Noida Extension mein luxury segment ki pricing, is it sustainable?

Noida Extension mein luxury projects ki pricing analyse kar raha tha. M3M India aur Godrej Properties ke rates, especially for 3BHKs in Sector 163, seem to have a significant premium. My observation is that while the overall market sees 5-10% p.a. growth, the luxury segment appears to be priced much higher, sometimes without a clear demand driver. Is this premium truly reflecting end-user demand ya it's more about builder positioning? From my experience, such sharp spikes often precede a period of stagnation. What's the real absorption rate for these high-ticket properties? It feels like a calculated risk for buyers.