mishthi

All these encouraging policies for NRI have no doubt given a boom to foreign investments in Indian real estate sector. But at the same time this is one of the important reason, as I think, that have given the present hike to real estate prices in some of the important locations in India.

This simply has created a competition in front of Indians with limited incomes in comparision to NRI 's foreign earnings. As a result of sky touching prices of property, it has become difficult for an average Indian to think of buying a piece of immovable property specially in good locations (which I would say has been captured by non resident Indians!!)