Rupee Aids NRIs Buy Properties in India: 25 to 30% Return Guaranteed..!.

 The decline in value of rupee over the past one year is luring NRIs  (non-resident Indians) living in the UAE to buy property in India even if the price stretched up to Rs. 1 crore or / more, according to a survey.

According to the survey conducted  by Sumansa Exhibitions who are organisers of Indian Property Show, 89% of NRIs in the UAE are planning to leverage the power of their additional income by investing in properties worth up to Rs. 1 crore & beyond.

Mr. Sunil Jaiswal, CEO, Sumansa Exhibition said, ''NRIs in the UAE mostly prefer investing in property as it is one of the safest option & gives good return as the capital value of any property appreciates. Plus, there is always feeling of returning home since NRIs do not get citizenship in this region, so property investment becomes natural choice. We can support this further as the survey also reveals that Mumbai, Bengaluru and Delhi feature in the top five (5) destinations list"

Mr. Sunil Jaiswal added, "Even if the NRI takes housing loan, his / her payouts are much cheaper as compared to last year (2011). Hence, overall investing in this sector when rupee is low, makes sense".

Highlights of Sumansa Exhibitions Survey..!

* The weakening rupee gives more power to dirham currency that they have & current sluggish market enables them to buy properties at a cheaper rate in India.

*  26.7% NRIs are looking to buy properties as additional investment, a sharp rise of 6% in one year.

Demand Properties for Higher Value..!

Mr. Honey Katiyal, CEO, Dubai-based Indian real estate consultancy Investors Clinic, said,'' Over the last year, our company has witnessed demand for properties which are higher in value as the NRIs want to cash in on this situation & invest more to get better returns in future.

The trend is to invest in additional property in metro cities and enjoy the capital appreciation in 4 to 5 years time"

The rupee depreciating in the past couple of years, there has been a good amount of remittance going back to India. Additionally, the bank deposits have also started yielding good returns making that as a good investment alternative.

However properties continue to be a preferred choice for expat Indians for investment & asset creation. What they look for is a good brand to invest and a price point which is good to enter.

For NRIs, a reputed developer with good track record, quality & possible price appreciation is an important factor.

25 to 30% Return Guaranteed..!.

Mr. Sunil D'Costa, Manager (International Sales) Sahara Prime City, Sahara Group's real estate division, said: "Property investments in India are believed to be the smartest move as chances of loss are negligible. The growth graph of the real estate sector is observed to be escalating day by day. Indian Rupee depreciation against the US Dollar is a great attraction for NRI's to invest back home so if you keep a horizon of about 2 to 3 years, an average return of 25 to 30 per cent is guaranteed".

Mr. Sunil D'Costa also said, "In terms of location, other than metropolitans &  Tier-1 cities, momentum of investment in Tier -2 &  Tier - 3 cities is quite high, plus the rate of appreciation is much more due to fast paced infrastructural developments"

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