‘High crazy prices …’: The prices of Gurgaon’s properties are triggered as Nris’s foreigners in real estate return in real estate

A Publication about Reddit has revived concerns about the prices of the properties fired in the Indian meters, particularly Gurgaon, and many blame the Nris increase that return with profits abroad.

The discussion was initiated by an NRI that, after three years in the United States, plans to return to India due to the increase in visa -related obstacles. “I am concerned about the crazy prices of high properties in cities such as Gurgaon, where the NRIs that come from two -income families or vast years of profits in the US. UU. They seem to be increasing costs,” the poster wrote, and added that providing a home now feels discouraging.

The concern occurs in the middle of a wave of US visa rejections and technological dismissals that push Nris to park their savings in the real estate market of India. As a result, cities such as Gurgaon and Bengaluru have seen the prices of the properties fly, benefiting some investors but squeezing both the premises and when returning the NRI of the market.

The publication obtained acute responses from other users. “Even in Hyderabad, both work and real estate markets are warming up with the number of Nris returned in the United States,” said a commentator. Another advised: “Extend its stay in the United States as much as possible to save for an initial payment. Gurgaon is overvalued and the bubble will explode. In addition, rental yields are low and tenants have many options.”

Others argued that supercharging is not limited to Gurgaon. “The real estate in India, especially in the cities of level 1, are very expensive. Do not buy, rent if necessary,” wrote a user, while indicating two key drivers of demand: high payment works in the main multinational companies and the attraction of closed communities that offer first world services in urban infrastructure in another way that would be made in urban infrastructure.

In the main cities of India, from Mumbai and Delhi to Hyderabad and Pune, real estate prices have risen to maximum records, far exceeding income growth. For housing buyers for the first time, particularly those without generational wealth or profits abroad, the dream of having a house is increasingly sliding out of reach. Experts warn that, unless the supply is updated or the speculative demand cool, this trend could block a complete generation of the real estate market.