Can NRIs buy Home in India?
Accordingly in order to ensure house for all, the madras high court has proposed ban on non-resident indians from purchasing houses in india, prohibit speculative sale, and impose 100 per cent extra stamp duty on purchase of second house.
Meanwhile the court on its own impleaded the Union housing and finance ministries as party respondents. It has directed them to answer a series of questions including as to how many families have basic amenity of housing in india as well as in tamil Nadu, population and housing ratio in the country and in the state, when 'Housing for All' mission of the central government would be achieved.
"Why the government does not consider imposing such restrictions to control escalation of house prices and to provide a house to every family in the country, a division bench of Justice N Kirubakaran and Justice Abdul Quddhose wondered.