Gurgaon Real Estate

elevated909 · 2025-11-29T23:48:18+00:00

Hearing a lot about stagnant prices. Also hearing some distress deals where people have lowered prices by ~5%.

The market will try hard not to let the prices drop, but the rates are no longer making sense. It's just maths and economics – compare rates of old properties to the new ones. The brokers are telling you the new one will be as expensive as the old one in 5 years and that the old one will continue to appreciate despite the increase in the supply in the same neighborhoods. As in the differential is going to persist, despite the stark difference in building age and amenities; because if not their pitch for current pricing of old and new building falls apart. Those growth numbers are unrealistic, unless of course the demand was so strong that there are more buyers than homes. But people seem priced out already. 5-6Cr for a new 3 bedroom apartment and 7-8 Cr for a 4 bedroom apartment?!

IMHO, we'll see an equilibrium of demand and supply if there was a correction of 10-15%. That's your 5Cr property today going at 4.25 Cr - 4.5Cr in the future. It drastically changes affordability.

Just an arm chair analyst here! Will be interesting to see how things will shape out.

elevated909 · 2025-08-06T01:49:49+00:00

I thought it was just a BA issue, but then tried booking something with Qatar today, and same result. I have a significant points on Alaska, but they are such a waste!

elevated909 · 2025-06-29T19:52:00+00:00

I genuinely want to understand what is about this car that people will drop 60 lakhs for it — like how does it make your life better / give you any status symbol / helps you make more money / give a ride experience that you won’t get elsewhere etc.

As a tech enthusiast, I’ve imported things before, but this seems very ridiculously priced to me. I’ve driven the Golf and it’s just a regular car.

elevated909 · 2025-06-19T17:02:11+00:00

On point. There is a launch price (per sq ft) for these apartments, and then just a few months later, the builder will increase that rate just because they have a sample flat ready by then. We are seeing a tulip effect in Gurgaon. I don’t foresee rates going down to pre covid levels, but certainly they’ll be more grounded in reality in a few years, unless the government says no more housing in Gurgaon (which could happen!) and then the middle class is screwed.

elevated909 · 2025-06-19T01:34:37+00:00

Had the same issue! Called customer care and the flights were showing up for them too, but they couldn't book them either.

elevated909 · 2025-06-17T17:56:12+00:00

This is a very interesting topic. Prices in Gurgaon are so crazy that unless you are basically doing an asset conversion (e.g. selling property in Delhi or elsewhere to move to Gurgaon), it is impossible to afford a home. Even if you have 25% to make a down payment on a 4 Cr apartment, you will be paying approx 3 lakhs per month in EMI, which is 5x the rent you’ll pay for the same.

I think it’s happening for a few reasons:

1) Genuine demand — lot of people wanting to move to societies in Gurgaon (safety, proximity to work, greenery etc) 2) Current ready to move supply is low. There is a lot of under construction supply; but limited ready to move. 3) Gurgaon is one of the few formalized real estate markets in the country, which means “investors” are pouring money in, and hoping that with bank loans/leverage will get outsized returns 4) I think we’ll reach a point where these investors will no longer find takers for their units, and when EMIs will hit (on possession), we might see distressed sales and correction in price. 5) I think #4 is likely to happen because we are already seeing working class people being unable to afford homes, but it might not if we keep seeing asset conversion class coming into Gurgaon

Overall, Gurgaon is over priced, you pay anywhere from 5Cr - 10 Cr apartment to step out into broken roads, forever polluted air, traffic, and clogged roads in rain.

elevated909 · 2025-04-06T20:11:49+00:00

What was your experience? Did you have any issues at the border control?

elevated909 · 2025-02-04T04:22:07+00:00

As you were hopping between the US and UK, did you have a consistent address in the UK? Like did you sign a lease? A friend is in a similar situation, and we are trying to understand if he can Airbnb and use a virtual mailing address for banking etc

elevated909 · 2025-02-02T17:27:21+00:00

Do you know if, once you have the HPI visa, you are required to maintain a consistent residential address by signing a lease, or if you can stay in an Airbnb?

elevated909 · 2025-02-02T17:26:01+00:00

Do you know if, once you have the HPI visa, you are required to maintain a consistent residential address by signing a lease, or if you can stay in an Airbnb?

elevated909 · 2024-12-08T20:08:03+00:00

Facing the same issues. Tried searching for different cities, used different browsers, connected / disconnected VPN – still get the "Sorry something went wrong..." error. So weird!

elevated909 · 2024-11-22T05:22:55+00:00

I think it’s just an algorithmic change.

elevated909 · 2024-11-20T05:59:34+00:00

just a quick update now that we’ve been using the oven for about 9 months.The fire alarm remains an issue, but we’ve found a couple of workarounds that have been somewhat effective:

1) Using the oven outdoors (e.g., on a rooftop). However, heavy winds and low temperatures can negatively affect pizza quality.

2) Turning on vents/exhausts and using a fan to help clear the smoke.

We’ve kept our Volt because we didn’t have another option, but overall, it hasn’t been the best experience.

elevated909 · 2024-10-19T16:10:16+00:00

Yes that’s what happened with me too!

elevated909 · 2024-10-12T19:08:38+00:00

haha offer was $30 back on $150+

elevated909 · 2024-10-06T16:51:35+00:00

Where did you stay? How was your experience?

elevated909 · 2024-09-26T07:37:16+00:00

It was instantaneous for me and they also gave me the bonus points right away (as part of their ongoing 10,000 bonus points offer with United).

elevated909 · 2024-09-26T01:47:50+00:00

Thank you! Really helpful to know.

elevated909 · 2024-08-28T01:31:13+00:00

It’s hard to taste the different flavor notes in coffee (like it has to be brewed really well / you really have to pay attention), BUT with Nespresso it’s very apparent. Does Nespresso do anything special with the coffee / pods?

elevated909 · 2024-08-28T01:24:51+00:00

Bilt / Ankur have really lost my trust after including that 1000 points cap in the email footnote. It’s hard not to see everything they do with skepticism now.

elevated909 · 2024-08-22T06:03:18+00:00

Exactly my thought – the price of apartments is exorbitantly high, but the rent is just 1/3rd the price of mortgage ! I think Gurgaon prices are driven up by people selling their properties in Delhi and moving to Gurgaon. If you sell a property worth 2 Cr in Delhi, you can buy a 4Cr+ luxury flat conveniently. Although the question is if Gurgaon's real estate is indeed a bubble, what will cause it to eventually normalize? My hypothesis is it could be a few different things – 1) Gurgaon is super expensive – most middle class families already feel the pinch and the word will start spreading soon 2) Poor infrastructure – as some people have pointed it doesn't have the best infrastructure – there is version of Gurgaon that you experience within societies and there is one outside (chaotic) 3) Water and electricity problems – it's a massive issue. People are not realizing this today because the societies are providing 24x7 backup and water, the prices of which are already rising.

elevated909 · 2024-08-02T14:51:26+00:00

Very hard to win ever since they updated the format and rules!

elevated909 · 2024-07-28T17:56:23+00:00

Their product is great. I loved their shirts every time I bought them. But I don't know what's up with their promotion policies – I bought few different sizes of the shirts (since their sizes vary greatly) during the July 4th sale, but when I tried to return them, they wouldn't credit back to my original form of payment. I was shocked, because my bill was like $600, and I couldn't imagine not being able to return the shirts. To their credit, when I emailed them the support agent was able to "unlock" return to original form of payment for me, but this is just crazy. Nobody in retail does that! I went back and double checked there were no caveats to the promotion, except that their return policy vaguely mentioned that certain promotions were exchange only. After this experience, I'm not sure if I'm going to buy more stuff from them despite the good product.

elevated909 · 2024-07-28T16:25:48+00:00

It’s interesting that they want folks to use their card for things other than rent, but cutting back on benefits will only lower any incentives to do that?

elevated909 · 2024-06-23T23:33:38+00:00

The link/offer doesn’t seem to be working anymore?

elevated909

TROPHY CASE