Impact of the Rupee Declining Against the Dollar on Real Estate

July 17, 2012 - PRLog -- Whether its expats or locals everyone knows this investment will sooner or later yield a very high return.

Rupee declining the Dollar has caused people to go into panic mode. Although we here at grouphomebuyers.com speculate that the Rupee might soon stabilize at 57.40.From the NRI foreign investment perspective the Rupee depreciation has given rise to demand in the real estate segment. According to Hem Tejuja Director grouphomebuyers.com  "NRI buyers have started sending money to their NRE accounts as of now in tranches so as to remit money into India so as to average their net price this money has not necessarily found its way into real estate of the 8700 NRI buyers polled by  http://www.grouphomebuyers.com/  68%  believed  that real estate prices were still high and needed to correct more 21% were of the opinion that now was a good time to start looking to buy something within the next 3-6 months while the balance 11% thought that the bottom was already in place and prices may not correct any further."

Almost 50 % of the Mumbai and Delhi market comprises of buyers investing in property as a valuable asset. These buyers usually come from the middle income group and have figured put that property is clearly the way to go for high yields on their investments. Keeping this in mind the Government plans for quick clearances for realty projects. The government is also taking a closer look into home loans and how they can help bring in more people to invest in property soon. Despite the Rupee going into freefall this might come as a small silver lining to the domestic buyers. This may come as a relief to some builders whose projects have been stuck for a while. Builders are now ready to negotiate and offer many offers to the buyers. At grouphomebuyers.com there are various added benefits along with your purchase. Furthermore some developers who had bought land at high prices now have to bring the prices down considerably to entice buyers. On the plus side the fluctuation in the Rupee has brought in a lot of NRI investors. Even builders have noticed the rise in NRI interest and are exploring this segment. Both Mumbai and Delhi(NCR) figure on top positions in a recent survey expats preferring to invest in the coming 6 months.

Visit http://www.grouphomebuyers.com for details...