Gurugram's Southern Peripheral Road | A Thriving Hub for Real Estate & Corporate Growth

Once a quiet stretch of road, Gurugram's Southern Peripheral Road (SPR) has quickly transformed into one of the most sought-after areas in the city.

Often compared to Gurugram’s iconic Cyber City, SPR is on its way to becoming the next big thing for both corporate offices and real estate development. This shift is not just the result of a market boom but the combined efforts of infrastructure upgrades, rising property values, and an influx of major global companies.

A Sharp Rise in Property Prices

Just a few years ago, the average price per square foot in the SPR area stood at a modest Rs 7,690 in 2020. However, this figure has seen a dramatic leap, soaring to Rs 17,300 per square foot by 2024—a staggering 125% increase over the last five years. This surge has made SPR a highly attractive destination for property investors and homebuyers alike, with many eager to secure a piece of the area’s growing promise. As professionals look for homes near their workplaces, SPR has emerged as the go-to area for those seeking not only an address but a great return on investment.

Government Backing Boosts Growth

The real estate boom in SPR has not been purely driven by market demand. The Haryana government has thrown its weight behind the region’s growth, allocating a significant Rs 2,000 crore in its 2025–26 budget to upgrade infrastructure. This investment will focus on enhancing roadways, improving travel convenience, and expanding overall connectivity. As a result, the region is poised to solidify its position as the most coveted location for businesses and residential development alike.

Commercial Growth and Corporate Relocation

With infrastructure improvements on the horizon, SPR has already become home to some of the biggest names in business. Major companies such as TCS and PepsiCo have set up shop along the road, contributing to the bustling business district. In fact, over 82,000 people are already employed here, filling modern office spaces like Skyview Corporate Park, Pioneer Square, and Bestech Business Tower. The commercial success in the area has driven an increasing demand for both office spaces and nearby residential complexes.

A Real Estate Boom in Full Swing

Prop Equity’s recent report paints a clear picture of SPR’s fast-paced real estate growth. In just five years, the number of real estate projects in SPR has skyrocketed by an astonishing 584%. From a modest six projects between 2014 and 2019, the area saw a surge of 23 new projects between 2020 and 2024. The number of housing units has also experienced an explosive increase, rising from just 1,602 units to 10,962 units. Today, 23 ongoing projects across various stages of development demonstrate the strong confidence builders have in the future of this location.

The Future of SPR: Bright and Bustling

With its fast-rising property prices, major infrastructure improvements on the way, and a growing number of multinational companies establishing offices, Southern Peripheral Road is well on its way to becoming Gurugram's new shining jewel. It offers a blend of modernity, convenience, and opportunity—making it an attractive spot for both homebuyers and businesses looking to expand. Whether you're seeking the ideal place to live, work, or invest, SPR promises a future full of growth and prosperity.