SynopsisResidential property prices in Gurgaon have surged by 18.4% in the past year, reaching Rs 16,249 per square foot. This significant increase is attributed to the upcoming Gurgaon Greater Southern Peripheral Road (GSPR) and associated infrastructure upgrades, positioning the area as a prime real estate hotspot.ET OnlineResidential property prices increased to Rs 16,249 ppsf from Rs 13,725 a year ago due to upcoming Gurgaon Greater Southern Peripheral Road (AI generated representative image)The Gurgaon Southern Peripheral Road (GSPR) is an upcoming 16-km arterial corridor in Gurugram that links Golf Course Extension Road to NH-48, crossing key nodes like Sohna Road. This road sits between well-established residential areas and major employment centres such as Cyber City and Udyog Vihar, making it a great location for both end users and investors. The Haryana government had allocated Rs 2,000 crore in the 2025-26 state budget to upgrade infrastructure along Gurgaon's Southern Peripheral Road (SPR). This road and its surrounding areas have relatively lower congestion levels and due to availability of large contiguous land parcels, many builders have started developing large residential communities here.A report from Square Yards indicates that in the area surrounding the GSPR, there are 3BHK, 4BHK, and 5BHK units, but there's not much compact housing available. The sizes of these units range from 1,948 sq ft to as much as 5,000 sq ftPrice trend:As per the Square Yards report, here's a chart showing the price trend: