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NRIs keen on real estate in India with falling rupee

Non-Resident Indians (NRIs) have started taking keen interest in the Indian real estate sector following significant appreciation of the dollar v’s the rupee, a top official of housing finance company said today.

“NRIs have started taking keen interest due to the appreciation of the dollar. They have started converting the dollar into rupee”, Director and CEO of LIC Housing Finance Ltd, Vijay Kumar Sharma said.

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