siliconindia | | December 20188IN MY OPINIONBy Rakesh Reddy, Director, Aparna ConstructionsHeadquartered in Hyderabad, Aparna Constructions is one of India's leading real estate companies which develops gated communities, apartments, residential townships, commercial complexes/malls, and many more.H yderabad is one of the fastest growing real estate markets in India. The city has always been a pop-ular real estate destination with NRIs, primarily due to its developed commercial infrastructure. As more organisations setup their offices in Hy-derabad, this creates an enormous job market and an equally enormous requirement for residential areas. The past decade has seen numerous projects being un-dertaken in the residential space, especially high-end and mid-range properties. The factors spurring this growth in-clude the availability of high-value projects with a wide range of amenities, infrastructure and urban migration, and the time for investment has never been better. With the rupee witnessing a major fall against the dol-lar in recent months, it is an opportune time for NRIs to buy property in Hyderabad. The depreciating currency value is benefitting NRI investors significantly as inves-tors get more square feet of space for the same amount in the foreign currency. NRIs can also leverage the power of their additional income by investing in properties be-cause prices in Hyderabad have corrected over the past few years. The slowdown witnessed in the residential real estate market over the past few years has had builders increase their focus on NRI customers with the hope to revive mar-kets. The lull in domestic sales was further aggravated HYDERABAD REAL ESTATE: HOT SPOT FOR NRIs
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