The rupee’s steep slide against the dollar in 2013 sparked a significant increase in NRI interest in Indian real estate. A decrease from Rs. 57 to Rs. 63 to the dollar results in a 10% discount on the property price. Speculators expect the rupee to appreciate in the second half of 2014, as corrective measures by the RBI take effect, and the new Central government is elected. This is causing NRIs to seize the moment and make an investment now rather than wait.
Not surprisingly, there have been more Indian property road shows trying to access this market in metropolitan areas with traditionally high NRI populations in Northern California, New Jersey and Texas. However, many other areas with rapidly growing NRI populations are consistently overlooked.
One exception is the partnership of Brigade Group, one of South India’s leading developers, with Legion Real Estate, a real estate marketing firm based in the San Francisco Bay Area. Following up on the success of Seattle Open House at the end of last year, Legion is now bringing the same format to Los Angeles.
On March 29 and 30, Legion Real Estate and Brigade Group will be hosting LA Open House in Burbank (LA County) and Santa Ana/Irvine (Orange County) respectively, where those interested in Indian real estate can learn about available opportunities for investment in residential and commercial properties.
To take the next step toward making a successful real estate investment in India, or to RSVP for the event, contact Legion Real Estate at 650-494-4975 or info@legionre.com.
India Post News Service
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