K P Singh gung ho on Gurgaon - <b>Video</b>

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"Gurgaon is a success story today...When a habitation succeeds, there is self-sustaining development. With the new highways coming in - the national highway will be complete in the next few months - metro will be there by 2010 and if you see the highway network, there will be more access points, better connectivity. Also, there is major upgradation in infrastructure underway there, all of which means the growth will continue," K P Singh, chairman, DLF, said in Mumbai this morning afer the listing of the company's shares on the Bombay Stock Exchange (BSE).

"The obvious thing about growth is it will result in an escalation in prices...On the other side of Gurgaon is Manesar where two major SEZ's are coming up, one by Reliance and the other by DLF," Singh added.

"Coming from Delhi, if you look around wondering where the growth is happening, you will see it is Gurgaon... So much so that I would say in Gurgaon, the real estate price will differ from road to road, depending on the infrastructure and other things," he said.

"The point therefore is not whether there will be a 10% dip in prices...
I would say that there may be an aberration or a correction, but overall there will always be an upswing," Singh said.