Are Indian expats in UAE thinking of property investments back home? Signs are good

Are Indian expats in UAE thinking of property investments back home? Signs are good

Dubai: Is it time for Indian expats to consider buying another property back in India? Almost all the numbers available suggest that this could be so. Consider the evidence: For an Indian expat in the UAE/Gulf, (it had even briefly crossed 23 as well, in October) would sweeten any property deal they enter into. (The rupee’s drop has come to around 10 per cent this year, brought on by successive US interest rate hikes giving the dollar an extra push higher.) “The current sales momentum in the housing sector is likely to continue in the first quarter of 2023,” said Anuj Puri, Chairman of Anarock, the real estate consultancy. “Also, because just before the end of a financial year, people look to invest - and real estate forms a significant part of their investments.” Developers too played it safe, coming back with new launches only if they believed the market can absorb the supply. “In 2023, we may see new launches to remain well under control across most top cities. “Just as in 2022, developers remained cautious to launch new projects especially in markets where supply was already in abundance. This tremendously helped developers there to reduce their previous unsold