With the rupee plumbing new lows against the dollar, one man's loss is another's gain — if they reside abroad and invest in realty in India.
With the INR sinking to a historic low of 72.69 against the US dollar last week, real estate markets in Mumbai and Delhi are seeing a spurt in inquiries and purchases by non-resident Indians (NRIs).
According to global and local real estate observers, NRIs are mostly interested in buying properties in metropolitan cities such as Mumbai, Pune and Delhi.
DNA report
With the INR sinking to a historic low of 72.69 against the US dollar last week, real estate markets in Mumbai and Delhi are seeing a spurt in inquiries and purchases by non-resident Indians (NRIs).
According to global and local real estate observers, NRIs are mostly interested in buying properties in metropolitan cities such as Mumbai, Pune and Delhi.
DNA report
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