| Reply 1 : With the recent sharp dip in the value of ruppee against the US dollar has made non-resident Indian (NRI) to buy property with realtors expecting an increase of 35% in business enquiries from the expatriates this year, reveals the associated chamber of commerce and industry of India (Assocham) recent findings.
The survey highlighted that Bangalore is the most favourite property investment destination for NRIs followed by Chennai (2nd), Mumbai (3rd), Ahemdabad(4th), Dehradun (5th). A lot of Punjabis settled in Canada and UK are expected to invest more in Chandigarh sub-urban like Dera basi, Mohali and Panchukla. This time, there is a lower demand for the Delhi-NCR market, adds the Assocham survey.
Assocham conducted a random survey of nearly 1,250 real estate developers in Delhi-NCR, Dera Basi, Mohali near chandigarh, Mumbai, Kolkata, Bangalore, Hyderabad, Ahemdabad, Pune, Dehradun, Chennai etc. The survey reveals that interest for buying property by NRIs have increased due to favourable exchange rates. |
