Decline in the rupee a good sign for NRI Investing in India

The decline in the rupee might not be a good sign for the Indian economy but enquiries from NRIs for buying property in India have risen. Online real estate portals have seen increase in traffic in last few months.

Business Standard, reports “Weak rupee draws NRIs to Indian realty-The enquiries from NRIs for buying property in India have risen by 15-20% .” Real estate experts and online portals like Realistic Realtors, Strategy & Alliances Investors Clinic, Commonfloor.com, IndiaHomes, Jones Lang LaSalle India confirms the increase in enquiries from NRIs for buying property in India.

Sumit Jain, CEO, Commonfloor.com, said the NRI traffic was coming primarily from the US and Australia. And the demand is more for high end properties.

Delhi-NCR and Mumbai are still the most preferred destinations for NRIs to buy property, a property broker said.

Source:

www.business-standard.com/article/companies/weak-rupee-spurs-nris-to-buy-20-cheaper-homes-113061900766_1.html
www.propertyportalwatch.com/2013/06/weak-rupee-attracts-nris-to-indian-property/

Advertisements

One response to “Decline in the rupee a good sign for NRI Investing in India

  1. Pingback: 5 Top invest options in India for NRIs | A blog by Rakesh HP

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s