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Property in India cannot by bought by foreign nationals if it could be then vast portions of real estate in India would find itself in the hands of foreigners who would put their self-interest before that of our country. The strategy of artificially driving up prices and selling at the cusp to enrich oneself at the expense of others is a well-known strategy in the west.
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Eventually and faster than one will realize, most of the most important realestate in Indiawill fall in the hands of fewer and fewer people.
The trend that occurred in North America and Europe a century ago is destined to happen in India as well.
This is the eventual outcome of the commercialization of all land that fits a commercial purpose, such as, the purchasing of large tracts of land for farming to erecting software parks in land that is in proximity to residential property in India.
