| As the rupee breached the Rs 54-mark against the US dollar, many non-resident Indians (NRIs) are aggressively looking to enter the realty sector in the country. The rupee has also lost ground against other currencies equally.
"The rupeehas depreciated 20% in past six months, so you can say it is like getting a property at 20% discount," said Parth Kikani, a fund manager with a Dubai-based financial institution, who is all set to buy a bungalow in the outskirts of Ahmedabad. "I personally feel that for investors, tier-II is a better bet for rate of return."..............................................Full Article: Source
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