Business Standard, a leading national business daily, has covered CommonFloor.com in its article titled "Weak rupee draws NRIs to Indian realty" dated 20th June, 2013.
The article talks about the rising NRI investments in India due to the rupee depreciation recently
The article says that the enquiries from NRIs for buying property in India have risen by at least 15-20% following the rupee depreciation.
The article reads that the leading real estate portal, Commonfloor.com is seeing 10 lakh visits every month, which is double of what it used to get few months ago.
The article quoted Sumit Jain, Co-Founder & CEO, CommonFloor.com, saying the NRI traffic was coming primarily from the US and Australia. And the demand is more for high end properties.
With rupee depreciation, slowdown in real estate market and government policies including the one on farmhouses in Delhi, this is the right time for NRIs to invest in India,” Jain added.
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