Real Estate News & Updates

Work on the redevelopment of Southern Peripheral Road (SPR), including the Construction of eight flyovers, footpaths and cycle tracks, is likely to begin early next year. The revamped stretch is likely to be ready by mid-2025. the Gurugram Metropolitan Development Authority (GMDA) has opened the technical bid for the RS 845- crore project. Six Companies have submitted their bids, according to officials. And financial bid will be opened at the end of the month to select the company which will get the contract to complete the project in 2.5 years. "A committee headed by the GMDA CEO will take the final call on the company. The revamp work wil start at the beginning of next year, " GMDA's superintending engineer Arun Dhankar told TOL the project to upgrade SPR has been on the cards sice 2019. the project has been reworked multiple times since then, with GMDA going back and forth between construction of flyovers and underpasses, or a combination of the two, to resolve traffic congestion issues along the road. the project was finally approved in GMDA'S 10th authority meeting in june this year. while the development Authority will be constructing the flyovers at eight critical points on the road, the national Highways Authority of india (NHAI) will build an underpass at vatika chowk.