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A FAST GROWING REALTY DESTINATION OF THE NCR

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by Future Realty India 5 January, 2019

A fast Growing Realty Destination of the NCR

SPR- which was planned to ease traffic between the two NCR cities of Gurgaon and Faridabad – is now fast becoming home to various high-end residential and commercial projects.

Gurgaon satellite City has turned in to a self sustained ecosystem within a span of about two decades the region is a good example of how an again dominant locality an e swiftly turned into a modern –day city development over a period of time , various pockets have been developed , some of which have become landmarks with others turning out to be growth vectors At present , one of the most prominent growth vectors in Gurugram is Southern peripheral Road (SPR) region. SPR originates from Gurgaon-faridaad Road near Ghata Kanarpur and intersect NH -8 near kherki Dhaula at Sohna Road on Badshahpur Chowk.

Though SPR is the smallest of all corridors, it spans 11 Sectors – From Sector 68 to Sector 75A . The Government named this stretch a National Highway 248 .The most prominent intersections are National Highway 8, Badshapur Road, Golf Course Road & Golf Course Extension Road in Gurugram. All the roads lead to prominent and self sustaining ecosystem “Amit Chawla, Senior associate director (Valuation and advisory services) at Colliers International India, Said SPR – which was planned to ease traffic between the two NCR cities of Gurgaon and Faridabad , apart from decongesting the traffic around IFFCO Chowk – is now fast becoming home to various high end residential and commercial projects .

It should, however, be noted that some patches of SPR near NH-8 are currently not acquire. Thus the current SPR route is not fully developed and operational once SPR Is completed, it will provide seamless connectivity from NH-8 to Faridabad. This will have a direct impact on various real estate projects, residential and commercial, located in the vicinity. SPR is the backbone of the local economy “, Chawla says .Whatever be the case, property developers says the SPR is amongst the fastest growing realty destinations of the Delhi NCR.

It is actually ‘ Extended Golf Course Extension Road “ and has some outstanding real estate projects .It vicinity like Golf Course Road ,Sohna Road NH-8 and Dwarka Expressway Many families have moved into the surrounding residential projects with entertainment facilities ready to be tapped. More commercial and residential projects are coming up in this region which will be easily accessible from SPR. In fact , the forthcoming rail – based regional rapid transit system at kherki Dhaula will boost the economic importance o the region , making it one of the most prominent location to invest ,”Raj Singhal , CEO Elan Group ,said Elan Group is coming up with an iconic retail destination at sector 70 in Gurugram.

Ashish Sarin, director and CEO , Alpha Corp says, SPR is a major infrastructural project which will provide excellent connectivity to Faridabad –Gurgaon Road, Golf Course Road , Sohna Road and NH-8 ,IT is also drawing the attention of end users and investors to the properties in New Gurgaon ,as it boosts connectivity.