VIDEO INTRODUCTION:In this episode of the Indian Business Podcast, we speak with Vishal Bhargava, a real estate journalist, to uncover the truth behind Gurugram’s booming property market, which is driven more by speculation than actual housing demand. While headlines claim projects are sold out within hours, the reality is that many flats are bought and resold multiple times before construction even begins. Vishal breaks down how trader networks dominate the market, how builders intentionally delay construction to keep prices rising, and why ₹1.3 lakh crore worth of inventory remains unsold despite being fully booked. We explore how DLF built India’s first private city with real infrastructure, and how today’s Gurugram thrives on perception, scarcity, and the constant hope of price appreciation. This episode is a revealing look into how India’s most aspirational city has turned into a massive speculative engine, hiding risk behind the illusion of unstoppable growth.