^ These investors are buying a second/third flats for investment. But NRI's (Non Resident Indian's) or even politicians channelising their black money into the real estate sector in the way of second/third flats for investment. Their lobby is very very strong.
^ Foreigners are not directly allowed to buy plot of land in India. But, the foreign money entering the housing sector is used for nothing else but buying plot of land. Between the financial year 2008 and till September, 2011 this around, above Rs. 43,000 crore of foreign investment has flown into the Indian housing sector.
^ There have been controversial deals for FSI (Floor Space Index) where a higher number of floors has been allowed for a single apartments. In such cases, the cost per flat must come down as the cost of the plot of land remains the same. But this benefit has not been passed on to the buyer, thus inflating the total value of the plot of land.
^ We have today is a system only for property investors, who can get full tax exemptions on interest if they rent the property out. But a first time house buyer has exemption only up to Rs.1.5 lakh interest payments.
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