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Indian realty, NRIs gain while rupee depreciates

1 Comment Sub Category:Delhi-NCR,Hyderabad,Realty News Posted On: Jun 27, 2012

The rupee value has decreased significantly in the recent time, with the recent exchange value recorded as Rs 60 for a dollar. However, falling rupee is a boon on the part of realty of India and NRIs.

Builders are getting plethora of enquiries from NRIs to purchase properties. The number of sales of properties in India has increased.

NRIs are benefited as they can buy properties at a 20 per cent cheaper rate due to the 20 per cent depreciation in rupee value. A villa worth Rs 2 crore is available at Rs 1.5 crore due to the fall in rupee value.

Most of the enquiries that Hyderabad realty has been getting are to purchase villas and flats in Madhapur, Kondapur, Gachibowli, Manikonda, Tellapur etc.

The demand for flats and villas has gained speed in this year along with which the sales volume also has increased. Vision Avenues sold 5 villas in a month while SMR Holdings Ltd. alone has sold around 200 flats since January.

To read more real estate news:

GHMC seeks support from corporates

HMDA to open Outer Ring Road stretch in July

Source: Deccan Chronicle

One Response to “Indian realty, NRIs gain while rupee depreciates”

  1. [...] Indian realty, NRIs gain while rupee depreciates [...]

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