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Movement of RE prices due to Rupee devaluation
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string(886) "As we can see that the Indian Rupee has been devalued heavily in last couple of months, yesterday it crossed Rupees 54 for 1 US$
What can be the impact of this on the RE prices in general, specifically in NCR?
On the on hand, suddenly the properties became cheap in terms of Dollar for NRIs, so the demand can come from them and prices can firm up further!
Are there many NRIs investing here?
On the other hand, this may lead to inflation and hence savings for general Indians will reduce and may result in less demand for properties!
As a small investor cum end user, would like to understand from the forum and plan about the future strategy on my investment as well as for end use property.
Appreciate the thoughts on this matter for the benefit of me and other participants on this forum.
Disclaimer: At present I have booked flat in Panache Island and Krescent Homes."
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What can be the impact of this on the RE prices in general, specifically in NCR?
On the on hand, suddenly the properties became cheap in terms of Dollar for NRIs, so the demand can come from them and prices can firm up further!
Are there many NRIs investing here?
On the other hand, this may lead to inflation and hence savings for general Indians will reduce and may result in less demand for properties!
As a small investor cum end user, would like to understand from the forum and plan about the future strategy on my investment as well as for end use property.
Appreciate the thoughts on this matter for the benefit of me and other participants on this forum.
Disclaimer: At present I have booked flat in Panache Island and Krescent Homes.
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