The Indian Rupee hit a record low against the US Dollar last Thursday as it continued to spiral downwards towards 68.85 against USD. It has fallen about 3 percent in November so far.
Golden Opportunity for NRIs
The current demonetization drive has put the India-based investors in wait and watch mode. But for NRIs, this is a big opportunity to reap the benefits of Indian property market. It is pertinent to mention here that this is Rupee’s biggest fall since 2015. The last time rupee was close to this price of 68.80 was in August 2013.
The strengthening dollar would mean NRIs can get the most value out of their investments in Real Estate investments. The main reasons cited for rupee fall is demonetization, outflow to FCNR accounts and the possible policies of President-Elect Trump of United States. Some experts predict it might breach the 70 mark in the coming days.
Where can NRIs invest money today to realize the maximum return on their capital?
Square Times has curated a list of cities and the best projects currently offering decent returns to buyers-
- In Mumbai, Shapoorji Pallonji’s project Epilson in Kandivali East is emerging as a hot favorite for NRIs. S & P is one of the most trusted infrastructure brands in the country and the phase 1 of the project has already been sold out.
- Bengaluru has been traditionally a favorite for NRI investments. Monarch Aqua, a lake facing project situated off the Old Madras Project is garnering a huge response. The ticket size starts from INR 55.50 lakh only and 100% return is being assured in 3 years. Moreover, the booking amount is just 10%.
- For NRIs wishing to invest in the National Capital Region, Orizzonte’s Bunk Homes project in Noida is a good investment idea. This project proposes to tap the huge demand for hostel space in the region surrounded by several educational institutes and office parks. Its biggest USP however, is low ticket size and stable returns.
- Thane which has been recently shortlisted for the Smart City project is another realty market promising lucrative returns. Lodha Amara in the heart of Central Thane is a prime property situated in a sprawling 40 acres’ township. Homes at Lodha Amara are available in 1,2 and 3 bedroom configurations and cost from INR 61 lakh onwards.
- Vertex Panache is a residential project based in one of the fastest growing IT suburbs in India. Gachibowli in Hyderabad has witnessed a huge increase in housing demand due to the proximity of IT parks. The 2 & 3 BHK luxury apartments are spread over 5 acres of land with an open area of 72% approx.
