The falling price of rupees has brought more NRI investors

The increasing value of dollar against rupee might be a worrisome issue for most, but this is definitely not the case for the developers in Mumbai. According a report by the Times of India, the falling price of rupees has brought more NRI investors (non-residential Indians) into the Mumbai property market.

It is believed that NRIs makes 15% of the residential property market in Mumbai i.e. out of the annual Rs 50,000 crores apartment sales, nearly Rs 8,000 crore comes from NRI investors. Read further to know how this figures have been further elevated by the recent rupee-dollar value scenario.http://bit.ly/dropped_rupee_value_benefits_Mumbai_developers