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    Study the following information to answer the given question.

    As more and more NRIs  invest in property in city A, more than 1,00,000 flats are lying vacant even as a large number of people struggle to get good accommodation in the city.

    Which of the following statements represents the best possible course of action in order to deal with the situation ?

  • A vacancy tax should be introduced in order to compel the owners to at least rent out the property.
  • Purchase of property should not be allowed unless it is used for self-residential purpose.
  • No NRI should be allowed to invest in property anywhere in India in order to protect the interests of the residents.
  • Residents of City A should be advised to reside in neighbouring cities where the population density is comparatively lower
  • Property prices should be decreased considerably by the government in order to allow everyone to buy as many properties as possible.

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