Understanding the “FOMO” in Gurgaon Real Estate Market
The feeling has been accentuated by daily bombardment of news items like
“DLF sells 1137 flats for over Rs. 8,000 crore within three days in Gurugram” https://shorturl.at/clzIR
“At Rs.13k crore, M3M India logs highest ever sales in FY23“. https://shorturl.at/bkOZ5

This feeling of FOMO among consumers has been triggered by the spurt in prices in Gurgaon real estate market in the last few months propelled by robust buying.
One of the key factors for driving this demand for real estate has been the “๐๐ฟ๐ฒ๐ฎ๐ ๐ ๐ถ๐ด๐ฟ๐ฎ๐๐ถ๐ผ๐ป” from Delhi.
A decade back there was a great inhibition of moving from the National Capital to Gurgaon but a lot has changed since then and we are witnessing significant movement of people from Delhi to Gurugram [as it is now called]
W๐ต๐ฎ๐‘s ๐ฑ๐ฟ๐ถ๐๐ถ๐ป๐ด ๐๐ต๐ถ๐ ๐ป๐ฒ๐ ๐๐ฟ๐ฒ๐ป๐ฑ ๐ผ๐ณ ๐บ๐ผ๐๐ถ๐ป๐ด ๐ณ๐ฟ๐ผ๐บ ๐๐ฒ๐น๐ต๐ถ ๐๐ผ ๐๐๐ฟ๐ด๐ฎ๐ผ๐ป ?
๐๐ผ๐ก๐ฒ๐ ๐ฐ๐ผ๐ฟ๐ฝ๐ผ๐ฟ๐ฎ๐๐ฒ ๐ผ๐ณ๐ณ๐ถ๐ฐ๐ฒ ๐ฐ๐ผ๐บ๐ถ๐ป๐ด ๐๐ฝ ๐ถ๐ป ๐๐๐ฟ๐ด๐ฎ๐ผ๐ป – Global MNCs like Meta [Facebook], Amazon, Hyundai to name a few have opened up offices in Gurgaon resulting in more people wanting to move closer to these offices.
๐๐ผ๐ง๐ต๐ฒ ๐ฎ๐น๐น๐๐ฟ๐ฒ ๐ผ๐ณ ๐น๐ถ๐๐ถ๐ป๐ด ๐ถ๐ป ๐ด๐ฎ๐๐ฒ๐ฑ ๐ฐ๐ผ๐บ๐บ๐๐ป๐ถ๐๐ถ๐ฒ๐ – Gurgaon offers plenty of options of living in “gated communities” across all categories from affordable to ultra luxury segments unlike Delhi which is more aligned towards bungalows, standalone building and housing colonies.
๐๐ผ๐๐ฎ๐บ๐ถ๐น๐ ๐๐ฒ๐๐๐น๐ฒ๐บ๐ฒ๐ป๐๐ – An unfortunate consequence of COVID has been an increase in family settlement of properties. For people having a property in Delhi which needs to be distributed among family members, Gurgaon provides an option of disposing the Delhi asset and buying an equally good or better property in Gurgaon and still be left with some surplus.
๐ฆ๐ผ ๐๐ต๐ฎ๐ ๐๐ต๐ผ๐๐น๐ฑ ๐ผ๐ป๐ฒ ๐ฑ๐ผ ๐ถ๐ป ๐๐ต๐ถ๐ ๐๐ฐ๐ฒ๐ป๐ฎ๐ฟ๐ถ๐ผ ๐ผ๐ณ ๐๐ข๐ ๐ขโ
ย โณ๏ธ ๐๐ ๐ฒ๐จ๐ฎ ๐ก๐๐ฏ๐ ๐๐ฅ๐ซ๐๐๐๐ฒ ๐๐จ๐ฎ๐ ๐ก๐ญ ๐ฌ๐จ๐ฆ๐๐ญ๐ก๐ข๐ง๐ ๐ฅ๐๐ฌ๐ญ ๐ฒ๐๐๐ซ, pat your self on the back for timing the market well !! You never know if the markets let you get that feeling again!
โณ๏ธ ๐๐ณ ๐๐ผ๐ ๐ฎ๐ฟ๐ฒ ๐ถ๐ป ๐๐ต๐ฒ ๐ฝ๐ฟ๐ผ๐ฐ๐ฒ๐๐ ๐ผ๐ณ ๐ฏ๐๐๐ถ๐ป๐ด ๐๐ผ๐บ๐ฒ๐๐ต๐ถ๐ป๐ด, don’t let the FOMO get better of you. At the end of the day, you may be investing your life savings into the home purchase. Don’t fret about missing the rally. The last thing you want is paying a premium & buying something you don’t like.
As rightly quoted
“”๐๐ข๐ ๐ข ๐บ๐ฎ๐ ๐ฏ๐ฒ ๐ฎ๐ป ๐ผ๐๐ฒ๐ฟ๐๐ต๐ฒ๐น๐บ๐ถ๐ป๐ด ๐ฒ๐บ๐ผ๐๐ถ๐ผ๐ป ๐ฏ๐๐ ๐ฐ๐ฎ๐ป๐ป๐ผ๐ ๐ฏ๐ฒ ๐ฎ ๐ถ๐ป๐๐ฒ๐๐๐บ๐ฒ๐ป๐ ๐๐๐ฟ๐ฎ๐๐ฒ๐ด๐””
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