chandigarh the eurozone crisis seems to have hit real estate purchases in punjab hard due to reluctance of nris from europe to invest in the sector in the state real estate considered a natural investment choice for the nris originating from punjab has been affected due to the debt crisis in eurozone according to property analysts in the state they pointed out there has been a severe impact on new nri investment flow into real estate business for the last one month as immigrants are avoiding new investments into punjabs property market a favourite investment segment for them definitely fresh investments by nris of punjab origin into real estate sector have not been happening for the last month it is probably because of uncertain economic conditions prevailing in european countries kapurthala based real estate consultant parminder singh told pti property consultants who advise nris for investing into real estate here further disclosed that overseas indians are hesitant to dispense with surplus cash due to the poor economic situation and negative business sentiments punjab nri sabha president kamaljit hayer said nris who are engaged in different trade and commerce activities in european countries like the uk holland etc are facing problems in raising money for their businesses and this was having a bearing on real estate investments in the state banks in foreign countries have tightened the money supply to businessmen which have made the task for them nris to carry out their routine business activities difficult he said hayer said nris are engaged into several business activities like farming construction ready made garments etc the period between october and december is considered as peak investment period for nris investment into real estate sector of punjab currently over 2 lakh nris who migrated from jalandhar kapurthala nawanshahar ludhiana hoshiarpur and other parts of punjab are living in other countries according to an estimate lack of nri investment into property market has also had a negative impact on overall property business in punjab only end users are preferring to buy property investors are missing from property business said chandigarh property association president k s panchhi