Indian Real estate market, still coping with the new measures after the implementation of RERA has come to delight with the depreciating value of rupees. This major fall of rupees against the dollar has affected many Indians directly or indirectly. But the headwind seems to ease for NRIs as it has given an opportune time to NRIs to make an investment in the property in India. Sobha Builder are coming with a new project sobha Renaissance at sarjapur road will be one best choice for NRi's to invest in bangalore.

Why is falling value of domestic currency favorable for NRIs?

In past one year, Rupee has witnessed a depreciation firstly of 14% i.e. 65Rs. in October 2017 and at present to 74 rupees. This depreciation has put more money in the hands of the NRIs. That means it has made Indian properties cheaper for them more than it already was earlier. Therefore, there is increased transactions and inquiries for Investment in the Indian Real Estate market by the NRIs.

Non- Residents commit their capitals in Indian Realty market out of emotional connect, to get hold of a property back at their place of origin, to settle back if they wish to after retirement. Needless to mention that this downfall of domestic currency value against currencies like the Dollar, Dirham, Pound etc is also boosting and prompting the NRIs to invest in Indian Realty market.

With this depreciated value NRI investors gain significantly. By spending the same amount in foreign currency, they get a bigger Square Foot of space in any property they choose to invest. For instance. If an apartment in India costs you 50,00,000 then for the NRIs it would be around $68000. Thus, keeping more money at their hands.

Additionally, RERA has made things more translucent between brokers, builders, and buyers. There has been a shift from bank deposits other good return-generating assets with real estate in the topmost list. Also, the fear of being cheated by the builders is receding at a faster rate in buyers, with NRIs no exception to it. A report says that there has been a 15-20% surge in real estate demands and inquiries by NRIs.

Furthermore, Builders also leave no stone unturned to lure NRIs with a host of amenities and Top-Notch Features. All this is because the domestic sales in this sector are really low and also, there is very less scope of improvement in the near future.

So, if you are an NRI and want to buy a property in India, time could not be more superior for you to do so. It is just the right time for you to put in your money. You can definitely check out the idyllical property Sobha Renaissance inSarjapur Road, Bangalore.