The real estate market in many countries offers very lucrative investment prospects, with various offers and options. Apart from that, Indians buying property abroad can often avail of citizenship in the host country. This factor has considerable aspirational value.
The aspiration factor aside however, property in more and more locations within Indian metros has become enormously expensive. Moreover, interest rates for bank loans are already proving to be a stumbling block and may rise further with the future revision of RBI norms. In comparison, an Indian wishing to buy a property in New York, London or Singapore can avail of the considerably lower interest rates of local banks in those countries.
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