Interestingly, the non-resident Indians living abroad are showing a renewed interest in the Indian housing market .
"We are seeing a lot of interest from the NRI community. The rupee depreciation against the US dollar is also helping, for the prospective home buyers from the American continent," HDFC Ltd Managing Director Renu Sud Karnad told PTI.
The housing prices have established, while softening of interest rates have helped make the home purchase much more affordable.
NRIs have become extremely important for the Indian real estate market and they contribute 8-10 percent of the total housing sales volume across India.
"With city limits expanding to peripheries, investors have a variety of products ranging from affordable to luxury developments and special housing projects like senior homes to choose from.