How NRIs Can Gain From The Falling Rupee
For Indians especially, investing in real estate is a huge deal and investing in residential real estate is another ball game altogether. There is a lot of to and fro, and planning involved before Indians think of buying a home. Although living outside India, NRIs invest in residential real estate in India mostly as a long-term investment for the future. Recently, the rupee’s plunge led to an increase in the number of NRIs looking to take advantage of this massive opportunity as the value of the dollar surged.
There was a 13.04% drop of the rupee value against the dollar at the start of 2018 which was definitely a gain for any NRI who was looking to invest in India. Moreover, the recent government reforms such as the implementation of Real Estate (Regulation & Development) Act, 2016 (RERA), the goods and services tax (GST), and demonetisation have increased the transparency in the real estate sector thus bringing in a sense of comfort for the NRI community to invest here.
All the real estate brands and developers are making the most of this by luring the NRIs with top-of-the-line amenities and features thus hoping for them to invest in their projects. This had led to a resurgence in serious inquiries by NRI’s, both investors and end-users.
As was the case in 2012, NRIs can gain from the falling rupee today with what’s seen as a spike in their contribution to the residential real estate segment. NRIs usually tend to invest in cities of Ahmedabad, Bengaluru, Chennai, Chandigarh, Kochi, Mumbai and Pune. While the government reforms cited above have definitely increased the transparency in the sector in the past couple of years, it has also seen a decline in home sales. However, with the falling rupee the home sales are said to pick up in the NRI residential real estate segment.
The most preferred investment option in India for NRIs across the globe has always been real estate. The rupee’s plunge against the dollar has revived the residential real estate market for NRIs so if you are a non-resident India who is looking to buy a home in India, especially Pune then you should take a look at the thriving real estate markets within the city such as Undri and Kolte-Patil’s Centria (The project has been registered via MahaRERA registration number P52100016567) – the perfect choice. Offering you the choicest amenities and a wide range of world-class utilities, it comes with every convenience so your stay here would be just the way you like it.