Introduction
The Southern Peripheral Road (SPR) is a proposed highway that will connect Delhi to Gurgaon, Manesar and its surrounding areas. It will be an essential road for commuters traveling from Delhi to Gurgaon as it will reduce travel time by at least 30 minutes.
The construction of SPR was started in 2013 and was expected to be completed by 2018 but due to some reasons it got delayed until now. The project cost has increased from Rs 5500 crores initially to Rs 10500 crores now which includes land acquisition cost also but still there are chances that this project might get delayed further if any new hurdles come up during its construction phase or even after completion of construction work if no proper maintenance work is done on this stretch of national highway NH-8A between Kundli & Palwal which belongs both Haryana & Uttar Pradesh states respectively
Location of SPR
The Southern Peripheral Road is located in Gurgaon, Haryana. It is situated at a distance of around 30 km from the city center and has many amenities nearby such as schools, hospitals and shopping malls.
Real Estate Market
Gurgaon is a city in the Indian state of Haryana. It is located about 12 kilometers southwest of New Delhi and has a population of 1.5 million people, making it one of India’s most densely populated cities.
The real estate market in Gurgaon has been growing steadily over the last decade thanks to its proximity to Delhi and good infrastructure. The city has witnessed an increase in demand for residential properties since 2010 due to economic growth, rising disposable incomes as well as improved connectivity through roads and metro rail projects like Rapid Metro Gurgaon (RMG). The RMG project was launched by Haryana Urban Development Authority (HUDA) in 2012 with an aim at improving public transport facilities across all sectors including residential colonies within Gurgaon city limits; however due to delays caused by land acquisition issues it took almost three years before construction work could begin on Phase 1A connecting Sikanderpur Depot with Cyber City via Sohna Road which opened up another avenue for commuters travelling between south Delhi suburbs such as Dwarka etcetera who previously had no other option but highways like NH8 or NH10 because there were no viable alternatives available till now except using buses which take longer time than cars do while driving around town looking for parking spaces too often leads people into trouble especially during rush hour traffic jams when everyone wants them back home ASAP!
Types of Properties
There are various types of properties available in Southern Peripheral Road, Gurgaon. Residential properties are available in the form of apartments and villas. The apartments come with 2BHK, 3BHK and 4BHK options while the villas can be bought as single-storeyed or double-storeyed ones.
The commercial spaces include offices, retail shops and warehouses that can be used for any purpose by the buyers. The amenities provided at this location include 24×7 water supply facility along with sewerage system which helps keep your surroundings clean at all times and round-the-clock security services so that you don’t have to worry about anything else other than enjoying your new home!
Infrastructure
The Southern Peripheral Road is a proposed road that will connect Gurgaon with Faridabad. It will be constructed parallel to National Highway 8, which connects Delhi with Jaipur in Rajasthan. The project was approved by the Haryana government in 2016 and has been pending since then due to various reasons including land acquisition issues.
The road will have 4 lanes on each side, making it an 8-lane highway at its widest point. It will also have service roads along both sides of this main carriageway for vehicles coming from either direction or turning into side streets or other roads within residential areas along its route through Gurgaon city limits (such as Sohna Road).
Social Infrastructure
Social infrastructure is another important factor to consider when buying a property. Gurgaon has many schools, hospitals and shopping malls that can be accessed by residents of Southern Peripheral Road. The area also has entertainment centers like cinemas and theme parks which are sure to attract more people into the city.
Advantages of Investing in SPR
Investing in SPR is a great idea for several reasons. The first and foremost reason is that the property prices are expected to increase over time. This means that you will be able to sell your property at a higher price than what you have bought it for, thus giving you good returns on your investment.
Another benefit of investing in SPR is its easy accessibility from Delhi-Gurgaon Expressway and NH 8 (Delhi-Jaipur Highway). It also has good connectivity with other parts of Gurgaon like Udyog Vihar Phase 1 & 2, Cyber City etc., making it an ideal place for home buyers looking for affordable options near Delhi NCR’s most happening areas like Golf Course Road or Cyber City
Future of SPR
The Southern Peripheral Road is an upcoming real estate hotspot in Gurgaon. It is a 28-km long highway that connects NH 8 to NH 24 and will help ease traffic congestion on the existing roads. This will also boost connectivity between Delhi-NCR and other parts of Haryana as well as Rajasthan. The project was initially expected to be completed by 2020 but has been delayed due to land acquisition issues, which are now being resolved through negotiation with landowners.
The future development plans for SPR include:
- A multi-modal transit hub at Kherki Daula that would connect rail, metro and bus services together under one roof;
- A new airport near Manesar;
- An integrated township covering over 1,000 acres (4 km2) along the highway;
Conclusion
The Southern Peripheral Road is an upcoming real estate hotspot in Gurgaon. It will provide connectivity to NH-8, Sohna Road and Golf Course Extension Road via a four-lane road and also reduce traffic congestion on the National Highway 8 (NH-8). With all the big developers and builders launching commercial projects and residential projects on SPR road, there is no doubt that this area is the new hotspot for real estate investment in Gurgaon.
