Realty Hot Spot Series: Reasons why this Gurgaon locality will develop quickly

This week the Realty Hot Spot takes a look at the Southern Peripheral Road (SPR) in Gurgaon. It is developing micro-market comprising several completed and under-construction residential projects. The locality is close to major office hubs of Sohna Road, Golf Course Road, Cyber City and Udyog Vihar. SPR is 28 kms from the airport and 14 kms from the nearest railway station.

Highlights:

• Developing micro-market comprising several completed and under-construction residential projects.
• Close to major office hubs of Sohna Road, Golf Course Road, Cyber City and Udyog Vihar.
• Enjoys good social & retail infra along side Sohna Road.
• Key infra include GD Goenka Public School, Park Hospital, Omaxe Celebration Mall, Raheja Mall, etc.
• Sound physical infrastructure through NH-48, SPR, Sohna Road and Golf Course Extension Road.

Distance from:

• Airport: 28 km
• Railway station: 14 km
• NH-48: 5 km

Locality snapshot:

• Schools: 10+
• Hospitals: 8+
• Restaurants: 15+
• Banks: 12+
• Grocery stores: 18+
• Petrol pumps: 5+

Property prices in SPR are in the range of Rs 5,060-9,420 per sq ft. And a 2-BHK can cost an average of Rs 87 lakh.

Consumer preference by budget segment (Rs)

Consumer preference by BHK

Consumer preference by covered area (sq ft)

Source: Magicbricks