How Has The Falling Rupee Affected Real Estate NRI Investments In India?

Real estate has evolved extremely over the past few years. There is a better transparency post implication of RERA and GST which has fuelled the buying decision of the NRI community. Additionally, the value of INR has been witnessing significant low against the value of the US dollar as seen in past years. A depreciating rupee creates an ideal environment to invest in Indian real estate, as the cost of acquisition of property becomes lesser for NRIs. Many non-resident Indians (NRIs) have moved to invest in the residential real estate sector in India to take advantage of the low prices as the dollar surges in value. However, that’s not the only factor that has led to heightened NRI investment in India. Several other reforms such as the implementation of the Real Estate (Regulation & Development) Act, 2016 (RERA) and the introduction of goods and services tax (GST) have increased the transparency in the real estate sector, boosting the confidence of NRI investors in India...