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We have seen the Gurgaon real estate market booming for the past three years. But now the market is showing signs of a slowdown. Most people understand that the real estate market bubble is going to burst, but that is not the case. Mostly, builders are attracting ultra-luxury clients and ignoring the middle segment. The number of ultra-luxury clients is limited, but builders are pumping supply. As a result, we are seeing a slowdown in the luxury segment but not in the middle segment, which ranges from 1 crore to 3 crore. Now, builders are realising their mistake and thinking of bringing projects of smaller-sized apartments with rational prices. We have discussed everything about the Gurgaon real estate market in this video. For more details, watch this video until the end.
Market Dynamics: The number of ultra-luxury clients is limited compared to the broader market. This oversupply in the luxury segment has led to slower sales in that category.
Shift in Strategy: Builders are now realizing their mistake and considering projects with smaller-sized apartments and more rational pricing. This shift aims to cater to the middle segment, which shows more stability and demand.
Future Prospects: By adjusting their strategies to offer more affordable options in desirable locations, builders hope to stimulate demand and stabilize the market.
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Builders Ruined Gurgaon Real Estate : • Gurgaon Real Estate Hi...
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