Gurgaon, Haryana -- (SBWIRE) -- 11/28/2011 -- Gurgaon and NCR located at sector-3, Dharuhera.The world seems gripped in Euro zone's crisis, with investor confidence taking a dent and investors withdrawing money from global markets to place it in safe havens aka dollars.
Indian Rupee has depreciated more than 15% in last couple of months against dollar. Coupled with this, RBI's monetary tightening measures have resulted in interest rates being revised at least 8 times in 6 months, making it difficult for the Indian consumer to buy homes.
It goes without saying that, Indian real estate industry is going through a rough patch, while the long term fundamentals look intact as more and more Indians move into urban areas and would need quality housing. According to a McKinsey report, by 2025 there will be more people living in Indian cities than the population of America.
For NRIs, there could be no better time than this to invest as they can take cheap home finance in foreign currency and finance the purchase of real estate property in India which is at an effective discount of 15% (currency depreciation) and discounts offered by builders as they are scrambling to sell their property because of strong interest rate scenario.
Not only that, at last the government is also putting its act together and is set to introduce real estate bill which has already been drafted and is under discussion. This is good news for the consumers who have been at the mercy of real estate builders till now.
Last but not the least, because of the efforts of companies like http://www.21flats.com, real estate group buying is a reality and builders acknowledge the power of group ( and the influence group can exercise today using social media) and are more open to listen to the group and offer better terms.
Happy property buying, dear NRIs?
It is the most promising and looked for destination spread over lush green acres with close proximity to Gurgaon and NCR located at sector-3, Dharuhera. With the ever changing and fast developing infrastructure, Dharuhera is all set to becoming the next promising destination in real estate. The real estate developer is way ahead of time in creating a “work-live-play-learn” environment and have given some of their most prestigious residential, retail and office addresses each of which meets the highest standards of excellence in real estate development.