Real estate is the new victim of the rapidly falling rupee.
Non-resident Indians (NRIs) who hold premium properties are getting jittery and many have pressed the sell button.
Says Om Ahuja, chief executive officer (CEO), Jones Lang LaSalle Residential, "We have seen a year-on-year rise of almost 30 per cent in property sales from NRIs in six months."
He says the sales are in prime areas of Mumbai and Delhi.
Text: Business Standard
Image Courtesy: Reuters