The HDFC rules are so strange. They have income limits, but not resale price limits. They are priced lower than “market” rate apartments becuase the resale restrictions are a hassle for sellers — I put market is scare quotes becuase they are themselves their own market. So they bascially *exist* to be sold in exactly Kendall’s situation: someone with a low(slash reasonable?) income, but cash on hand to buy. And as long as the cash available to this group of people increases, the price of HDFC units will increase.