NRIs in real estate to have a notional gain of 7-8% in six months
The Indian currency, which closed at a historic low of Rs 73.03 against the US dollar on October 3, 2018, has been under pressure for the last two months. Compared to the same period last year, the value of the rupee has depreciated by around 10 percent. As a result of this change in exchange rates, Non-Resident Indians (NRIs) stand to gain by investing in the Indian real estate markets. The Indian currency, which closed at a historic low of Rs 73.03 against the US dollar on October 3, 2018, has been under pressure for the last two months. Compared to the same period last year, the value of the rupee has depreciated by around 10 percent. As a result of this change in exchange rates, Non-Resident Indians (NRIs) stand to gain by investing in the Indian real estate markets. As per the RBI Professional Forecaster’s Survey (August, 2018), it is expected that rupee will strengthen to Rs 67.7 as against the dollar by the first quarter of 2019-20. Hence, the investment of today is going to have a notional gain in the range of 7-8 percent further down six months’ period for NRIs.
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