| Real estate market in India is thought to be | | | | |
| one of the most stable markets. It will not | | | | It all started with Gurgaon. It was a |
| be an exaggeration to say that by any | | | | non-descript place when a couple of builders |
| standard it is the most stable. Barring a | | | | of repute moved during early eighties. They |
| crash in mid-nineties when properties fell to | | | | had had a foresight and now they are reaping |
| as low as 50% of their previously prevalent | | | | the benefits. No common man would have |
| prices the appreciation of the capital parked | | | | imagined that the capital of India had to |
| in property is a sure shot. Did the demand | | | | spill over beyond its frontiers and even |
| suddenly dry up? One wondered. | | | | farther away. |
| | | | |
| In a fast developing economy like India where | | | | The builders of yore had started with plotted |
| housing is too short to meet up the need | | | | housing as flats in India or apartment |
| there will always be houses for sale India | | | | culture had not set in. But all that has |
| unlike homes for sale in the developed West | | | | changed. Now the culture is very well |
| where supply exceeds the demand. As the | | | | entrenched into not only NCR real estate |
| current trend would have it the building | | | | market but even hundreds of kilometers away. |
| mania has virtually taken over the Indian | | | | |
| housing scene. As middle class in India | | | | Thus national highways originating from Delhi |
| prospers and banks come forward to meet up | | | | are the feverish centres of building |
| the aspirations the demand for housing is | | | | activity. This is followed by the areas |
| unprecedented. | | | | flanking the new and upcoming expressways, |
| | | | which are attracting builders and real estate |
| Delhi-National Capital Region (NCR) is the | | | | activity like never before. |
| hub of the building activity. The buck in | | | | |
| housing begins here and the spread out across | | | | The north, the west and the south of India |
| all the directions is breakneck. | | | | have come under building spell. |