Hi Vikram ,
I read several articles that are saying that if we buy a house in Aborad also we get tax break on capital gains please read following articles(links to articles ) and let me know what is right even read the article posted by rasmi in this forum buy a house abroad and save tax here
http://sify.com/finance/tax/fullstory.php?id=14518226
Regards,
Savithri