Gurugram was the prime area where luxury housing was most active in Delhi-NCR in 2025. According to the data compiled by JLL, a global professional services firm, out of the 5168 homes sold in the region during the first half of 2025, which were priced above Rs 5 crores, 4693 were in Gurugram. It simply means that the city was the source of 91% of the high-end transactions in the NCR. The same set of data is also showing that the Southern Peripheral Road (SPR) in the city was the main contributor to about 39% of those ultra-luxury sales, thus it was ranked as one of the most active premium corridors in Gurugram along with Dwarka Expressway.
“Over the past few years, the Southern Peripheral Road (SPR) corridor has swiftly positioned itself as one of Gurugram’s most promising real estate zones. This growth is fueled by significant infrastructure enhancements and strategic connectivity that link key business hubs, residential sectors, and major arterial roads, including Golf Course Extension Road, NH-48, and the Dwarka Expressway. Improved accessibility has spurred a sharp increase in residential activity along SPR, leading to heightened demand and a surge in new project launches. The area has quickly become a top choice for both homebuyers and investors, thanks to its excellent connectivity, comprehensive social infrastructure, and forward-looking urban development. With several commercial and retail hubs in the pipeline, the SPR corridor is poised to evolve into one of Gurugram’s most attractive micro-markets within the next 3-4 years. Our project, Smartworld Sky Arc, located in Sector 69 along SPR, exemplifies this upward trajectory. It received an exceptional response, selling out entirely within just 36 hours of launch. Further Launch and massive response to Trump Residences in sector 69 has demonstrated the emergence of SPR as a Luxury segment micro market,” said Ashish Jerath, President- Sales & Marketing, Smartworld Developers.
Such a drastic change is also depicted by the changes in price of residential properties along the SPR. In the corridor, residential values climbed from roughly ₹7,690 per square foot in 2020 to nearly ₹17,300 per square foot by mid-2024, which is an increase of more than 120% in four years. The parties involved in the property market who study the situation have explained that this increase is the result of a mixture of better road connectivity, new supply in the high-end segment, and continuous end-user demand.
Ankit Sharma, SVP-Leasing, Elan Group, said, “The Southern Peripheral Road is rapidly emerging as one of Gurugram’s most vibrant growth corridors, driving momentum both in residential development and commercial real estate. Its strategic connectivity to Sohna Road, Golf Course Extension Road, and key residential catchments is creating strong demand for premium retail, office, and mixed-use spaces. Elan Epic Mall is designed to harness this growth, shaping a dynamic commercial ecosystem that caters to the evolving needs of this corridor. SPR’s development story is not merely about buildings, it is about redefining how Gurugram lives, works, and experiences the city.”
In 2025, the solving of land acquisition issues that had been holding up for a long time the two very important missing stretches of the Southern Peripheral Road, between Sectors 71-73 and Sectors 62-65, allowed the resumption of the work to these links. Moreover, the Gurugram Metropolitan Development Authority prepared and sent proposals to the state government for the upgradation of the main parts of SPR, including the projects planned for the traffic movement facilitation and the improvement of the overall connectivity along the corridor.
"The Southern Peripheral Road (SPR) is driving an unprecedented wave of residential and commercial growth and is rapidly emerging as the new nerve center of Gurugram. At the heart of this transformation are Sectors 76 and 77, anchored by marquee developments. The SPR is seamlessly connected to NH-48, the Delhi-Mumbai Industrial Corridor, Delhi-Mumbai Expressway, and key arterial roads, including the Dwarka Expressway. Its excellent accessibility to the Indira Gandhi International Airport enhances the region’s appeal, offering premium homebuyers and investors a strategic edge in terms of connectivity and long-term value. The region is also evolving into a major business destination, surrounded by corporate giants like American Express, TCS, PepsiCo, and DLF Corporate Greens, with the upcoming 1,000-acre HSIIDC Global City set to turbocharge the ecosystem. Future-ready infrastructure, including MRTS, RRTS, the upcoming SPR Metro, Skybus projects, and the Mumbai-Delhi Bullet Train, further elevates the area's appeal." said Sam Chopra, President and India Head, eXp Realty India.
Industry players in the NCR housing market are forecasting calmer growth in 2026 after the market has been running with a strong premium for the last couple of years. In the NCR housing market, a slower growth pace is anticipated for 2026 by industry players that have observed a strong premium-led run over the past few years. The next phase at SPR is slated to be fuelled by construction progress, handovers and end-user absorption rather than a steep increase in prices.
By the end of 2025, SPR is no longer considered a marginal market. It has been ranked among the luxury residential corridors in Gurugram and is anticipated to remain a prime area of high-end housing in the coming year.
