Are Sector 5 Gurugram property prices justified?

Since last year, I've been eyeing properties in Sector 5, Gurugram for my own family. Even though I'm in real estate, the current prices for a 3BHK feel insane, almost ₹2.2 Cr for some flats. Is that justified, or are people just paying up? Also, how bad is the waterlogging there during monsoon? I've heard stories; need real resident experiences.