India, Feb. 13 -- If you're reading this, congratulations! You've resisted the FOMO in India's red-hot housing market. But if you're still house hunting, here's the truth: prices are not likely to drop. That doesn't mean you can't grab a good deal. Read on to find out how.

Don't hold your breath if you're waiting for a price correction. New projects from trusted developers sell like hotcakes, and inventory remains comfortable. Propequity, a real estate data platform, shows that the unsold inventory of new launches in top metros is far from alarming. Even in Gurugram, where prices have doubled in two years, supply is tight.

I prefer to focus on long-term trends. Since 2019, NCR prices have surged 212%, with inventory shrinking to 11 mont...