Southern Peripheral Road (SPR) in Gurugram Emerges as Next Cyber City with 125% Property Surge

Gurugram, April 16, 2025 Southern Peripheral Road (SPR), a once-quiet corridor in Gurugram, has rapidly transformed into a high-demand real estate and commercial destination, earning the moniker “Cyber City 2.” With property prices skyrocketing by 125% in just five years, this stretch is now poised to rival Gurugram’s original Cyber Hub.

Property Boom Fueled by Infrastructure Push

According to PropEquity research, property prices along SPR have surged from ₹7,690 per sq. ft. in 2020 to ₹17,300 by mid-2024. This exponential growth is supported by Haryana Government’s ₹2,000 crore infrastructure allocation in the 2025-26 Budget to enhance civic amenities, roads, and connectivity.

Additionally, the Gurugram Metropolitan Development Authority (GMDA) has greenlit an ₹8.25 crore upgrade of the Vatika Chowk to NH-48 stretch, including a 56km pedestrian and cycle corridor, ensuring sustainable mobility across the SPR region.

Corporate Expansion Accelerates Demand

SPR’s transformation is further propelled by the influx of corporate offices and commercial projects, including TCS, PepsiCo, American Express, and Air India’s training center. Major commercial hubs like Skyview Corporate Park, Pioneer Square, and Bestech Business Tower collectively employ over 82,000 professionals.

Developers such as DLF and Signature Global are spearheading premium residential and commercial developments, with DLF Mall of India, soon to be the largest mall in the country, adding to the region’s retail clout.

Surge in Housing Supply and New Launches

Between 2020 and 2024, SPR saw a 584% rise in new project launches, increasing from six projects in 2015–2019 to 23 in the latest five-year period. Housing supply jumped from 1,602 to 10,962 units, indicating unprecedented demand.

Leading real estate experts and developers, including Mr. Pradeep Aggarwal (Signature Global), Mr. Ashok Kapur (Krisumi Corporation), and Mr. Garvit Tiwari (InfraMantra), credit SPR’s strategic location, connectivity, and infrastructure as key investment drivers.

Prime Connectivity and Urban Lifestyle

Stretching 16 km from Gurgaon-Faridabad Road to NH-48, SPR links critical arteries like Golf Course Extension Road and Sohna Road, slashing travel time across NCR:

• 14 minutes to Golf Course Road Extension

• 16 minutes to New Gurugram

• 20 minutes to Sohna Road

SPR also offers an all-encompassing lifestyle ecosystem with institutions like DPS International, St. Xavier’s, healthcare hubs like Artemis and CK Birla, and luxury hospitality options including Grand Hyatt and Lemon Tree.

Top Investment Picks on SPR

PropEquity’s top recommendations for investors include:

• DLF Privana West (Sector 76) Long-term growth

• Signature Global Titanium SPR (Sector 71) Mid-term returns

• Eldeco Fairway Reserve (Sector 80) Spacious, value-driven homes