Southern Peripheral Road Emerging As New Real Estate Investment Destination

Southern Peripheral road emerging as real estate investment destinaton

Southern Peripheral Road (SPR), also known as New Gurgaon, is attracting developers and investors and has become a beehive of activity. Availability of land parcels for residential and commercial development is one of the main factors driving development in this location.
Other significant factors are the proximity to the IGI Airport, and the forthcoming educational, hospitality and infrastructural developments in the area.
SPR enjoys a niche and premium positioning in the consumers mind and it is expected to register a capital appreciation of around 25-30% in the near future, depending on individual projects and locations. After a boom in the residential development here, the area is set to emerge as the next axis of residential, industrial and commercial development.
SPR is a 150-metre-wide road, which will connect Golf Course Extension Road with NH-8, with a proposed Metro connectivity in the pipeline. It is expected to decongest central Gurgaon and boost connectivity with Delhi.
It is also close to the established residential, retail and commercial developments on Sohna Road. Rapid connectivity to the rest of the
city is the main reason for the rapid price appreciation in this part of Gurgaon. It is also regarded as the next high-potential destination for realty investment.

Realty Scene On Southern Peripheral Road
With modern-living options and excellent connectivity, SPR is all set to become the next big realty destination of Gurgaon.
Many of the residential projects here come with the latest lifestyle amenities like large drawing-dining areas merging into balconies, imported marble flooring, imported laminated wooden flooring in the master bedroom, modular kitchens, VRV airconditioning. Most projects come with splash pools and luxurious clubs.
There is a surge in the quality of living spaces along the SPR with projects like South Park and Nirvana Country 2 by Unitech. South Park has spacious 2- and 3BHK apartments set amidst serene environs. Modern design and world-class facilities makes it one of the most desirable places to stay. Spaze Towers Pvt Ltd has launched its new luxury housing project, Vesta, in Sector 93. Vesta offers 4BHK high-end luxury apartments.
Amit Raaj Jain, the chief marketing officer of Spaze Towers Pvt Ltd, says: “Vesta is an iconic tower with G+20 floors and will cater to people looking for luxurious living. Here, each floor will have four spacious 4BHK apartments, which will be open from three sides. Each apartment will have extra large balconies to ensure abundant ventilation and also have a private splash pool. Vesta has a sky garden on the 9th floor. The units are in a price range of Rs 2-3 crore.”
Advance India Projects Ltd (AIPL) is planning to launch one of its first multistorey premium residential projects, Peaceful Homes, in the Delhi NCR realty market. Peaceful Homes, over 18 acres, is a multistorey premium residential project in Sector 70A. It offers 2 BHK, 3 BHK, and 4BHK premium apartments and penthouses of 1,565-2,925 sq ft.
Sanjay Sachdeva, the executive director of AIPL, says: “Location is the USP of the project. Peaceful Homes is well connected to NH-8 and Golf Course Extension. The close proximity to the residential, commercial and retail developments on Southern Peripheral Road add to the value of the project.”
BPTP has launched BPTP Astaire Gardens on 102 acres in Sector 70A. The project offers 2-storeyed independent August Villas and independent Monet Floors of 196-545 sq yards in the 3-, 4-and 5BHK format.
Sandip Bedi, the director (infrastructure) of BPTP, says: “Our forthcoming projects are great investment options on Southern Peripheral Road. The design and architecture of the project is of international standard and will offer world-class amenities and facilities.”

Why To Invest On SPR
Southern Peripheral Road offers excellent connectivity to Delhi and its adjoining areas. SPR is well connected to Golf Course Road as well as NH-8 and Mehrauli Road. Besides, the existing Gurgaon-Faridabad Road is also directly linked to SPR. SPR has been declared as a national highway, which means that this stretch is going to be maintained by the NHAI (National Highways Authority of India) and will be a six-lane expressway. In addition, Metro connectivity is planned along Southern Peripheral Road in Phase II.

Commercial set-up On Southern Peripheral Road
Omaxe Group has three operational malls on Southern Peripheral Road. Recently, Bharti’s Easyday opened its anchor store in one of these malls indicating that even retail giants are exploring the potential of this area.
Mohit Goyal, the MD of Omaxe Group, says: “People flock to these malls for superlative shopping needs; these malls frequently hold many attractive promotions, freebies and lucrative offers to attract shoppers.”

Impact of new Gurgaon Manesar Master Plan 2031 
After the notification of the new Gurgaon-Sohna Master Plan, 2031, developers like Spaze Towers Pvt Ltd, Unitech, Vipul, AIPL, Eldeco, MGF EMAAR, Raheja Developers, Gold Souk, BPTP, Avlon, Homestead, IREO, Parsvnath, Central Park, etc, are in the process of launching their residential and commercial projects along the Southern Peripheral Road.
Under the new Gurgaon-Manesar Master Plan, 2031, the availability of land for development and avenues for new growth corridors has opened up.
The major infrastructural projects unveiled in the master plan were the Southern Peripheral Road (SPR) and the Northern Peripheral Road (NPR). The focus of the master plan is on the development of new sectors, which are collectively labelled as New Gurgaon today.
Source-TOI

By-
Alok Kumar Upadhayay
Real Estate Professional

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