The dipping rupee in the past few months has brought a lot of cheer to US-based NRI Tarun Arora. His loyalties are not misplaced, but his glee is justifiable. With the rupee weakening consistently, he will now be able to buy a house in India. “I have been planning to purchase a house in Mumbai as an investment for some time, but since the property prices have been going up steadily, I kept postponing the decision,” says the 35-year-old hardware engineer. However, as the real estate market has now turned sluggish and the depreciating rupee adds more power to Arora’s dollars, he is likely to acquire a property at a
[via India Properties - Real Estate India - Indian Property News Site]
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