Just wondering what will happen to property bought for investment?
Just some of the recent Changes I have seen in Immigration Policy.
- Someone who is here for more than 7 years and > 15-18K combined family salary been rejected PR.
- A big banks' IT positions are not allowed to bring foreigners. Was applied EP, was at > 8K salary.
Till nowI have observed it for people from specific country. Not sure if its happening for all nationality.
Doesn't look like coming days will be good for property especially given incoming supply.
Some Idea whats going on @ MOM and ICA? Will they be opening the floodgates again in next few years?
Or will it be slow and steady abyss for rental properties?
That too in face of one of the British bank moving almost all of their IT operations to India . Whats the Govt intention?