Southern Peripheral Road: A Valuable Residential and Commercial Center in Gurugram
Gurugram is one of NCR’s fastest growing real estate markets, with projects from all segments. Although the city is more expensive than other nearby cities, it offers world-class projects, raising the bar for buyers and investors. However, it has now become possible for all classes of society to invest in and around Gurugram rather than just the elite class buyers.
In this context, the Southern Peripheral Expressway (SPR) is becoming a valuable residential and commercial space in Gurugram. Directly connecting Golf Course Extension Road to Sohna Road and NH-8, it is a 16 km highway that hosts many residential and commercial projects for buyer investment. It is becoming a real estate hotspot that has projects worth investing in.
SPR is becoming a solid investment area as projects in this particular stretch are much more affordable than other sections of Gurugram. With the availability of Sector 55 and Sector 56 metro stations, SPR is efficiently connected to commercial hubs such as Cyber Hub, Udyog Vihar, Golf Course Road, etc. It is also closely connected to Indira Gandhi International Airport and has a strong road network. The area is home to residential complexes, IT/ITES, co-existing commercial developments and other investment opportunities. With SPR construction still ongoing, the projects located here are under construction and will be delivered soon. Property price variables set by the developer are fungible with the growth of the sub-city.
In addition, real estate prices have shown considerable growth, indicating that the area is conducive to investment and promises remarkable returns. Rental properties are also affordable and offer a better return on investment. All these properties have made SPR the most sought after real estate destination in Gurugram. As part of New Gurugram, it attracts massive attention from end users and investors. Infrastructural developments such as computer parks, shopping malls, apartments, residential companies, etc., have blanketed the region with potential buying options. The luxury real estate segment is not lacking here. Significant land has been dedicated and allocated for the construction of luxury homes, condominiums and villas.
Dwarka Expressway is another crucial factor that beckons crowds to Southern Peripheral Road. Dwarka Expressway, being close to SPR, buyers see this as a great opportunity to purchase properties in and around the expressway and enjoy better connectivity to major towns nearby. Buyers enjoy an “ease of living” at SPR as there are numerous projects from all segments including affordable housing, the luxury segment and second homes. Commercial developments are also available in considerable numbers, allowing proximity to certain amenities. Private equity investments have seen a huge increase in the real estate sector, and most of them are directed towards these new emerging real estate hubs, notably Southern Peripheral Road.
The availability of distinct investment opportunities, conveniences within easy reach, all major and luxury facilities and good connectivity make the Southern Perimeter Highway a suitable investment area for property investors of all classes. . It is much more affordable than various other areas of the city and less crowded.
(By Ashwani Kumar, Pyramid Infratech)