Increase in NRI customers in Indian real estate market with depreciation in rupee

By Accommodation Times News Services

The Indian economy is recently witnessing financial drawback, rupee is steeply falling down against the US dollars, resulting to this NRIs are attracting towards the properties in India and are interested in investing in Indian real estate market.  They are seeking to buy properties in India as following the depreciation in rupee will benefit them with 20-25 per cent low rates while purchasing the property. NRIs want to pursuit this opportunity to invest in the country and gain good returns in future.

According to the developers and real estate agents, India every year witnesses 15-20 per cent investment from NRIs, usually NRIs from US, UK, Singapore, Hong kong and Gulf countries invest in Indian market.  Following the depreciation in rupees there is an increase in number of enquiries about 20 per cent from these countries. According to the experts of real estate market, NRIs are investing in the Indian market with a speculation that in near future rupee will bounce back and they can earn good returns at that time.

Properties in the metro and urban city are in demand like Mumbai, Delhi, NCR, Ahmedabad, Hyderabad, Bangalore etc. NRIs are searching for properties ranging from Rs. 75 lakhs to Rs. 2 crore, even resale flats are in demand.  The developers are expecting a good business from NRI customers in this year.

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