Greater SPR land acquisition in Gurugram advances as Haryana sets village compensation rates

The Haryana government has moved ahead with land acquisition for the proposed Greater Southern Peripheral Road, also called Greater SPR. Officials said the step could support another growth phase in the district’s real estate market. The government announced compensation for six villages, with a total payout of about Rs 986 crore.

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An official statement said compensation rates were set between Rs 4.92 crore and Rs 8.25 crore per acre. Badshahpur got the highest rate at Rs 8.25 crore per acre. Maidawas was set at Rs 6.17 crore, while Behrampur was fixed at Rs 5.26 crore per acre.

Greater SPR compensation rates and land acquisition

Dhumaspur’s compensation was finalised at Rs 5.19 crore per acre. Ullawas was fixed at Rs 4.96 crore, and Kadarpur at Rs 4.92 crore per acre. Officials said around 160 acres were being acquired for Haryana Shahari Vikas Pradhikaran, known as HSVP, for the planned road.

The acquisition package for these 160 acres amounts to roughly Rs 986 crore, as per officials. The statement also noted that another 116 acres needed for the Greater SPR had already moved to the government. This transfer happened in exchange for transferable development rights, or TDRs, the official statement said.

Greater SPR impact on Gurugram real estate

Developers said progress on the Greater SPR has added to confidence in Gurugram’s property market. Aman Sarin, Director & CEO, Anant Raj Limited, said, "The progress on the Greater Southern Peripheral Road Greater SPR is a significant development for Gurugrams real estate landscape.\"

Manik Malik, President &CEO, BPTP says, \"Infrastructure development plays a fundamental role in shaping the long-term growth of urban centres, and the Greater SPR is an important step towards strengthening Gurugrams connectivity. Improved road networks and better access to key residential and commercial hubs can enhance the overall urban experience while supporting the development of emerging residential corridors. As Gurugram continues to evolve as a key residential destination, such infrastructure initiatives will contribute to sustained end-user demand, greater liveability and long-term value creation.\"

Rishabh Periwal, Sr. Vice President, Pioneer Urban Land and Infrastructure Ltd., said, \"The Greater SPR initiative has the potential to be a significant growth catalyst for Gurugrams real estate market, particularly for emerging residential and commercial micro-markets along Golf Course Extension Road GCER, Southern Peripheral Road SPR and adjoining sectors.\"

Sudhanshu Dutt, CEO, Elevate Homes, said, \"The progress on Greater SPR is very encouraging, particularly for emerging locations such as Sector 63A and adjoining areas of Golf Course Extension Road, where improved road networks will further enhance accessibility and strengthen residential appeal.\"

Sudeep Bhatt, Director-Strategy, Whiteland Corporation says, \"The Southern Peripheral Road corridor has emerged as one of Gurugrams important real estate growth destinations, with significant potential across both residential and commercial developments. Such infrastructure investments will play an important role in enhancing the long-term attractiveness of the corridor for homebuyers, businesses and investors.\"

Officials said the compensation announcement was a key milestone for taking the Greater SPR project forward. With 160 acres under acquisition and 116 acres already transferred through TDRs, the groundwork for the road is progressing. Developers linked the project to better connectivity across Gurugram and nearby areas, and to rising interest in new corridors.

With inputs from PTI