In the past few years, Indian builders have been known to hold property shows all across the world between January and March. These shows are held to attract non-resident Indians (NRIs) into buying property in India. And a falling rupee against the dollar, down 26.5 per cent in five years, makes buying more attractive for NRIs.
According to Square Yards, a consultancy that deals with NRI investors, the total investment by NRIs in the primary residential market in India's top eight cities stood at $9.6 billion in 2016. The consultancy expects this figure to touch $11.5 billion in 2017, accounting for