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It is the dream of every Indian to own a house. Or two. And a dream that has remained a dream for most of the Indians in the past. However, the last few years have seen a dramatic change in the housing environment along with an even bigger change in the mindset. No longer does one need to labor his entire life, accumulate funds by sacrificing all other needs, and then settle for a poor excuse of an house that would make even an Eskimo proud! Now it is a simple matter of walking into your neighborhood bank with your salary slip and walking out a proud owner of a luxurious apartment.


Gurgaon again leads the nation in sheer number and variety of the housing solutions that it provides. Whether it is a simple brick and mortar house or a million dollar plus penthouse overlooking the golf course it is yours for taking. All you need to do is want it!

Though past couple of years has seen double-digit growth in residential sector, the market is still long way off from the peak. The number one reason supporting this premise is the liquidity. The market is awash with funds with most of the banks still continuing to aggressively market their home loans. The recent 25 basis point cut in the home loan rates provides some additional support. With interest rates showing no sign of going north, more and more people will continue to afford that easy EMI, and hence the home prices are unlikely to go south.

Secondly supply of apartments is limited as defined by the master plan of the city. Though not impossible, it is highly unlikely that more FSI will be released in the existing sectors, as it will put more strain on the already stretched infrastructure. No supply translates into higher prices.

Gurgaon remains the premier destination for young professionals as well as for those looking for a better quality of life. As the population continues to grow, the demand for houses with continue to grow as well, which again leads to higher prices.

Last but not the least, the replacement cost of an apartment is higher than the existing price of a similarly placed apartment which makes it all but impossible for the prices to get any lower than the levels they are at present.

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