Weakening Rupee Fails to Attract NRI Investment

nri investmentBangalore: It was predicted that the depreciating value of rupee will attract investors from all over the world. However the present scenario speaks otherwise. The weakening rupee has failed to attract non-resident Indians into buying property in India. The NRI’s are more inclined towards investing in the UK, US real estate market. These hotspots have succeeded in luring the NRI’s with lower borrowing costs and better ROI. Moreover the NRI’s prefer investing in the suburban areas instead of the key locations. To help save on rent to make investments worthwhile, NRI’s are going in for other alternatives like this.Yet another reason is that the property prices in the suburban areas of the US, UK instead of investing in costly Metro cities of India like Mumbai, Bangalore, Delhi and Pune. With a budget of around 3 crore, one can buy a 2bhk space in US as against a 1bhk in a plush locality of Mumbai.Also the home buyers fall in the category of the working population in the IT sector. Buyers are basically from HNI and top level class who prefer investing in the market abroad rather than the Indian real estate. Despite of the fall in the rupee value, not much seems to happen in the arena of NRI investment.Moreover the property registration process is less complicated in foreign countries as compared to India. This is yet another reason for the investments to flow into foreign real estate rather than in India. займ на карту без отказов круглосуточновзять кредит онлайн

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