Falling Rupee Is Good News For NRI Real Estate Investors
With the rupee witnessing a major fall against the dollar in recent months, it is an opportune time for NRIs to buy property in India. The depreciating currency value is benefitting NRI investors significantly as investors get more square feet of space for the same amount in the foreign currency. NRIs can also leverage the power of their additional income by investing in properties because prices have corrected over the past few years. This is prompting a large number of NRIs to invest in India’s realty market.