Major road projects like highways and ring roads help in the overall development of a region, reducing travel time, decongesting areas, improving logistics and creating jobs. More importantly, they boost real estate development activities. The Southern Peripheral Road (SPR) in Gurugram is one such infrastructure project that is shaping the NCR town. The 16-km-long corridor in Gurugram directly connects Golf Course Road in Gurugram with National Highway 8 (NH 8). The route starts from Gurugram-Faridabad Road near Ghata Kanarpur and meets NH 8 near Kherki Dhaula via an intersection at Sohna Road, at Badshahpur Chowk.
What is the Southern Peripheral Road project?
The Southern Peripheral Road project is a 16-km long and 150-metre wide road developed in South Gurugram. Running east to west, the corridor connects Sector 58 at the Gurgaon-Faridabad Road junction and Sector 74A / NH-48 near Kherki Daula.
The six-lane peripheral road consists of key intersections and provides connectivity with the following areas:
- Golf Course Extension Road at Vatika Chowk
- Sohna Road with Badshahpur Chowk
- Dwarka Expressway and NH-48 at Cloverleaf Interchange
Southern Peripheral Road offers enhanced regional connectivity
The Southern Peripheral Road connects arterial roads like Golf Course Extension Road and Sohna Road that seamless accessibility for Gurugram residents and commuters. The connectivity between the Southern Peripheral Road and these corridors is a huge advantage. The Southern Peripheral Road and other major corridors such as Dwarka Expressway, Central Peripheral Road (CPR) and NH‑48 are interconnected via the Cloverleaf interchange.
Cyber City, an established commercial hub in Gurugram, is directly connected to Golf Course Road. Apart from providing smooth access to different parts of Gurugram, especially the prominent commercial hubs, the road connectivity also benefits people commuting to the Indira Gandhi International Airport in Delhi.
For home seekers, including regular office goers, the Southern Peripheral Road is expected to become a convenient residential hotspot. Real estate activities are picking up along the route. Homebuying and renting demand is already on the rise in the area.
Additionally, authorities are working on infrastructure projects that will strengthen the region. These include the Gurguram Metro expansion project that will link Millennium City Centre to Cyber City. The upcoming metro route will pass through areas along the Southern Peripheral Road. Another key project is a 4.2-km elevated corridor to be developed along the SPR, between the NH-8 and Vatika Chowk. The Gurugram Metropolitan Development Authority (GMDA) has proposed the project that will be developed at an estimated cost of Rs 755 crore.
Other infrastructure upgrades along the route include development of an eight-lane road widening of a 6-km stretch between Vatika Chowk and Ghata Chowk and the redesign of Vatika Chowk.
Fast-developing residential localities: Where to buy in SPR?
The Southern Peripheral Road is a huge corridor with high growth potential. Over the recent years, the region has seen a lot of development, both in the commercial and residential segments. It has attracted many development firms that have launched projects along the stretch.
Buyers will find a mix of completed and ongoing projects. Of the sectors falling along the SPR, some prominent residential localities include Sectors 69, 70, 70A, 71, 72 and 73. Residential properties include plots, apartments and independent houses. There are apartments of 1, 2, 3 and 4BHK configurations.
Property prices along SPR see appreciation
Prices of residential properties along the SPR have significantly appreciated in recent years. The average property prices hovered around Rs 5,000 – 7,000 per sqft a decade ago while the current property prices in SPR are Rs 12,000 – 16,000 per sqft. In some of the completed projects, the rates are on the higher side where as some older and resale properties may have slightly lower rates to the tune of Rs 8,000-10,000 per sqft.
Nevertheless, the property rates in Southern Peripheral Road are still lower than those prevailing in neighbouring areas such as Golf Course Road and Sushant Lok, where the average rates are around Rs 23,688 per sq ft and Rs 18,406 per sqft, respectively.
What should buyers look for before investing?
In conclusion, buying a property in the Southern Peripheral Road can be a favourable decision, both for investment and end-use.
As most of the area is still developing, it is crucial for homebuyers to inspect the locality before finalising a property. Prospective buyer should assess the neighbourhood to see if there are social infrastructural facilities available – schools, hospitals, shopping outlets, banks, public transportation, etc. For end-users, choosing a project nearing completion is a better choice.
FAQs
What sectors are included in the Southern Peripheral Road in Gurgaon?
Southern Peripheral Road includes Sectors 68 to 79 in Gurgaon. These are located along the SPR route connecting Golf Course Extension Road to NH-48.
Is Southern Peripheral Road elevated corridor open to public?
The elevated corridor along the Southern Peripheral Road is under-construction and is expected to be completed by 2027.
