apart from biting cold weather of the capital lack of enthusiasm among overseas indians to buy properties in india has further dampened spirits of some of the realty firms as well as around half a dozen banks which put up impressive stalls outside the venue of the recently concluded pravasi bhartiya divas pbd at vigyan bhavan of course realty firms were trying to woo the pravasis to buy their products while banks were ready to clear their home loans then and there but both got a rude shock in a way it was a departure from earlier pbd meets when a large number of nris used to book their properties in various parts of the country so what went wrong this time round why arent the nris taking any interests in the upcoming projects of realty firms are they facing a financial crunch after taking to several nris at the meet one thing has clearly emerged that a reallife version of khosla ka ghosla is being played out with an increasing number of nris a furious naresh chopra a nri from america said that he had booked one flat in gurgaon in a project of a very wellknown realty player he had also been paying whatever money the realty firm was asking of him despite that there was no progress on the project the realty firm failed to deliver the flat to him which they promised to hand over almost a year ago while narrating his tale he also said he would take up this matter with vayalar ravi overseas indian affairs minister complaints of real estate deals going sour illegal encroachment and unauthorized occupation of properties have flooded the officials of ministry of overseas indian affairs during this pbd property dispute is one of the most common complaints by nris they are unable to protect their property due to long absences or lack of awareness of laws vayalar ravi admitted moreover some realty firms are not delivering them their flats on time the largest number of complaints is from major real estate markets like delhi mumbai bangalore and also from andhra pradesh kerala and punjab the nature of the complaints are mainly over protection of properties that have been forcibly occupied or encroached disputes relating to division of property or inheritance and cases where investors have been cheated by real estate developers though there was a session on property disputes at the pbd only assurances were given to harassed overseas indians by officials navin raheja cmd of raheja group who had a stall at the pbd venue admitted that the nri response was rather cold they seem to be reluctant to invest here as some unscrupulous developers have duped them of their money by not delivering projects at all or in some cases projects have got inordinately delayed as well these factors have contributed towards a comparative lack of interest on part of overseas indians he admits r k arora cmd of supertech group admits that