What is Southern Peripheral Road( SPR)?
Southern Peripheral Road also known as Golf Course Extension Road rings a number of cities including Gurgaon, Faridabad, Sohna, Manesar and Dharuhera, Rewari, Bhiwadi, Bawal among others. This road is crucial for a number of reasons. In a general breakdown, the road can be sub-divided into the 7-km stretch from Ghata village to Vatika Chowk (in Badshahpur) and a 6-km stretch from Vatika Chowk to NH-48 close to Kherki Daula.
Towards the Future: Urban. Enhancing Features
Once severalillions of workers were centered on a masterplan of urbanization such as the Town and Country Planning Department of Haryana, which drafted a masterplan 2031 for the area of the Gurgaon residents and regions around Manesar and Sohna Complex area. This particular corridor came into existence as a life nerve, which achieved the connection of a large number of developed and developing sectors resorts to residential and housing, shopping and commercial activity including parts aimed at industrial development to massive inflowing of investors. Thanks to the diversity of the residential and commercial sectors, this represents micro-market with quite normal diversity and activities within. The sectors along the SPR are all developing rapidly with active urban growth.
An Attractive Location for Investors
In the last twenty years, this corridor, nestled in the picturesque The Aravalli Hills, has emerged as a desirable area for real estate developers and investors due to significant improvements in infrastructure, connectivity, and other factors that appeal to discerning home buyers. A 13 km stretch has turned out to be very important in terms of realty developments within the region as it has easy connection with the other commercial and residential areas of the city. Essentially, this road has turned out as the connector to several other micros of Gurgaon, like Sohna Road, Golf Course Road, Cyber City, Udyog Vihar, etc. This kind of connectivity is advantageous for investors and serves as a catalyst for real estate development.
Plans for Infrastructure Improvement
Further, in the master plan 2031, the Gurugram Metropolitan Development Authority (GMDA) has mentioned the necessity for reconstructing this road whose traffic has gone up fifteen-fold over the last decade, and it is imperative that it be widened with underpasses and flyovers be built at all intersections. There are also plans in some phases for the agency to pass on this road to National Highway Authority of India for reconstruction or reinforcement depending on traffic needs. This corridor, likewise, has seen a phenomenal rise in population over the past few years, while infrastructure has grown to foster business and urban activities.
Opportunities for Real Estate Investment
Today, real estate properties include commercial shop-cum-offices, shops, logistic parks as business options. Moreover, investment in such plots and commercial property in the sectors along the SPR has long term dividends since appreciation in value is seen due to undertakings that are in the pipeline. The launch of the underpass at Vatika Chowk has enabled cross-sectors tremendously connecting the sectors along the SPR.
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