It means "It is possible that you are in the process of buying a house in India". Which part of the sentence confused you?
Note my amendments to your post, marked in red above. Remember:
- Start every sentence with a capital letter.
- End every sentence with a single punctuation mark (full stop, question mark, exclamation mark).
- Always capitalise the word "I" (first person singular)
- Always capitalise proper nouns (ie India, England, London, Delhi)