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Real estate investment boosted by UAE NRIs

11/25/2012 10:59pm - via http://www.commonfloor.c... - Details

sanchita123x: The value of Indian rupee has been falling in the last one year. The depreciating money has been the reason behind the Nonresident Indians (NRI) based in United Arab Emirates (UAE) showing keen interest in Indian real estate. According to a...

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sanchita123x saved this page on 11/25/2012 10:59pm

The value of Indian rupee has been falling in the last one year. The depreciating money has been the reason behind the Nonresident Indians (NRI) based in United Arab Emirates (UAE) showing keen interest in Indian real estate. According to a recent finding, almost 90% of NRIs living in UAE are increasingly looking forward to invest in Indian real estate. The findings show that 26.7 per cent NRIs are preferring to buy properties as added investment in India. It has indeed brought in good news for Indian economy, especially for the Indian real estate sector as investment into the real estate has increased by 6% in the last one year.

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