It appears that NRIs have found an answer to the right choice for their investments by virtue of rupee depreciation. Nowadays non-resident Indians (NRIs) are making a beeline to buy property in India.
This fact has come to the light as developers state that a 25 to 30 per cent spurt in sales has occurred in past 2 months courtesy NRIS. The number of enquiries from NRIs for investment in property have increased as they are taking benefit of rupee depreciation. The increase in queries has been confirmed by real estate companies, brokers, analysts and consultants. The actual deal numbers have also gone up considerably. Many NRI buyers are even buying multiple units for investment purposes.
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