Indians buying houses massively in dubai

40% of this is from India and rest is all from Indians leaving abroad.

But still the number seems huge considering that this is only dubai.

Whereas, there is an industry limit of 7 billion dollars for overseas mutual funds and ETFs

Should the RBI increase the limit? One might as well but invest in stocks instead of bloated real estate abroad

From next year this may reduce. Budget proposes to impose TDS on all LRS transactions from next year