Reportedly, the village of Calabria is offering up to €28,000 (INR 24,73,744) to people who are willing to shift there for a maximum period of three years.
In the past few years, several villages have been facing the similar issue, and have been selling homes for just €1 without any deposits.
However, unlike other places, Calabria will pay a home buyer around INR 24.75 lakhs to relocate there and stay for up to three years.
The only condition is that the buyers need to be under the age of 40, and will be required to a new business in the village to boost its economy, which is also facing the depopulation problem. One can either start a new business or takeover the pre-existing ones.
Further, those who are willing to relocate, will have to do so within 90 days of their successful application.