NRIs Enters Indian property market as rupee gets cheaper

Most NRIs take interest on growing property investments opportunities in India as Indian Rupee slumped to 72.92 per Dollar. As per DNA report there has been raise in enquiries of properties in India. They are mostly looking to purchase in Mumbai, Pune, Delhi. The main reason behind such high demands is 10-15% leverage for buying properties, a property consultant said from Mumbai.

This currency value change gives them a profit of upto 25% for paying amount. Majority of NRIs from USA, UK, and Hong Kong are coming in bulk and looking for bulk purchasing having a high payable strengh of upto 100-150 Crores. if they immediately do so, they can get returns beyond expectations as far as macro and micro economic factors impact is not considered.

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