NRI investment in India is influenced by the depreciating value of rupee
The decrease value of rupee has positively influenced the demand from NRIs for residential properties in various cities across India, especially in Mumbai. Exporters and the NRIs are two categories which stand to gain from the weak currency, as they will receive more rupee funds on conversion.
Because of the rupee’s downward trend, real estate has become cheaper for NRIs and many of them are now actively seeking residential property investment opportunities in the financial capital.
The NRI investors are focusing on the current price and the potential value of the property in a particular city or a suburb.
As NRIs are not permitted to purchase plots of land, plantations, farm houses and even commercial real estate, investing in apartments or bungalows are the only options.
And with the decreasing price of Indian currency the cost of the properties in India become cheaper for the NRIs.
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NRI find firmness in Indian real estate investment
Source: Economic Times
Foreign investment, investing in apartments, Properties in India, Residential properties, residential properties in India, residential property investment
I absolutely agree that the decreasing value of the rupee sets up opportunities for NRIs to invest in India, especially in the real estate sector. Among all real estate in India, Bangalore and Pune hold the highest promise for good returns.
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