You are so wrong. I interact with NRIs and know EVERYONE is investing in India and esp. so in RE. One of them from IT Industry drawing 45+ lakhs p.a. (after returning to India) has stared to be a builder himself. LOL.
NRIs have no other investment avenue in the country they live in which can yield this kind of returns.
.gif "Bab (6)")
Quote:
Originally Posted by boldm28
I think it is the local market and not the NRI's who are buying properties . come one guys NRIs wont buy properties in India cause either they are already having property in their adopted country , they cannot make two payments one in India and other outside India . property prices are driven up by speculators . people who think prices might go up and they buy and so they dont want to sell their property for no profit non loss so they hang on to it .
|