Real estate
The Rise of Gurugram’s SPR: Your Guide to the City’s Newest Luxury Neighborhood
Gurugram’s Southern Peripheral Road (SPR) has officially arrived. Once an overlooked stretch, it’s now a vibrant hub for luxury living, with property values more than doubling in the last five years. If you’re looking for a prime real estate investment or a dream home in Gurugram, the SPR is where you need to be.
Learn why the Gurugram Southern Peripheral Road is the go-to destination for high-end homes, from stunning new projects to incredible price growth.
Gurugram Southern Peripheral Road (SPR) has officially arrived. Once an overlooked stretch, it’s now a vibrant hub for luxury living, with property values more than doubling in the last five years. If you’re looking for a prime real estate investment or a dream home in Gurugram, the SPR is where you need to be.
The secret to its success? A perfect storm of high-end developments and major infrastructure upgrades. Since 2022, developers have poured over ₹50,000 crore into new residential projects, attracting top names like Gurugram DLF and Trump Towers. The demand is so high that properties are selling out almost instantly.
Take DLF’s new Privana North project, for example. It’s part of a massive 116-acre township and sold over 1,100 luxury apartments and penthouses worth an astonishing ₹11,000 crore in just a week! And the buzz is not limited to DLF. The new Trump Tower Residences in Sector 69 also sold out all 298 units on the very first day. This overwhelming demand shows that homebuyers are willing to invest big in this corridor.
The numbers back up the hype. From 2020 to mid-2024, the average price of an apartment on the SPR shot up by a staggering 125 percent. This makes it one of the fastest-growing micro-markets in the city. The value of premium homes has soared by 70–85 percent, proving the area is a solid investment.
The SPR isn’t just about homes; it’s about a complete lifestyle. New infrastructure, including a ₹750-crore elevated corridor, will create a seamless commute, connecting the Dwarka Expressway to major highways. With plans for future metro lines and a growing number of corporate offices nearby (like American Express and PepsiCo), the SPR is shaping up to be a true live-work-play destination.
While the future looks bright, a few challenges remain. The area has experienced issues with waterlogging and drainage during the monsoon, particularly in sectors 68-75. A new drainage system is in the works, but it won’t be finished until 2026. Additionally, reports of sinkholes and road collapses point to ongoing safety concerns that need to be addressed.
Source: MC