Crazy high prices … “real estate prices in Gurgown rises where NRIS rises to foreign profits to real estate

Reddit posted concerns about the high real estate prices on the Indian metro, especially Gurgown, sparked a blame for the boom for NRIS to return with external profits.

The discussion was launched by NRi, which, three years later in the United States, is planning to return to India due to the increased visa obstacles. “I am concerned about the price of crazy high real estate in cities like Gurgown, where NRIS appears to be coming from double -income families or vast years of profits in the United States increases costs,” he said, adding that saving the house now feels arduous.

This anxiety comes amid a wave of the United States’ rejection and technology that drives NRIS to stop its savings in the real estate market in India. As a result, cities such as Gurgown and Bangaluru have witnessed real estate prices, and benefit some investors, but they pressure both local population and return NRIS from the market.

The post addressed sharp responses from other users. “Even in Hyderabad, job and real estate markets are increasing with the distinguished number of NRIS between the United States,” one of the commentators. Another advised, “Extending your stay in the United States as much as possible to provide an introduction batch. Gorgown is exaggerated and the bubble will explode. In addition, rental revenues are low, and the tenants have many options.”

Others have argued that excessive pricing is not limited to Gurgown. “Real estate in India, especially in the cities of the first level, is exaggerated. Do not buy-rent if you have to do so,” one of the users wrote, also referring to two main drivers of the demand: jobs with large wage in higher multinationals, and the attractiveness of gates that offer comfort in the first world in urban transformation otherwise.

All over the main cities in India – from Mumbai and Delhi to Hyderabad and Bon – real estate prices have risen to record highlands, beyond income growth. For home buyers for the first time, especially those who do not have a wealth of generations or external profits, the dream of having a house is increasingly slipping. Experts warn that unless the supply is preceded or the speculative demand is cooled, this trend can close an entire generation of the housing market.