Insights · Issue 01 · MMXXVI

The Obsidian
Review.

A private real estate magazine
32 notes · Gurugram & New Delhi
Each ends with the founder's take

The ₹100 crore apartment is here. What it means for the rest of the market.
Market study · July 2026 · The cover story

The ₹100 crore apartment is here. What it means for the rest of the market.

DLF's The Dahlias sold past ₹15,700 crore, one family took four flats for ₹380 crore, and the ceiling on Golf Course Road quietly disappeared.

Read the cover story

Three corridors, three markets. Where Gurugram's money is actually going.

Market map · July 2026

Three corridors, three markets. Where Gurugram's money is actually going.

Golf Course Road, the Extension and Dwarka Expressway are not one market. The right corridor depends on whether you buy to live, yield or hold.

The Camellias resale market: how the old benchmark trades now.

Segment · July 2026

The Camellias resale market: how the old benchmark trades now.

With ₹100-crore launches raising the ceiling, the tower that set the previous record is being repriced. What a floor really moves at today.

Gurugram 2026 to 2030: an honest look at where prices go from here.

Outlook · July 2026

Gurugram 2026 to 2030: an honest look at where prices go from here.

After years of strong gains, is there room left? A measured forecast, corridor by corridor, with the risks stated.

Dwarka Expressway: how one road rewrote Gurugram's map.

Infrastructure · June 2026

Dwarka Expressway: how one road rewrote Gurugram's map.

India's first eight-lane elevated urban expressway is open end to end. The corridor it created is now among the busiest housing markets in the country.

Global City and India's tallest tower: Gurugram's most ambitious bet.

Infrastructure · June 2026

Global City and India's tallest tower: Gurugram's most ambitious bet.

Haryana has cleared a 600-metre-plus skyscraper for Global City on the Dwarka Expressway. What a landmark of that scale does to the land around it.

DLF Privana: the sell-out that proved the mid-luxury appetite.

New launch · June 2026

DLF Privana: the sell-out that proved the mid-luxury appetite.

DLF's Privana South and North on the SPR moved fast and big. What the demand says about the buyer beneath the ultra-prime headlines.

The luxury rental market: what a trophy home actually earns.

Yield · June 2026

The luxury rental market: what a trophy home actually earns.

Rental yields on ultra-prime homes are thin, but the tenant profile and resale upside change the maths.

The diligence file we run before you ever see a home.

How we work · June 2026

The diligence file we run before you ever see a home.

Title, encumbrance, approvals, litigation. The unglamorous work that decides whether a deal is a home or a headache.

The rise of the woman buyer, and the stamp-duty incentive worth knowing.

Trend · June 2026

The rise of the woman buyer, and the stamp-duty incentive worth knowing.

More luxury homes are being bought in women's names, for reasons both personal and practical.

Southern Peripheral Road: where Gurugram is manufacturing its next luxury belt.

Micro-market · May 2026

Southern Peripheral Road: where Gurugram is manufacturing its next luxury belt.

SPR and the Golf Course Extension are where the new towers rise and appreciation is made. The momentum, and the caveats.

What a builder floor in DLF Phase 1 actually costs in 2026.

Market note · May 2026

What a builder floor in DLF Phase 1 actually costs in 2026.

Registered transactions, not listing prices. Block by block, with the park-facing premium made explicit.

Commercial and pre-leased: the yield play behind Gurugram's skyline.

Commercial · May 2026

Commercial and pre-leased: the yield play behind Gurugram's skyline.

Offices, retail and pre-leased assets earn what homes cannot. How the smart money treats Gurugram's Grade-A stock.

Senior living moves upmarket, and the big developers have noticed.

Segment · May 2026

Senior living moves upmarket, and the big developers have noticed.

Premium senior living is one of the fastest-growing residential segments in India, and DLF and others are reportedly moving in.

Gurugram or Noida: the honest comparison the brochures won't give you.

Outlook · May 2026

Gurugram or Noida: the honest comparison the brochures won't give you.

Two NCR giants, two very different markets. Where each wins, and which suits which buyer.

Golf Course Extension: the corridor that grew up.

Micro-market · May 2026

Golf Course Extension: the corridor that grew up.

Once the cheaper cousin of Golf Course Road, the Extension has become a luxury address in its own right.

The new developers: how M3M, Signature Global and Smartworld broke the monopoly.

Developers · April 2026

The new developers: how M3M, Signature Global and Smartworld broke the monopoly.

For years one developer owned Gurugram luxury. A new generation has broken it open, from Jacob & Co towers to Lamborghini residences.

The NRI's guide to buying in Gurugram, without flying in.

Guide · April 2026

The NRI's guide to buying in Gurugram, without flying in.

Power of attorney, TDS, repatriation, and how we run diligence and viewings for buyers in London, Dubai and Singapore.

Golf Course Road: the corridor where Gurugram keeps its money.

Micro-market · April 2026

Golf Course Road: the corridor where Gurugram keeps its money.

Established, liquid, and priced accordingly. Why the core corridor behaves differently from everything around it.

Delhi's farmhouse belt: the market that never makes the headlines.

Segment · April 2026

Delhi's farmhouse belt: the market that never makes the headlines.

Westend Greens, Sultanpur, Chattarpur. Acreage in Delhi's gated green belt trades quietly, and at numbers that surprise people.

Capital gains when you sell: the tax that decides your real return.

Investment · April 2026

Capital gains when you sell: the tax that decides your real return.

The gain on paper is not the gain in hand. How property capital gains work, and the reliefs that matter.

Independent floors and villas: the quiet preference of the Gurugram elite.

Segment · April 2026

Independent floors and villas: the quiet preference of the Gurugram elite.

For all the tower launches, a large part of the city's wealth still prefers a floor or a villa it does not share.

Stamp duty, circle rates and registration in Haryana: the costs nobody quotes.

Guide · March 2026

Stamp duty, circle rates and registration in Haryana: the costs nobody quotes.

The sticker price is not the price. A clear walk through the transaction costs on a Gurugram purchase.

Why plotted land still quietly outperforms.

Segment · March 2026

Why plotted land still quietly outperforms.

In a market obsessed with towers, plotted developments and independent plots have delivered some of the steadiest long-term returns.

REITs, fractional ownership and the institutionalisation of Indian real estate.

Investment · March 2026

REITs, fractional ownership and the institutionalisation of Indian real estate.

You no longer need a hundred crore to own a slice of Grade-A. What the new instruments do well, and where they fall short.

The green premium: why sustainable buildings are starting to price higher.

Trend · March 2026

The green premium: why sustainable buildings are starting to price higher.

Certified green towers command a premium and rent faster. What was a marketing line is becoming a valuation input.

Financing a luxury home in 2026: rates, LTV, and when cash still wins.

Guide · March 2026

Financing a luxury home in 2026: rates, LTV, and when cash still wins.

Even buyers who can pay cash often shouldn't. How high-value home loans actually work, and where leverage helps.

RERA, explained for the buyer who actually wants protection.

Guide · March 2026

RERA, explained for the buyer who actually wants protection.

RERA changed the rules for under-construction property. What it protects, what it doesn't, and how to use it.

Stilt + 4: what Haryana's policy really changed.

Analysis · February 2026

Stilt + 4: what Haryana's policy really changed.

The fourth floor altered the arithmetic of every plot in DLF Phase 1 to 5. Who gains, which NOCs matter, and what buyers should check.

How to sell an ultra-prime home quietly, and for more.

How we work · February 2026

How to sell an ultra-prime home quietly, and for more.

The instinct is to list everywhere and wait. For a trophy home, that is exactly wrong.