The Indian Rupee is at an all-time low and there is a widespread outcry. Amidst this fiscal chaos, Mumbai's succulent & premium realty is benefiting from such global-desi Dollars and Euros flowing into India. Currently, the US Dollar stands at ₹72.60, which offers the NRI's a 10% gain through currency exchange. They account for 7-8% of total real estate sales in India, amounting close to ₹25,000-30,000 Cr. annually.

Since the NRI's plan to buy properties in India predominantly for investment purposes, it gives an opportunity to the builders to employ their unsold inventory. The value of rupee in international markets can be a major point of concern but Mumbai seems to be disgesting this crisis in a proficient manner, just the way she did post 2008 global crisis.

Our take:

This trend is not new to Mumbai's realty, still, we believe that Mumbai's robust economy has a far reach and it never relies on one single aspect of the market. Whilst expensive imports will affect the construction costs, the NRI's interest and their activity in the market will set a trade-off.

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