by Mr. Anuj Puri, Chairman & Country Head, Jones Lang LaSalle
India
Shift Of Bargaining Power...
2013 saw a decisive shift of bargaining power in favour of
buyers. Towards mid-year, a significant fall
in the rupee against the US dollar gave NRIs and foreign
investors an opportunity to earn incremental
returns of 10 % to 15 % merely on the exchange rate movement
(the rupee has partially recovered since
then).
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| Mr. Anuj Puri |
Further, developers’ willingness to lower prices by 10% to 15%
gave serious local buyers a chance
to get genuine bargains on their property purchases. Therefore,
the market presented good windows
of opportunity (albeit small ones) at fairly regular intervals.
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