Gurugram potential as realty investment rises with SPR
The Southern Peripheral Road was planned to ease the traffic between the Gurugram and Faridabad. However, the area quickly became the realty hotspot of NCR. The SPR is located 28 kms from the airport and 14 km from the Gurugram railway station.
The 16km-long road intersects Sohna Road at Badshahpur and connects NH-8 to Golf Course Extension Road. Major areas along SPR are sectors 69, 70, 71, 72, 73, 74, and 75, of which Sectors 69 and 70 are the most developed and attractive due to their proximity and direct connectivity with Faridabad, Sohna, Golf Course Road and Gurgaon-Sohna Road.
SPR has many prominent developers like DLF, Elan & Group, Raheja Developers, MAPSKO, Tata Housing, Unitech, GPL, AIPL, and BTTP.
The builders are confident the SPR is full of potential and will attract a lot of homebuyers in the coming time.
Most of the projects along the SPR are being well received by buyers, as the occupancy rate is good. This is a big boost to the under-construction projects as well. The rise in occupancy has also created a demand for Retail, Dining and entertainment.
“Tapping on the demand of the region, we are coming up with an Iconic Retail Destination project at sector 70 with a truly unique design and the concept of commercial development in Gurgaon, which will set a new benchmark,” said, Mr. Raj Singhal, CEO, Elan Group.
“The region is drawing increased attention from investors and the end users alike. The area provides a wide range of reasonable properties, especially the ready-to-move-in properties. So, if you are planning to invest, SPR is the best place to invest,” said Rahul Singla, Director, Mapsko Group.
The area offers a wide range of shopping destinations like Good Earth City Centre, Cosmopolitan, Urbana, Good Earth City Centre. SPR is embraced with an abundance of reputed schools like DPS, Suncity and etc. It also has a wide range of multiplexes like SRS and Grand Cinemas and etc.
The area offers properties, which are more feasible than any other part of NCR. At present, properties under construction range between Rs 4,500-7,500sq ft, nearly 20-30% lower than those of projects in other localities of New Gurgaon, especially Golf Course Extension Road.
The pace of development in the region is fast and the area has a dazzling future ahead. Metro connectivity has been planned along SPR in Phase II, which will connect Huda City Centre to Manesar and will further boost the demand of the area. The region offers a host of options for investment at affordable prices, which will have a capital appreciation of 25-30 percent in the near future. The demand for residential as well as commercial properties along the SPR is hype to increase manifold in the future.