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Indian properties lure NRIs as rupee falls

As there has been a depreciation in the value of rupee, Non-resident Indians (NRIs) in the UAE are now interested buying properties in India.

Prior to the three-day Indian Property Show in Dubai, pre-launch bookings have been done by NRIs which has risen to 80 per cent in recent months.

The NRIs who have been investing in Indian properties are more interested in properties in Mumbai, Delhi NCR, Bangalore, Pune and Chennai accounting to 70 per cent.

According to Kapil Goyal of Nirmal Lifestyle, around 90 per cent of UAE’s NRI investors bought properties in India, with only 10 per cent of them investing in the UAE.

To read more real estate news:

Expats prefer Pune for property investing

NRI realty investments surge on dollar appreciation

Source: The Economic Times

2 Responses to “Indian properties lure NRIs as rupee falls”

  1. Sazid says:

    Thank you for an Informative Post written very well. Indian Property has one of the biggest Economy in Real Estate sector world widely. This Indian Property Market give a chance to make a future to people who thinks explore their world.

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