Weak rupee makes real estate investments cheaper for NRIs

The depreciating rupee has positively influenced the demand from NRIs for residential properties in various cities across India, especially in Mumbai. The rupee has been touching new lows everyday. Even today, the rupee touched 54.82 per dollar in early trades. Exporters and the NRIs are two categories which stands to gain from the weak currency, as they will receive more rupee funds on conversion. The term NRI also includes Persons of Indian Origin (PIOs) and Overseas Citizens of India (OCIs).

“Because of the rupee’s downward trend, real estate has become cheaper for NRIs and many of them are now actively seeking residential property investment opportunities in the financial capital,” says Om Ahuja, CEO – Residential Services, Jones Lang LaSalle India “Apart from the advantages they have due to the depreciating rupee, developers are more than willing to offer discounts today owing to their ongoing liquidity concerns,” says Om Ahuja.

Read more: The Economic Times

Looking for a good investment opportunity? Contact the Ireo team to explore real estate opportunities in India. Pictured above: Ireo Uptown, located in Sector 66, Gurgaon

2 thoughts on “Weak rupee makes real estate investments cheaper for NRIs

  1. Apart from the advantages they have due to the depreciating rupee, developers are more than willing to offer discounts today owing to their ongoing liquidity concerns,now that’s an opening for us Investor to come in but with the status of weakening of Rupees,will our Investment be at risk,best we should Consult professionals Like Ed Butowsky,they’ll make sure you invest in the right place at the right time.

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