, making it one of the most in-demand micro markets.
SPR is New home for seasoned investors
The Southern Peripheral Road (SPR) is attracting a wide range of buyers, starting from investors, developers and homebuyers.
The founder and chairman of Signature Global stated that, “Demand for properties has surged in and around SPR, particularly since the second half of 2021. The region has seen sustained sales momentum and transaction values rising sharply, underscoring strong and consistent demand.”
Gurugram’s next big growth zone, awaits
Gurugram’s Southern Peripheral Road (SPR), is not just a corridor but it’s a golden opportunity for the next big growth. The real estate market in Gurugram has set new standards, with a vibrant eco-system.
With over four decades of expertise in Real estate markets let us help you make a rewarding real estate move in Gurugram’s most promising region. Stay Tuned with us for more real estate information, updates, market insights and investment opportunities in promising sectors of Gurugram.
Source: The Times of India
