Chennai: The rising difference in the Rupee-Dollar exchange rates has made India favorable for NRI investments. The dipping rupee value has made properties more affordable in India. The NRI’s find it profitable to invest in real estate during this stipulated period of time wherein the chasm in the exchange rates seems to be widening. Ready-to-move properties are in greater demand than ongoing residential projects. Chennai is presently under the spotlight when it comes to NRI investments. Chennai is exhibiting rapid economic development which in turn has triggered off multidimensional growth in the real estate sector. More and more people look up to Chennai for big time investments. Such is the case with NRI investments as well.
Conducive lending schemes and affordability have made it possible to get hold of quality properties in some of the prime locations of the city. This trend in NRI investment is expected to continue until there is substantial rise in the rupee value and stability in exchange rate.