Rupee depreciation attracts NRI to invest in India realty
No Comments Sub Category:Uncategorized Posted On: Dec 19, 2011
The rupee depreciation in the past six months has gone to 20 percent and likely there are chances of property prices drop down by 20 percent.
In the same context the non-resident Indians (NRIs) are in a mad rush to invest in Indian realty sector as the rupee breached the Rs 54-mark against the US dollar.
The real estate experts say that there is 5 percent total sales from NRI’s and there are chances of good amount of cash flow to developers and builders.
Source: Hindustan Times
Tags:
Builders, Cash flow, Developers, Indian realty sector, Non-resident Indians (NRIs), Property Prices, Property prices drop down, Real estate experts, Realty sector, Rupee breached, Rupee depreciation, US dollar
