In the November 15, 2015 issue of ‘Mail Today’, an article was published titled ‘For Buyers Across Our Borders’ regarding the depreciating value of the Indian rupee against the dollar and how it will prove beneficial to the real estate sector of India. The NRI investors are a part of the top five investor communities and with the weakening of rupee against dollar, the NRIs will have more investment power as the property in India becomes more affordable for these NRIs. When the NRIs invest in dollars in Indian property, the value of the property automatically comes down a good 20-25 percent owing to the rupee-dollar difference. This not only gives the NRIs more purchasing power but they also get more capital appreciation. Many developers are also trying to capture the NRI attention by announcing attractive schemes and easy payment plans and are even partnering with real estate aggregator sites to focus their attention on NRIs.
Finlace Consulting Director, Mr. Pawan Jasuja, was quoted in the article. He is of the view that “NRI buyers have been playing significant role in sale figures of developers and bringing huge money in Indian economy.” Keeping this in mind, to lure more NRI investment, the government authorities have introduced strategies like REITS and easing of FDI norms that will not only help channelize NRI investment in residential as well as commercial segments but will also make the process more liberal and transparent thereby encouraging foreign investment in the real estate sector.
Covered at : http://epaper.mailtoday.in/640028/mt/Mail-Today,-November-15,-2015#page/29/2