My first 3BHK: Luxury Homes, good idea?

Luxury Homes in Delhi feels like a gamble right now, honestly. My parents keep saying it's peaked, but I'm seeing some promising options. I'm looking at a 3BHK, trying to figure out if it's still a good investment or if the prices are just too inflated already. Is this micro-market still undervalued ya ROI ab mushkil hai? I'm thinking of a long-term hold, maybe 7-10 years. Should I be looking at specific sectors within Luxury Homes for better value, ya sab jagah same scene hai? Kya kisi ko recent experience hai with property appreciation here? I'm seeing prices around ₹3-5 Cr. Not sure if that's the sweet spot. Any projects or builders that stand out for value right now? Matlab, where can I get the best bang for my buck without too much risk?