Why Gulf NRIs are investing less in Kerala property

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And it’s the real estate there that has taken a direct hit: “There was a 40-50 per cent drop in NRI (non-resident Indian) buying of homes in Kerala last year,” said Praveen Menon, Manager – Overseas at Skyline Builders, a developer with extensive interests in the port city of Kochi. “It was getting bad in 2017 as well, but last year proved an exceptionally tough time.

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