Gurugram’s Southern Peripheral Road Emerges as Epicentre of Real Estate Growth

Gurugram, June 20, 2025: From a simple connector between Sohna Road and Golf Course Extension Road into one of most sought-after real estate and infrastructure hubs, Gurugram’s Southern Peripheral Road (SPR) has undergone a remarkable transformation. With over INR 1 lakh crore worth of residential and commercial projects either launched or in the pipeline SPR is now a premium urban corridor, attracting developers, investors and homebuyers alike.

In the last two years alone, developers have launched or announced projects worth INR 50,000 crores along SPR—a figure expected to double by 2027, solidifying its position as one of the most dynamic micro-markets. Property prices have also skyrocketed to INR 25,000 per sq ft driven by rising demand, robust infrastructure development, and heightened developer interest.

Infrastructure Push: The Key Growth Catalyst

The government’s focused investment in infrastructure has been a major driver of SPR’s rapid growth. The Gurugram Metropolitan Development Authority recently acquired two critical land parcels—a 5.9-acre plot near Sector 71 and another stretch near Sector 65—paving the way for two crucial missing link roads. These 350-meter and 170-meter road segments were acquired at a combined cost of INR 3.2 crore, will significantly improve connectivity between Sectors 62–65 and 71–73. Tenders for these projects are expected soon.

Further enhancing accessibility, a 5.5-km elevated corridor between Vatika Chowk and NH-8 has been proposed, with an allocation of INR 750 crore (INR 620 crore for construction and Rs. 130 crores for land acquisition).

The six-lane corridor will feature multiple entry-exit ramps and a cloverleaf interchange, ensuring seamless connectivity to the Dwarka Expressway, Delhi–Mumbai Expressway and NH-248A. Designed to mirror the elevated stretches of the Dwarka Expressway, this project will help decongest key junctions and drastically cut travel time.

In another significant move, the National Highways Authority of India is finalising plans to shift the Kherki Daula toll plaza to Panchgaon within the next three months—a long-pending change expected to ease traffic flow towards SPR. These infrastructure upgrades are complemented by over 95 km of master road improvements along with projects in stormwater management, service lanes, STP facilities and mobile sewage treatment.

The real estate industry views SPR as a transformative corridor, blending connectivity, planned development and economic potential.

“Top developers and homeowners are drawn to the Southern Peripheral Road, which has developed into a residential corridor with significant potential. A new wave of contemporary linked urban life is being fuelled by more than INR 1 lakh crore worth of ongoing developments in Gurugram,” says Kushagr Ansal, Director, Ansal Housing.

“As consultants tracking market shifts, we view SPR as the most exciting real estate frontier in Gurugram today. What sets it apart is the balance of price rationality, infrastructure depth, and large land banks,” says Viineet Chellani, Founder and CEO, Asset Deals.

“Investors and homebuyers are no longer waiting for the ‘right time’—they are seeing SPR as the right address. With projects worth INR 1 lakh crore in the pipeline, we view the corridor as showing a maturing real estate market. What’s encouraging is the government’s focused investment in infrastructure, which gives developers the confidence to expand their portfolio in the region. Thus, SPR is carving out a newer, smarter identity for Gurugram.”

Ashwani Kumar, Pyramid Infratech, says, “The SPR corridor has transitioned from being a peripheral bypass to a central pillar. What excites us as developers is the clarity of vision. This corridor isn’t developing in isolation but is an epitome of connectivity, planned residential clusters and supporting infrastructure.”

He adds, “Besides, the buyer sentiment here is serious and discerning. For us, the SPR corridor is the new canvas for quality-led, future-ready real estate, allowing us to build not just homes but complete urban experiences.”

With massive infrastructure upgrades, strategic land acquisitions and high-value real estate projects, SPR is the new nucleus of Gurugram’s growth. As developers, investors, NRIs and homebuyers seek to benefit from this corridor’s potential, SPR has emerged as one of the most coveted realty hubs in NCR.