Weak rupee draws NRIs to realty in India - Indian Real Estate Forum

MANOJa · 06-01-12

Weak rupee draws NRIs to realty in India

kazihamed · 25-01-12

rupee weakness is temporary phenomena..eventually it will get stronger against dollar..so the time is short..make transfers while u can

gharondabhai · 25-01-12

This news is a desktop publishing.

There are two types of NRIs

1. Having tons of money and who are capable of buying few houses. They are least bothered about a little rate change here and there.

2. The second group of NRIs, basically those onsite IT professionals ... come on, they do not have enough money ready to convert and buy a house. How much do you think a normal NRI guys keeps liquid in his/her saving account overseas. Most of these people send money regularly for better FD, etc return.

The total amount looks bigger now as many people are remitting now to avail the better rate ... but individually no one is sending that much money that can buy a house.

Magadh_Pride · 26-01-12

In the last few years, I have noticed a definite change in the NRI moneyorder economy...

A lot of folks, specially who are on long term assigments, so prefer to keep $$ liquid in their overseas account than sending them to India from time to time. The aim to invest in RE overseas aided by lower prices and weak interest rates....

The way they see it, it makes sense for them to invest for a steady rental income for retirement in a mature/stable economy...

06-01-12	#1
MANOJa Moderator Join Date: Jul 2010 Location: Shimla Posts: 15,712 My Mood: Thanks: 581 Thanked 1,171 Times in 885 Posts	Weak rupee draws NRIs to realty in India Weak rupee draws NRIs to realty in India

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25-01-12	#2
kazihamed Member Join Date: Mar 2010 Posts: 327 My Mood: Thanks: 2 Thanked 7 Times in 7 Posts	rupee weakness is temporary phenomena..eventually it will get stronger against dollar..so the time is short..make transfers while u can

25-01-12	#3
gharondabhai Veteran Member Join Date: Nov 2010 Posts: 2,270 My Mood: Thanks: 72 Thanked 274 Times in 173 Posts	This news is a desktop publishing. There are two types of NRIs 1. Having tons of money and who are capable of buying few houses. They are least bothered about a little rate change here and there. 2. The second group of NRIs, basically those onsite IT professionals ... come on, they do not have enough money ready to convert and buy a house. How much do you think a normal NRI guys keeps liquid in his/her saving account overseas. Most of these people send money regularly for better FD, etc return. The total amount looks bigger now as many people are remitting now to avail the better rate ... but individually no one is sending that much money that can buy a house.

26-01-12	#4
Magadh_Pride Veteran Member Join Date: Dec 2010 Posts: 1,322 My Mood: Thanks: 132 Thanked 140 Times in 101 Posts	In the last few years, I have noticed a definite change in the NRI moneyorder economy... A lot of folks, specially who are on long term assigments, so prefer to keep $$ liquid in their overseas account than sending them to India from time to time. The aim to invest in RE overseas aided by lower prices and weak interest rates.... The way they see it, it makes sense for them to invest for a steady rental income for retirement in a mature/stable economy...