Gurugram’s Southern Peripheral Road (SPR) has rapidly emerged as a focal point in the region’s real estate market, witnessing a substantial surge in property prices over recent years. According to a report by 99acres.com, property values along SPR have appreciated by approximately 78.3% since 2020, with a 36.1% increase in the first year and an impressive 75.6% rise by the third year.
SPR’s strategic positioning has significantly contributed to its real estate boom. The 16-kilometer, 90-meter-wide road seamlessly connects key areas within Gurugram and extends to South Delhi via MG Road, Faridabad Highway, and the elevated road between Dwarka and Sohna expressways.
This enhanced connectivity facilitates smooth traffic flow and provides easy access to major routes like Golf Course Road, Golf Course Extension Road, and NH-8, making it an attractive location for both residential and commercial developments.
The area has become a hotspot for luxury residential projects. In the first quarter of 2024, SPR witnessed 3,614 new unit launches, with the luxury segment accounting for 61% of these. Proximity to sectors such as 68, 69, 70, and 71 has further fueled its appeal among homebuyers seeking premium living spaces....readmore
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