NRIs eye real
estate to get bigger bang for weaker buck
It’s a sort of super sale time for NRIs, with the present
scenario of Indian real estate offering brighter prospects to them in terms of
investments. At the moment, the Indian economy is relatively better when
compared to other economies in the West and mainly the rupee
has depreciated nearly 18-20 per cent in the last two years. The enquiries from
NRIs have gone up lately as they are keen to make the most of this situation.
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Inputs from markets across the country show that NRIs are keen
to invest in real estate now as they see more value for their investments.
While they gain due to the low rupee value versus, say, the
dollar, property prices have still not reached the peak rates of 2008, making
it more attractive to buy now.
The preference of NRIs varies from segments that include
affordable, premium and luxury housing properties that provide all facilities
and amenities under one roof. They favour locations in the vicinity of business
districts, airports, educational and healthcare institutions, and yet have
their investments residence amongst serene, green and pollution-free
environment. A city’s suburban areas offer locations which are available for a
reasonable price to the NRIs. “Last but not the least; this is the right time
for NRIs to invest when the dollar and other currencies are strong enabling
them to reap a sizable appreciation on their investment.
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