Some of the realtors are now going out of the way to attract Indians living abroad. They believe that the job market insecurity abroad coupled with low residential prices back home, might revive the NRI interest in the Indian real estate market. Mr Anuj Puri, Managing Director of Jones Lang LaSalle Meghraj, agrees that despite turbulence in mature markets, the "emotional appeal" of buying a property in India may be stronger now, more than ever. "Another big factor is that the prices are getting more affordable here," he says but points out that many buyers are still waiting for property prices to fall further.

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