Real Estate Market in Gurgaon: Southern Peripheral Road emerges as promising destination for realty investments

Real Estate Market in Gurgaon Southern Peripheral Road emerges as promising destination for realty investments

The Southern Peripheral Road (SPR) in Gurgaon has emerged as a promising destination for both residential and commercial investments. The 16-km-long road provides seamless connectivity between Golf Course Road, Golf Course Extension Road, and NH-8. It also enhanced the connectivity to Sohna by interlinking NH-248A. Thus, due to its strategic location and robust connectivity, several developers have geared up to launch their luxury projects in the region.

According to Anarock’s Micro-Market Overview Report, the Southern Peripheral Road plays a significant role in bolstering property prices in the region. With several proposed infrastructure developments including metro and expressway connectivity giving a new impetus to the residential real estate demand, the Southern Peripheral Road is poised to redefine urban living and business landscapes in the region.

Southern Peripheral Road: Presence of developers in the region

The potential of Southern Peripheral Road is further underscored by the presence of renowned developers. Several realty majors including DLF, Whiteland Corporation, Elan Group, and Signature Global stand out for their prestigious projects that exemplify luxury living and contemporary business environments.

DLF

DLF recently launched DLF Privana South in Sector 76, which epitomizes luxury living, offering residents an unparalleled lifestyle experience. With the launch of DLF Privana, property prices in the region have seen a significant uptick, reflecting the growing demand and investor confidence in SPR’s potential for premium living.
Another listed real estate developer, Signature Global is planning to launch new group housing projects which are likely to come up along with Southern Peripheral Road (SPR) in Gurugram. The real estate company has recently completed a 100 percent acquisition of 25.41 acres of land in sector 71 Gurugram. It aims to come up with a mixed-land use project comprising residential as well as commercial segments in the location soon.
Commenting on the development, Pradeep Aggarwal, Founder and Chairman, of Signature Global (India) Ltd. said that the Southern Peripheral Road in Gurgaon stands as a testament to the transformative power of infrastructure development. “Its strategic planning and execution have not only eased commuting but have also catalyzed a remarkable surge in property appreciation especially prominently positioned locations like sector 71. This accessibility has not only enhanced the quality of life for residents but has also ignited a significant uptick in ROI for both homebuyers and investors alike. The ripple effect of this infrastructural marvel is profound, fuelling economic growth and urban expansion. The SPR is not just a road but a gateway to prosperity, where every mile signifies a step forward in realizing the full potential of Gurgaon’s real estate landscape.”
Real estate stalwarts, Whiteland Corporation has established its luxury project, The Aspen, in Sector 76 of SPR. Situated at a prime location, The Aspen offers luxurious high-rise apartments equipped with world-class amenities. “Whiteland has played a pivotal role in shaping the real estate landscape across the SPR. With corporate firms already establishing offices on the SPR and the planned development of Cyber City 2 in the micro-market, the significance of this area cannot be overstated. Additionally, SPR has seen a cascading effect on property price appreciation, witnessing double-digit growth in recent years,” says Pankaj Pal, Managing Director, Whiteland Corporation.
Dr. Renu Singh, Director – Sales & Marketing, Aarize Group, “With renowned developers spearheading upscale projects, SPR becomes synonymous with luxury and prestige, driving property prices and investor confidence. Looking ahead, as infrastructural developments unfold and investments pour in, SPR stands poised to redefine urban living and business landscapes. It represents a compelling narrative of progress, setting new benchmarks for excellence in real estate, not just in Gurugram but across the horizon.”

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