Southern Peripheral Road: An emerging real estate hotspot in Gurugram
Southern Peripheral Road (SPR) stands as one of Gurgaon’s real estate hotspots, spanning from Gurgaon-Faridabad Road which is also near Sector 58 to its connection with NH-48 near Sector 74A, intersecting Sohna Road at Badshahpur Chowk. This has also evolved a corridor in South Gurgaon that 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 that has also pulsated with residential and commercial vibrancy.
When we talk about SPR, Mohit Batra, Regional Director, Realistic Realtors, said, “The demand for real estate along with Southern Peripheral Road (SPR) in Gurugram is experiencing a notable surge, harmonizing with the crescendo of urban development. This corridor has also become a coveted destination, attributing to remarkable advancements in infrastructure, connectivity, and amenities. The rising demand for housing has driven the need for offices and retail spaces.
Moreover, the region has also emerged 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. Some connectivity is also beneficial for investors and is acting as a growth magnet for real estate development.
The SPR connects Golf Course Road to National Highway 48 in Sector 58 and ending in Sector 74A, and covers 11 sectors in Gurugram. The SPR road has also 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,m and logistic 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 business ecosystem and economic growth in the region are going to make SPR a desirable investment hub, says Renu Singh, Director-Sales and Marketing, Aarize Group.
The underpass also brings a significant shift in connectivity and improves the daily lives of countless individuals in the SPR Regions and its closeby areas. The commuters are also heading towards Faridabad and NH-8 is going to look forward to smoother, congestion-free journeys, liberating them from the daily traffic that once defined their routines.
Vineet Dawar, Senior VP – Sales & Strategy, Elan Group commented the inauguration of Vatika Chowk also offers much-needed connectivity for sectors along SPR particularly sector 70 and its neighboring area, this underpass is also a crucial element of GMDA’s visionary plan which is also going to transform into a seamless, signal-free mobility corridor via the Sohna Elevated Road.
SPR is also set to be a game-changer for the newly developed sector with a particular focus on sectors 70 to 76. In fact, the residents and businesses in these areas are on the verge of a new era of seamless connectivity, which also opens a world of opportunities for growth and development.
The key infrastructure development and prominent players like DLF entering the scene sector 76 and 77 has become a sought-after micro-market of Gurugram. Sector 70. Elan Epic stands out as one of India’s India’s pioneering commercial and retail projects also boasting seamless connectivity to some of the prominent landmarks. In the ever-evolving landscape of Gurugram, Infrastructure development is also a driving force propelling sectors 75-77 into a bright future, where connectivity and real estate opportunities flourish hand in hand.
SPR’s real estate properties come with tons of business opportunities, including office spaces. Retail outlets, industrial parks, and logistic centers. So, according to industry experts, investing in commercial properties at SPR might offer immediate benefits and long-term potential.
When it comes to real estate properties, it comes with a variety of options for business, including office spaces, retail outlets, industrial parks, and logistic centers. When it comes to industry experts, investing in commercial properties at SPR might come with immediate benefits and long-term potential. The flushing business ecosystem in the region will also make SPR a desirable commercial real estate investment hub.