Okay, so Leh has very restricted property acquisition regulations. But I was wondering whether the growth in the real estate market in India can be "used" for cheaper living as an expatriate.
So this is sketch of my plan: What if you buy property in India and live in it for a couple of years, then when the expatriate wants to move on, sell the property at a profit. This way you can recuperate your investment and not spend it on hotels or hostels!
Just a weird thought! (Today India, tomorrow the world!!)
I would go with YS on this. As per law no outsider is permitted to buy land in L & K. Also this goes for Himachal Pradesh. The Worst part goes that our Constitution and other laws do not apply to the state of J & K. Some informative article for this """Jammu & Kashmir: The law concerning 'state subjects' was enforced in J&K on April 20, 1927, to prevent rich foreigners from purchasing land, to protect the interests of the peasantry. The law was later adopted by the state's democratically elected government. The law continued till 1957 when the new constitution of J&K was introduced and 'state subject' was changed to 'permanent resident'. Permanent Resident Status (PRS) was accorded to those who had been living in the state for at least 10 years before 14 May, 1954. The PRS was permanent and non-discriminatory. """