Sunday, July 14, 2024

Remarkable Property Appreciation Along SPR – Investors and Homebuyers Witness Highest Return on Investment

In the vibrant landscape of Gurgaon’s real estate market, the Southern Peripheral Road (SPR) has emerged as a standout performer, showcasing unprecedented property price appreciation over the last five years. This remarkable rise has not only captivated investors but also brought immense benefits to homebuyers, all of whom have reaped substantial returns on their investments.

Excellent Increase in Property Prices

According to a detailed report by 99acres.com, the property prices along the SPR have seen a phenomenal increase since 2020. To put it into perspective, prices moved up by 36.1% in year one and an impressive 75.6% in year three. This translates into an astounding appreciation of 78.3% in the last five years. Such significant growth is a testament to the area’s robust real estate dynamics and the strategic importance of SPR in Gurgaon’s urban development.

Investors and Homebuyers Reaping Rich Dividends

The sharp rise in property values has had a profound impact on both investors and homebuyers. For investors, the Southern Peripheral Road has become a goldmine. The high Return on Investment (ROI) has been unparalleled, driven by the consistent and steep appreciation in property values. This trend has attracted a plethora of investors, both domestic and international, looking to capitalize on the booming market. The presence of reputed real estate developers has instilled confidence among buyers. Projects by leading developers like DLF, Godrej Properties, Signature Global and Whiteland Corporation have set high standards in terms of construction quality, amenities, and overall living experience. This has further fuelled the demand and consequently, the property prices.

Mr. Ravi Aggarwal, Co-founder & Managing Director, Signature Global (India) Ltd. “SPR is strategically positioned as the heart of Gurugram, and like the south parts of major cities such as South Delhi and South Mumbai, it has experienced prominent growth, with even more impressive potential on the horizon. As per 99 acres, property values along SPR have surged by an impressive 78.3% over the past five years, reflecting the dynamic growth and development in the region. This remarkable appreciation underscores the lucrative potential of owning property in this area, presenting a golden opportunity for homebuyers and investors to make substantial equity gains. With significant new developments underway, such as the elevated SPR and the cloverleaf at Vatika Chowk, infrastructure improvements are set to ensure smooth traffic flow from the Sohna elevated road and SPR to the Dwarka Expressway, the Delhi-Mumbai Expressway, and NH48. Additionally, the upcoming jungle safari further enhances the investment appeal of this location.

He further added,
 “The strategic positioning of SPR, coupled with an upcoming metro station planned in Sector 72A and various multinational brands establishing office spaces and retail centers in the area, indicates its massive growth potential. The proposed metro line running along SPR from Sector 55/56 to Vatika Chowk, featuring five new metro stations at Sector 56, Sushant Lok, Sushant Lok Phase-3, Rosewood City, and Vatika Chowk, also contributes to making this an ideal investment destination. Property prices are expected to continue surging around SPR, with sectors in close proximity such as 71, 72, 75, and 76 attracting the highest appeal among homebuyers and investors. More than just a transportation link, SPR is the backbone of Gurugram’s urban expansion. The corridor’s development showcases strategic urban planning, meeting the city’s growing demand for integrated living and working spaces. The ongoing projects and infrastructural enhancements are poised to make SPR a central hub for Gurugram’s economic growth, solidifying its status as a futuristic and thriving urban epicenter.”

SPR Connectivity Driving Growth and Development

Several factors have contributed to the meteoric rise in property prices along SPR. One of the primary drivers is the strategic location of the road. SPR connects major commercial and residential hubs, providing seamless connectivity to key areas such as Sohna Road, Golf Course Extension Road, and NH-48. This makes it an attractive location for both residential and commercial developments.

Mr. Pankaj Pal, Managing Director, Whiteland Corporation, stated, “The appreciation of properties along the Southern Peripheral Road has been transformative. Homebuyers are delighted with substantial equity gains, while investors have seen exceptional returns, evidenced by a 78.3% increase in property values over five years. This growth highlights SPR’s potential as a premier real estate destination, particularly for luxury homes, attracting affluent buyers seeking high-end living spaces and enhancing the area’s premium status.”

The Investment Horizon

Looking ahead, the future of real estate investment along the Southern Peripheral Road appears exceedingly bright. Experts believe that the trend of rising property prices is likely to continue, driven by ongoing and planned infrastructure projects, sustained demand, and the overall economic growth of the region. For new investors, SPR offers a compelling proposition with the promise of substantial returns in the coming years. The rental market along SPR is also thriving. The area’s strategic location and enhanced connectivity have made it a preferred choice for professionals working in Gurgaon and surrounding areas. This has led to higher rental yields, providing an additional stream of income for property owners. As a result, the overall ROI for properties on SPR remains one of the highest in the region.

Dr. Renu Singh, Director – Sales & Marketing, Aarize group, “The property market along the Southern Peripheral Road in Gurgaon has demonstrated substantial growth, with property values appreciating by 36.1% over the past year, 75.6% over the last three years. This robust upward trend highlights the increasing desirability and potential for high returns on real estate investments in this region. The area’s strategic location and ongoing infrastructure developments have further enhanced its appeal to investors and buyers. We are committed to capitalizing on these trends to offer our clients strategic opportunities in this rapidly expanding locale, leveraging our expertise to identify promising investments and maximize returns on the area’s burgeoning potential.”

Infrastructure development has also played a crucial role. The Haryana government’s focus on improving road infrastructure, enhancing public transport, and developing social amenities has significantly boosted the area’s appeal. The introduction of new commercial projects, shopping complexes, schools, and hospitals has made SPR a self-sustaining ecosystem, attracting a steady influx of homebuyers and investors.

Mr. Aman Trehan, Executive Director, Trehan Iris, says, “The rapid appreciation of property prices along the (SPR) Southern Peripheral Road, Gurugram depicts the location’s emergence as a lucrative area for investment. Moreover, the significant 78.3% increased prices over 5 years have proved constant demand due to the location and infrastructural development. This growth benefits homeowners in terms of substantial equity gains while providing exceptional returns to the investors with a notable increase of 36% in property values in the past one year. Furthermore, with its successful growth, SPR is likely to become one of the most preferred and compelling locations in the real estate markets in Gurugram.”

Future Prospects

The Southern Peripheral Road in Gurgaon stands as a shining example of how strategic location, robust infrastructure, and reputable developers can create a hotspot for real estate investment. The staggering 78.3% increase in property prices over the last five years has not only delighted homeowners but also provided handsome returns to investors. As SPR continues to evolve and grow, it promises to remain a beacon of opportunity in Gurgaon’s real estate market, offering both security and profitability to those who invest in its promising future.

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