Gurgaon’s crumbling infrastructure isn’t depressing property prices—it’s inflating them, argues credit analyst Kunal Sehgal, flipping conventional wisdom on its head amid a record real estate surge in the city.

“They say Gurgaon real estate is overpriced because of bad infrastructure,” Sehgal wrote on LinkedIn. “What they don’t realise is that it’s because of the poor infrastructure that prices are rising.” Advertisement

Sehgal’s contrarian view comes as Gurgaon real estate becomes the second-most expensive in India, trailing only Mumbai. Average rates in premium sectors now range from ₹16,000 to ₹20,000 per sq ft, with properties like DLF Magnolias touching ₹10 crore for a 4BHK. Even mid-tier sectors start around ₹5,500–₹7,000 per sq ft.

The reason, Sehgal argues, is commuter gridlock

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