"Developers are reporting a substantial increase of NRI property buyers across the country. Around 40 per cent of buyers are now non-resident, in comparison to the normal figure of about 10 per cent," says PMA Razak, the president of the Mangalore Chapter of the Confederation of Real Estate Developers' Associations of India.
The rupee's fall has made homes in India increasingly cheaper in dollar terms, creating opportunities for those living and earning overseas, particularly in the Gulf where currencies are pegged to the dollar.
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