It was just some time back, premium properties in Gurgaon clocked an appreciation of about 50% in a short period of just 18-24 months for its investors. Gurgaon had become a benchmark in the country for its capacity to generate astounding returns on investments. But market dynamics have turned the tide today.
Earlier, newly-launched premium housing projects attracted the attention of High Networth Individuals (HNIs), NRIs, corporate honchos and businessmen. Take DLF Icon, for instance . This residential project was launched in 2004, offering apartments at Rs 2,750 per sq. ft. A couple of years down the line, property values here reached the staggering level of Rs 4,900 per sq. ft. An appreciation of 33.48 per cent over the launch price!
