Such significant growth is a testament to the area’s robust real estate dynamics and the strategic importance of SPR in Gurugram’s urban development
In the vibrant landscape of Gurugram’s real estate market, the southern peripheral road (SPR) has emerged as a standout performer, showcasing a strong appreciation in property prices over the past five years. This remarkable rise has not only captivated investors but also brought immense benefits to homebuyers, all of whom have reaped substantial returns on their investments.
According to a detailed report by 99acres.com, property prices along the SPR have seen a phenomenal increase since 2020. According to the data, prices moved up by 36.1 per cent in year one and an impressive 75.6 per cent in year three. This translates into an astounding appreciation of 78.3 per cent in the last five years. Such significant growth is a testament to the area’s robust real estate dynamics and the strategic importance of SPR in Gurugram’s urban development.
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Investors and Homebuyers Reaping Rich Dividends
The sharp rise in property values has had a profound impact on both investors and homebuyers. For investors, the Southern Peripheral Road has become a goldmine. The high Return on Investment (ROI) has been unparalleled, driven by the consistent and steep appreciation in property values. This trend has attracted a plethora of investors, both domestic and international, looking to capitalize on the booming market. The presence of reputed real estate developers has instilled confidence among buyers. Projects by leading developers like DLF, Godrej Properties, Signature Global and Whiteland Corporation have set high standards in terms of construction quality, amenities, and overall living experience. This has further fuelled the demand and consequently, the property prices.
Ravi Aggarwal, co-founder and managing director of Signature Global (India) Limited, said, “As per 99 Acres, Property values along SPR have surged by an impressive 78.3 per cent over the past five years, reflecting the dynamic growth and development in the region. This remarkable appreciation underscores the lucrative potential of owning property in this area, presenting a golden opportunity for homebuyers and investors to make substantial equity gains.”
With significant new developments underway, such as the elevated SPR and the cloverleaf at Vatika Chowk, infrastructure improvements are set to ensure smooth traffic flow from the Sohna elevated road and SPR to the Dwarka Expressway, the Delhi-Mumbai Expressway, and NH48. Additionally, the upcoming jungle safari further enhances the investment appeal of this location. SPR is strategically positioned as the heart of Gurugram, with an upcoming metro station planned in Sector 72A and various multinational brands establishing office spaces and retail centers in the area, indicating its potential, he added.
“The proposed metro line running along SPR from Sector 55/56 to Vatika Chowk, featuring five new metro stations at Sector 56, Sushant Lok, Sushant Lok Phase-3, Rosewood City, and Vatika Chowk, also contributes to making this an ideal investment destination,” Aggarwal said.
He said property prices are expected to continue surging around SPR, with sectors in close proximity such as 71, 72, 75, and 76 attracting the highest appeal among homebuyers and investors. More than just a transportation link, SPR is the backbone of Gurugram’s urban expansion. The corridor’s development showcases strategic urban planning, meeting the city’s growing demand for integrated living and working spaces. The ongoing projects and infrastructural enhancements are poised to make SPR a central hub for Gurugram’s economic growth.
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SPR Connectivity Driving Growth and Development
Several factors have contributed to the meteoric rise in property prices along SPR. One of the primary drivers is the strategic location of the road. SPR connects major commercial and residential hubs, providing seamless connectivity to key areas such as Sohna Road, Golf Course Extension Road, and NH-48. This makes it an attractive location for both residential and commercial developments.
Infrastructure development has also played a crucial role. The Haryana government’s focus on improving road infrastructure, enhancing public transport, and developing social amenities has significantly boosted the area’s appeal. The introduction of new commercial projects, shopping complexes, schools, and hospitals has made SPR a self-sustaining ecosystem, attracting a steady influx of homebuyers and investors.
Pankaj Pal, managing director of Whiteland Corporation, said, “The appreciation of properties along the Southern Peripheral Road has been transformative. Homebuyers are delighted with substantial equity gains, while investors have seen exceptional returns, evidenced by a 78.3 per cent increase in property values over five years.”
This growth highlights SPR’s potential as a premier real estate destination, particularly for luxury homes, attracting affluent buyers seeking high-end living spaces and enhancing the area’s premium status, he added.
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The Investment Horizon
Looking ahead, the future of real estate investment along the Southern Peripheral Road appears exceedingly bright. Experts believe that the trend of rising property prices is likely to continue, driven by ongoing and planned infrastructure projects, sustained demand, and the overall economic growth of the region.
For new investors, SPR offers a compelling proposition with the promise of substantial returns in the coming years. The rental market along SPR is also thriving. The area’s strategic location and enhanced connectivity have made it a preferred choice for professionals working in Gurgaon and surrounding areas. This has led to higher rental yields, providing an additional stream of income for property owners. As a result, the overall ROI for properties on SPR remains one of the highest in the region.
Renu Singh, director (sales and marketing) of Aarize group, said, “The property market along the Southern Peripheral Road in Gurgaon has demonstrated substantial growth, with property values appreciating by 36.1 per cent over the past year, 75.6 per cent over the last three years. This robust upward trend highlights the increasing desirability and potential for high returns on real estate investments in this region. The area’s strategic location and ongoing infrastructure developments have further enhanced its appeal to investors and buyers.”
“We are committed to capitalising on these trends to offer our clients strategic opportunities in this rapidly expanding locale, leveraging our expertise to identify promising investments and maximize returns on the area’s burgeoning potential,” she added.
Future Prospects
The Southern Peripheral Road in Gurgaon stands as a shining example of how strategic location, robust infrastructure, and reputable developers can create a hotspot for real estate investment. The staggering 78.3 per cent increase in property prices over the last five years has not only delighted homeowners but also provided handsome returns to investors. As SPR continues to evolve and grow, it promises to remain a beacon of opportunity in Gurgaon’s real estate market, offering both security and profitability to those who invest in its promising future.
