SPR Property Prices Double in 5 Years, Gurugram’s Next Growth Engine Emerges

“Property prices along Southern Peripheral Road (SPR), Gurugram, have surged by 125 per cent in five years, positioning the area as a potential successor to the city’s Cyber City. Rates have risen from Rs 7,690 per sq ft in 2020 to Rs 17,300 by mid-2024, according to PropEquity.

This real estate boom is being driven by robust infrastructure, commercial development, and upcoming projects. The Haryana Government’s Rs 2,000 crore allocation in the 2025–26 Budget aims to further enhance SPR’s connectivity and civic amenities. Complementing this is GMDA’s Rs 8.25 crore upgrade of the Vatika Chowk–NH-48 stretch, which includes a footpath and cycle track project covering sectors 58 to 67.

SPR is now home to major corporate offices, including American Express, Air India’s training center, and 18 commercial developments, such as Skyview Corporate Park and Bestech Business Tower. Employment in the area has crossed 82,000. New launches on SPR grew by 584 per cent between 2020 and 2024, with housing supply increasing from 1,602 to 10,962 units.

Developers like DLF and Signature Global are betting big on the region, with upcoming landmarks such as the DLF Mall of India set to boost retail and business prospects. Signature Global’s Chairman, Pradeep Aggarwal, and Krisumi Corporation’s Chairman, Ashok Kapur, both underline SPR’s strategic location and rising appeal for investors and end-users.

With proximity to key nodes—20 minutes to Sohna Road, 14 minutes to Golf Course Extension, and 16 minutes to New Gurugram—SPR offers strong connectivity. Its social infrastructure includes reputed schools, hospitals, and premium hotels, strengthening its profile as an integrated urban hub.Recommended projects in the region include DLF Privana West, Signature Global Titanium SPR, and Eldeco Fairway Reserve.

Source : Construction World