Mumbai: Southern Peripheral Road (SPR) has emerged as one of Gurugram’s fastest-growing residential corridors, supported by infrastructure development and improving connectivity, according to industry data and market participants.
The 16-km corridor connects Golf Course Extension Road, Sohna Road and NH-48, providing access to major business districts including Cyber City and Udyog Vihar. The connectivity benefits have contributed to rising interest among homebuyers and investors.
Also Read: Airport, Industry and GCC Expansion Drive Sharp Rise in Property Values Around Jewar
According to Magicbricks data, residential property prices along SPR have appreciated by nearly 160 per cent over the past five years. Separately, a Square Yards report stated that average residential prices in the corridor increased by 18.4 per cent year-on-year to ₹16,249 per sq. ft.
Market observers note that SPR is gradually evolving from a connectivity corridor into a premium residential and urban destination supported by infrastructure-led value creation.
Several infrastructure projects are currently underway across the corridor. These include a ₹755-crore elevated corridor connecting Vatika Chowk and NH-48, which is scheduled for completion by 2027, as well as the widening of a six-kilometre stretch between Vatika Chowk and Ghata Chowk into an eight-lane road. The redesign of Vatika Chowk is also part of the ongoing infrastructure programme.
Additional projects include the development of service roads, pavement upgrades and a master stormwater drain between Vatika Chowk and NH-48. The stormwater drainage project is expected to be completed by June 2026.
Commenting on the transformation of SPR, Mr. Pradeep Kumar Aggarwal, Founder & Chairman, Signature Global (India) Ltd., said, “SPR has firmly established itself as one of Gurugram’s most dynamic growth corridors, supported by strong infrastructure development, improving connectivity and rising demand for premium housing. Reflecting our conviction in the corridor’s long-term potential, Signature Global has a significant development pipeline on SPR across both residential and commercial segments.
Our flagship residential development, ‘Cloverdale SPR’, along with the recently announced ‘Tonino Lamborghini Residences’—which marks the iconic Italian luxury brand’s significant entry into India’s branded residences segment—underscores the growing appetite for aspirational and globally benchmarked living experiences. Complementing this is our upcoming mixed-use commercial development, which will further strengthen SPR’s emergence as a self-sustaining urban destination. Together, these projects represent over 17.8 million sq. ft. of saleable and leasable area, reflecting our commitment to shaping the next phase of growth along this corridor.”
The corridor’s connectivity prospects are expected to improve further with the proposed 36-km metro line connecting Sector 56 and Pachgaon. The project is planned with 28 elevated stations and an estimated investment of ₹8,500 crore.
The proposed metro corridor is expected to improve connectivity between Golf Course Extension Road, Dwarka Expressway and the Manesar industrial belt. In addition, the proposed Greater Southern Peripheral Road (GSPR) is expected to further expand the corridor’s connectivity and development potential.
Mr. Rahul Purohit, Co-Founder & Chief Business Officer, Square Yards, stated, “SPR’s steady price appreciation reflects the emergence of a highly structured and demand-driven residential corridor, where infrastructure creation is directly translating into market confidence and end-user absorption. From a business and market perspective, what distinguishes SPR is the disciplined nature of supply, the dominance of organised developments, and the growing preference among affluent homebuyers for integrated, well-connected urban ecosystems. As infrastructure investments continue to accelerate, we expect SPR to strengthen further its position as one of NCR’s most resilient and high-potential real estate micro-markets.”
Industry stakeholders note that SPR is increasingly evolving into a mixed-use urban corridor with residential, commercial, retail, healthcare, education and lifestyle developments progressing simultaneously.
The corridor has also witnessed significant participation from major real estate developers. Tata, DLF, Godrej and Signature Global have launched housing projects across SPR, catering to demand in the premium and luxury housing segments.
Among the developers active in the corridor, Signature Global has expanded its presence through projects including Signature Global Cloverdale SPR and Signature Global Tonino Lamborghini Residences. The company has also announced a mixed-use commercial development in partnership with RMZ Group, comprising Grade-A office spaces, hospitality assets and retail components.
Also Read: Gated Communities vs Independent Homes: Which Is the Better Choice for Modern Homebuyers?
Market participants believe that continued infrastructure upgrades, new project launches and sustained demand from homebuyers are supporting SPR’s evolution into one of Gurugram’s key residential and commercial corridors.
