The Southern Peripheral Road (SPR) is a key road in New Gurgaon, stretching 16 kilometers. It's like a lifeline connecting several important areas such as Faridabad-Gurgaon Road, Golf Course Extension Road, and Delhi-Gurgaon Expressway. This means easy access to different parts of the city and beyond.
What makes SPR even more appealing is its location. It intersects Sohna Road at Badshahpur, creating a crucial link between NH-8 and Golf Course Extension Road. This strategic positioning opens up opportunities for easy commuting and access to various commercial hubs in Gurgaon.
Apart from its connectivity, SPR stands out due to its well-developed infrastructure. It boasts modern amenities like top-notch schools, hospitals, and recreational centers, making it an ideal place for families to settle down. These facilities enhance the overall quality of life in the area.
Real estate in Gurgaon
The Southern Peripheral Road (SPR) in Gurgaon has become a popular area for people looking to invest in homes and businesses.
This road stretches for about 16 kilometers and connects important areas like Golf Course Road, Golf Course Extension Road, and NH-8. It also makes it easier to travel to Sohna by linking up with NH-248A.
Because of its great location and easy access to different parts of the city, many real estate developers are now starting to build luxury projects in this area. This means there will be more options for people who want to live or work in a nice place with good connections to other areas.
According to a report by Anarock, the Southern Peripheral Road is boosting property prices in the area. This road is getting attention because of planned projects like new metro and expressway connections.
These developments are making more people want to live and work here. So, the Southern Peripheral Road is expected to change how people live and do business in the region.
Connectivity:
The Southern Peripheral Road (SPR) is a great place for homes and businesses. It's close to important places like DLF Corporate Greens and well-known areas in Gurgaon like Cyber City and Udyog Vihar.
SPR is connected to important roads like Dwarka Expressway, Golf Course Extension Road, NH-8, and Gurgaon-Sohna Road. This makes it easy to get to places like Delhi, Faridabad, and other parts of Gurgaon using main junctions like Rajiv Chowk and Hero Honda Chowk.
Even though SPR is the shortest main road in Gurgaon, stretching only 16 kilometers, it covers a lot of ground, going through 11 sectors from 68 to 75A, linking different parts of the city.
For traveling:
- The airport is about 35 kilometers away.
- The railway station is about 14 kilometers away
Sanjeev Singh, who owns SKJ Properties in Gurgaon, says that being close to Sohna Road is a big advantage for SPR. Most of the homes in this area are mid-range, with 2 or 3 bedrooms. Prices typically range from 75 lakhs to 1.15 crores, but there are also cheaper options available.
Because of the good things about SPR, many big developers like Metro, Axiom, Tata, DLF, and M3M have already started building here. With all the facilities like schools and hospitals nearby, SPR is expected to be a good place to invest in, and make a profit in the future.
Affordable prices and high-quality projects
Along the Southern Peripheral Road (SPR), there are eleven sectors, and six of them are mainly for homes. These sectors are 69, 70, 70A, 71, 72, and 73. The prices of homes in these areas are lower compared to places like Sohna Road and Golf Course Extension Road.
On average, properties in SPR are priced between Rs 5,652 to Rs 6,418 per square foot. For renting, a 2-bedroom apartment costs between Rs 10,500 to Rs 12,700 per month, while a 3-bedroom apartment ranges from Rs 19,130 to Rs 23,900 per month.
SPR is becoming a hub for luxurious homes, especially 3 and 4-bedroom apartments. This suggests that in the future, it will be known for premium living.
According to Pankaj Kumar from San Realty in Gurgaon, property prices in SPR have been increasing steadily due to significant development in recent years. He believes that investing in SPR properties will yield good returns, possibly even doubling in value within the next three years. Currently, a small 1-bedroom apartment (about 900 square feet) in this area costs around Rs 30 lakhs.
Plans for the future:
They're planning to make big improvements to the Southern Peripheral Road (SPR) in Gurgaon. They want to extend the Yellow Line of the Metro and widen the road to six lanes. They'll also connect it better to the Gurgaon-Faridabad Road.
Once these projects are done, SPR will connect really well to the Golf Course Extension Road. Overall, these plans are expected to make SPR a great place for living and investing.
With all this development happening quickly and lots of investment opportunities, more people will want to live along SPR in the future. We'll likely see many new housing projects popping up in the area. All these improvements, along with other factors, mean that the demand for housing along SPR will go up a lot.
PropGrow Technology Pvt. Ltd. we are real estate consultants, and see the Southern Peripheral Road (SPR) in Gurgaon as a fantastic place to invest in real estate. We think it's great because it's well-connected to important areas, making it convenient for people to live and work there. We believe that with upcoming improvements like new metro lines and wider roads, property prices will go up, making it a smart choice for investors.
Conclusion
The Southern Peripheral Road (SPR) in Gurgaon emerges as a prime real estate destination, boasting strategic connectivity, modern amenities, and promising infrastructure developments. With increasing property prices and a surge in luxury projects, SPR presents attractive opportunities for both residents and investors, positioning itself as a vibrant hub for urban living and long-term investment growth.
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