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Non-resident Indians can take advantage as weakening rupee, falling real estate prices give investors bang for their buck back home

The falling rupee and declining home prices are giving a fresh impetus for Indian nationals living overseas, including those in Hong Kong, to buy property back home, according to analysts.Indian developers are making an aggressive push to sell homes to the 32-million strong diaspora, which includes persons of Indian origin and non-resident Indians (NRIs). This group remitted an estimated US$83.1 billion back home in 2019, according to the World Bank, although the amount is likely to drop by 23…

Read the original article at South China Morning Post

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