Rupee depreciation
The decline in Indian rupee has been seen as a benefit by developers of India. Developers have long targeted the non-resident Indians or NRIs, who are often tempted to buy property in their country of origin. The rupee has fallen nearly 18 per cent over the last one year, to trade at around 55.48 rupees [...] Continue Reading »
The depreciating rupee may be a concern for the economy, but it has become a disguised boon for builders in Mangalore. In the past three weeks 16 new projects totalling a minimum of thousand apartments have been launched indicating robust demand and stepped up activity in the construction sector in Mangalore. Mangalore chapter of the [...] Continue Reading »
According to a recent report from Prabhudas Lilladher, property sales registrations in Mumbai in the first quarter of the current fiscal were up six per cent on a sequential basis. The report stated that March-May period saw registrations crossing the 5,000-mark. NRI-led demand due to significant weakening of the rupee may have played its part [...] Continue Reading »
India has witnessed a rise in number of NRIs investing on properties. The dollar appreciation has given a further push to demand from NRI’s for investment in residential properties. With the real estate becoming cheaper for NRIs, many seek to invest in residential properties in two-tier cities such as Pune, notes Om Ahuja, CEO – [...] Continue Reading »
With the rupee value drop down many Indians who have settled down in foreign countries are looking forward to invest back home in India. People settled in Singapore repent for not having invested on the properties years back when prices were low. Now, in foreign countries the government is imposing taxes to deter foreign buyers. [...] Continue Reading »
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 [...] Continue Reading »
