After clocking appreciation of 40 to 50 per cent in a time period of 18 to two years because of its investors, the residential properties at Gurgaon are now actually under consolidation mode. Simply take DLF Icon, as an example. This residential development was launched in 12 months 2004, providing apartments on cost of Rs 2,750 per sq. ft. A couple of years down the road, property values right here reached the staggering amount of Rs 4,900 per sq. ft. An appreciation of 33.48 percent throughout the launch price! But into the duration between 2006 and 2007, property value as of this real estate companies development expanded within rate of meager seven percent, peaking within level of Rs 5,250 per sq. ft.