Here's a link to an article from Oct 2009 describing some proposed changes to the Indian Tax code (to be effective in 2011). The third page contains material of interest to real estate investors, particularly NRIs. The new Tax code may turn out to be another factor that helps bring down real estate prices in India.

http://business.rediff.com/slide-show/2009/oct/28/slide-show-1-india-hits-nris-below-belt-with-new-tax-code.htm#contentTop
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  • Hi Alok,
    This is really very good info shared.

    Does it really mean that Indian Real Estate will get a Hard hit in 2011 ??

    What about those who have already applied for Loan and getting tax Benifit? Will they still get the benifit ??
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