The record decline in the value of the Indian rupee and sluggish realty market has proved to be a double delight for overseas Indian investing in property here. Ever since the Rupee started depreciating, the Non Resident Indian (NRI) community has renewed its interest in the currency since it does business in dollars.
Since August, the Indian currency has weakened nearly 20 per cent against the US dollar. According to the companies, analysts and consultants, this has triggered a substantial rise in the volume of property related enquiries from NRIs.
Since August, the Indian currency has weakened nearly 20 per cent against the US dollar. According to the companies, analysts and consultants, this has triggered a substantial rise in the volume of property related enquiries from NRIs.
After a long time now NRI investors are looking to invest in Indian real-estate, as rates offered to them were best and at par with the local investor, and this scenario is an additional advantage to them. Invest in property is the best option as compared to other alternatives, as infrastructure projects like developing expressways are also giving a good boost to this market. NRIs will surely benefit in terms of value by at least 20 per cent (equivalent to the depreciation in Rupee in recent times) by investing in the sector.
As the NRI’s pay in dollars the depreciating value of the rupee has been beneficial to them. It is analyzed that if the value of the depreciated rupee is summed up to the concessional value offered by the builders then the new homes that are built in India would turn out to be cheaper by 30% in terms of dollar.
In order to avail all these benefits, the NRI investors need to take their decision faster as he sees the prices in the real estate sector going up by 20-30 per cent in a few months time, especially in the wake of ever growing demand for infrastructure development. The depreciation in Rupee value vis-a-vis the Dollar, there is direct financial advantage to the NRI community for making investments in the real estate segment at present.
For more information call: 75075 76000.
In order to avail all these benefits, the NRI investors need to take their decision faster as he sees the prices in the real estate sector going up by 20-30 per cent in a few months time, especially in the wake of ever growing demand for infrastructure development. The depreciation in Rupee value vis-a-vis the Dollar, there is direct financial advantage to the NRI community for making investments in the real estate segment at present.
For more information call: 75075 76000.
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