India, April 29 -- Once a quiet, dusty stretch, Gurugram's Southern Peripheral Road (SPR) has undergone a transformation over the past decade, becoming one of Delhi-NCR's emerging real estate corridors. Analysts say housing demand in the area has jumped six-fold in the past five years, with residential launches surging by 584% and property prices rising by 125%.

With 23 ongoing projects expected to deliver around 11,900 residential units by 2029, SPR remains a prime draw for investors and homebuyers, according to online analytics platform PropEquity.

"SPR has witnessed a remarkable transformation in the past five years," said Samir Jasuja, founder and CEO of PropEquity. "Between 2020 and 2024, housing supply along the corridor reached 1...