{"id":779,"date":"2023-05-05T11:50:42","date_gmt":"2023-05-05T11:50:42","guid":{"rendered":"https:\/\/simplease.in\/blog\/?p=779"},"modified":"2023-05-12T05:37:40","modified_gmt":"2023-05-12T05:37:40","slug":"understanding-the-fomo-in-gurgaon-real-estate-market","status":"publish","type":"post","link":"https:\/\/simplease.in\/blog\/?p=779","title":{"rendered":"Understanding the &#8220;FOMO&#8221; in Gurgaon Real Estate Market"},"content":{"rendered":"\n<p>The feeling has been accentuated by daily bombardment of news items like <\/p>\n\n\n\n<p>&#8220;<strong>DLF sells 1137 flats for over Rs. 8,000 crore within three days in Gurugram<\/strong>&#8221; <a href=\"https:\/\/shorturl.at\/clzIR\">https:\/\/shorturl.at\/clzIR<\/a><\/p>\n\n\n\n<p>&#8220;<strong>At Rs.13k crore, M3M India logs highest ever sales in FY23<\/strong>&#8220;. <a href=\"https:\/\/shorturl.at\/bkOZ5\">https:\/\/shorturl.at\/bkOZ5<\/a><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"688\" src=\"https:\/\/simplease.in\/blog\/wp-content\/uploads\/2023\/05\/real-estate-1.jpeg\" alt=\"\" class=\"wp-image-786\" srcset=\"https:\/\/simplease.in\/blog\/wp-content\/uploads\/2023\/05\/real-estate-1.jpeg 1024w, https:\/\/simplease.in\/blog\/wp-content\/uploads\/2023\/05\/real-estate-1-300x202.jpeg 300w, https:\/\/simplease.in\/blog\/wp-content\/uploads\/2023\/05\/real-estate-1-768x516.jpeg 768w, https:\/\/simplease.in\/blog\/wp-content\/uploads\/2023\/05\/real-estate-1-200x134.jpeg 200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>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 <strong>robust buying<\/strong>.<\/p>\n\n\n\n<p>One of the key factors for driving this demand for real estate has been the &#8220;\ud835\uddda\ud835\uddff\ud835\uddf2\ud835\uddee\ud835\ude01 \ud835\udde0\ud835\uddf6\ud835\uddf4\ud835\uddff\ud835\uddee\ud835\ude01\ud835\uddf6\ud835\uddfc\ud835\uddfb&#8221; from Delhi. <\/p>\n\n\n\n<p>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]<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><strong>W<\/strong>\ud835\uddf5\ud835\uddee\ud835\ude01<strong>&#8216;s <\/strong>\ud835\uddf1\ud835\uddff\ud835\uddf6\ud835\ude03\ud835\uddf6\ud835\uddfb\ud835\uddf4 \ud835\ude01\ud835\uddf5\ud835\uddf6\ud835\ude00 \ud835\uddfb\ud835\uddf2\ud835\ude04 \ud835\ude01\ud835\uddff\ud835\uddf2\ud835\uddfb\ud835\uddf1 \ud835\uddfc\ud835\uddf3 \ud835\uddfa\ud835\uddfc\ud835\ude03\ud835\uddf6\ud835\uddfb\ud835\uddf4 \ud835\uddf3\ud835\uddff\ud835\uddfc\ud835\uddfa \ud835\uddd7\ud835\uddf2\ud835\uddf9\ud835\uddf5\ud835\uddf6 \ud835\ude01\ud835\uddfc \ud835\uddda\ud835\ude02\ud835\uddff\ud835\uddf4\ud835\uddee\ud835\uddfc\ud835\uddfb <strong>?<\/strong><\/p>\n\n\n\n<p>\ud83d\udc49\ud83c\udffc\ud835\udde1\ud835\uddf2\ud835\ude04 \ud835\uddf0\ud835\uddfc\ud835\uddff\ud835\uddfd\ud835\uddfc\ud835\uddff\ud835\uddee\ud835\ude01\ud835\uddf2 \ud835\uddfc\ud835\uddf3\ud835\uddf3\ud835\uddf6\ud835\uddf0\ud835\uddf2 \ud835\uddf0\ud835\uddfc\ud835\uddfa\ud835\uddf6\ud835\uddfb\ud835\uddf4 \ud835\ude02\ud835\uddfd \ud835\uddf6\ud835\uddfb \ud835\uddda\ud835\ude02\ud835\uddff\ud835\uddf4\ud835\uddee\ud835\uddfc\ud835\uddfb &#8211; Global MNCs like Meta [Facebook], Amazon, Hyundai to name a few have opened up offices in Gurgaon resulting in more people wanting to <strong>move closer to these offices.<\/strong><\/p>\n\n\n\n<p>\ud83d\udc49\ud83c\udffc\ud835\udde7\ud835\uddf5\ud835\uddf2 \ud835\uddee\ud835\uddf9\ud835\uddf9\ud835\ude02\ud835\uddff\ud835\uddf2 \ud835\uddfc\ud835\uddf3 \ud835\uddf9\ud835\uddf6\ud835\ude03\ud835\uddf6\ud835\uddfb\ud835\uddf4 \ud835\uddf6\ud835\uddfb \ud835\uddf4\ud835\uddee\ud835\ude01\ud835\uddf2\ud835\uddf1 \ud835\uddf0\ud835\uddfc\ud835\uddfa\ud835\uddfa\ud835\ude02\ud835\uddfb\ud835\uddf6\ud835\ude01\ud835\uddf6\ud835\uddf2\ud835\ude00 &#8211; Gurgaon offers plenty of options of living in &#8220;gated communities&#8221; across all categories from <strong>affordable to ultra luxury segments <\/strong>unlike Delhi which is more aligned towards bungalows, standalone building and housing colonies.<\/p>\n\n\n\n<p>\ud83d\udc49\ud83c\udffc\ud835\uddd9\ud835\uddee\ud835\uddfa\ud835\uddf6\ud835\uddf9\ud835\ude06 \ud835\ude00\ud835\uddf2\ud835\ude01\ud835\ude01\ud835\uddf9\ud835\uddf2\ud835\uddfa\ud835\uddf2\ud835\uddfb\ud835\ude01\ud835\ude00 &#8211; 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 <strong>an equally good or better property<\/strong> in Gurgaon and still be left with <strong>some surplus<\/strong>.<\/p>\n\n\n\n<p>\ud835\udde6\ud835\uddfc \ud835\ude04\ud835\uddf5\ud835\uddee\ud835\ude01 \ud835\ude00\ud835\uddf5\ud835\uddfc\ud835\ude02\ud835\uddf9\ud835\uddf1 \ud835\uddfc\ud835\uddfb\ud835\uddf2 \ud835\uddf1\ud835\uddfc \ud835\uddf6\ud835\uddfb \ud835\ude01\ud835\uddf5\ud835\uddf6\ud835\ude00 \ud835\ude00\ud835\uddf0\ud835\uddf2\ud835\uddfb\ud835\uddee\ud835\uddff\ud835\uddf6\ud835\uddfc \ud835\uddfc\ud835\uddf3 \ud835\uddd9\ud835\udde2\ud835\udde0\ud835\udde2\u2753<\/p>\n\n\n\n<p>\u00a0\u2733\ufe0f \ud835\udc08\ud835\udc1f \ud835\udc32\ud835\udc28\ud835\udc2e \ud835\udc21\ud835\udc1a\ud835\udc2f\ud835\udc1e \ud835\udc1a\ud835\udc25\ud835\udc2b\ud835\udc1e\ud835\udc1a\ud835\udc1d\ud835\udc32 \ud835\udc1b\ud835\udc28\ud835\udc2e\ud835\udc20\ud835\udc21\ud835\udc2d \ud835\udc2c\ud835\udc28\ud835\udc26\ud835\udc1e\ud835\udc2d\ud835\udc21\ud835\udc22\ud835\udc27\ud835\udc20 \ud835\udc25\ud835\udc1a\ud835\udc2c\ud835\udc2d \ud835\udc32\ud835\udc1e\ud835\udc1a\ud835\udc2b, pat your self on the back for timing the market well !! You never know if the markets let you get that feeling again!<\/p>\n\n\n\n<p>&nbsp;\u2733\ufe0f \ud835\udddc\ud835\uddf3 \ud835\ude06\ud835\uddfc\ud835\ude02 \ud835\uddee\ud835\uddff\ud835\uddf2 \ud835\uddf6\ud835\uddfb \ud835\ude01\ud835\uddf5\ud835\uddf2 \ud835\uddfd\ud835\uddff\ud835\uddfc\ud835\uddf0\ud835\uddf2\ud835\ude00\ud835\ude00 \ud835\uddfc\ud835\uddf3 \ud835\uddef\ud835\ude02\ud835\ude06\ud835\uddf6\ud835\uddfb\ud835\uddf4 \ud835\ude00\ud835\uddfc\ud835\uddfa\ud835\uddf2\ud835\ude01\ud835\uddf5\ud835\uddf6\ud835\uddfb\ud835\uddf4, don&#8217;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&#8217;t fret about missing the rally. The last thing you want is paying a premium &amp; buying something you don&#8217;t like.<\/p>\n\n\n\n<p>As rightly quoted<br>&#8220;&#8221;\ud835\uddd9\ud835\udde2\ud835\udde0\ud835\udde2 \ud835\uddfa\ud835\uddee\ud835\ude06 \ud835\uddef\ud835\uddf2 \ud835\uddee\ud835\uddfb \ud835\uddfc\ud835\ude03\ud835\uddf2\ud835\uddff\ud835\ude04\ud835\uddf5\ud835\uddf2\ud835\uddf9\ud835\uddfa\ud835\uddf6\ud835\uddfb\ud835\uddf4 \ud835\uddf2\ud835\uddfa\ud835\uddfc\ud835\ude01\ud835\uddf6\ud835\uddfc\ud835\uddfb \ud835\uddef\ud835\ude02\ud835\ude01 \ud835\uddf0\ud835\uddee\ud835\uddfb\ud835\uddfb\ud835\uddfc\ud835\ude01 \ud835\uddef\ud835\uddf2 \ud835\uddee \ud835\uddf6\ud835\uddfb\ud835\ude03\ud835\uddf2\ud835\ude00\ud835\ude01\ud835\uddfa\ud835\uddf2\ud835\uddfb\ud835\ude01 \ud835\ude00\ud835\ude01\ud835\uddff\ud835\uddee\ud835\ude01\ud835\uddf2\ud835\uddf4\ud835\ude06&#8221;&#8221;<\/p>\n\n\n\n<p>Follow us for more updates- https:\/\/www.linkedin.com\/company\/simplease-india\/<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The feeling has been accentuated by daily bombardment of news items like &#8220;DLF sells 1137 flats for over Rs. 8,000 crore within three days in Gurugram&#8221; https:\/\/shorturl.at\/clzIR &#8220;At Rs.13k crore, M3M India logs highest ever sales in FY23&#8220;. https:\/\/shorturl.at\/bkOZ5 This feeling of FOMO among consumers has been triggered by the spurt in prices in Gurgaon [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":784,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19,35],"tags":[57,64,46,89,70],"class_list":["post-779","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-gurgaon","category-leadership-insights","tag-gurugram","tag-gurugramrealestate","tag-homepurchase","tag-luxury","tag-simplease-2"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Understanding the &quot;FOMO&quot; in Gurgaon Real Estate Market - Simplease Insights<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/simplease.in\/blog\/?p=779\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Understanding the &quot;FOMO&quot; 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