With growing scams and frauds in India, NRIs have become really worried about their properties in India. They have demanded legislation for protection of their properties in India. They also want fast track courts to resolve disputes relating to properties.
With gradual growth in scams over ancestral property, residential and commercial properties of NRIs/PIOs are reportedly making them walk away from investment in India in terms of property.
The Global Organization of People of Indian Origin (GOPIO), New York chapter and the Indian American Kerala Center discussed issues over the NRIs purchasing and selling properties in India. This meeting was chaired by GOPIO founder president Dr. Thomas Abraham. The meeting passed a resolution covering all similar issues and plans which was presented at the Regional ‘Pravasi Bharatiya Divas’ held in Los Angeles, in November 2015.