INSUBCONTINENT EXCLUSIVE:
Rupee is hovering near 73 against the US dollar since the past one week.A fluctuating rupee, and introduction of various regulations to
bring in transparency and accountability, are making real estate more lucrative for non-resident Indians (NRIs), experts say
Rupee is hovering near 73 against the US dollar since the past one week
"The drop in rupee can be seen as an investment opportunity for individual buyers as well as institutional investors
introduced that brought transparency and accountability in the sector," CBRE Chairman, India, South east Asia, Middle East and Africa
Anshuman Magazine told PTI here.With the real estate industry estimated at about Rs 3 trillion annually, about 7-8 per cent of the inventory
is being bought and held by NRIs each year."This amounts to about Rs 21,000-30,000 crore of annual purchases by NRIs each year
it is being estimated that this consumption will rise to about 10-12 per cent
"Hence 3-5 per cent increase in NRI consumption of residential and commercial inventory will further boost project sales and suck up
fall) is adeja-vu of sorts as it is the same as the scenario the country witnessed in 2012
"Home buying is regaining traction, RERA has made it better and in a situation where property prices at primary level are down by 10-15
portal Zvesta.com's founder Rajan RPT Rajan Dang seconded that, saying fall in the rupee will definitely boost the demand of properties in
also getting much benefit through this with their increase in traffic numbers from day to day
NRIs are easily searching for the best properties in India with having a golden opportunity to buy itat an affordable price," he
both domestic and global markets, has received almost 100 bookings from NRIs, which is 20 per cent of total inventory, averaging a total
to lesser dependence on finance and lesser outgo of EMI," Omkar Realtors director Devang Verma said
"We see investment interest bouncing back as expat Indians are not only keen on purchasing a home in their homeland, but have also shown an
TheIndianSubcontinent staff and is published from a syndicated feed.)
