Realtors Bet High On NRI Investment
Amidst pandemic lockdown in India, the Indian National Rupee (INR) slipped against the US dollar up to 76 levels. While, the captains of Indian economy are satisfied with the recovery of rupee against dollar, real estate developers have found a ray of investment hope from the Non-Resident Indians (NRIs) as falling rupee will lead to lesser property price for this segment of Indian property buyers. Developers express that with Interest rates at the lowest level these days, real estate is becoming a very attractive proposition for NRIs giving them an ideal opportunity to secure a quality development, especially those who are very particular about the ROI and security. At this time the projects by reputed developers that are attractively-priced will get NRI attention as they will see good appreciation in mid-to-long-term. NRIs pay in the dollar and recent fall in rupee against the US dollar has led to lower price for them and hence post-lockdown, NRI's investment in Indian real estate is expected to soar high.
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