It depends on whether you need that property now and whether u can afford it. 1. If u don't need property now and considering only as investment, answer is NO. You can wait for correction. Get a general feel in sourrounding areas. Is there any "real" change in cicrumstances around Adnheri or is it just the current trend? Also consider, whether its affordable to u now or u can consider other nearby areas that offer cheaper houses. 2. If you need a 1BHK house now as a priority, buy that is affordable to you. You may have to consider nearby cheaper areas. Once you settle in that house, over a period of time (5-10 years) the value will definately be much higher! At that time, u can consider another bigger house with additional savings and cash earned from this house.