Dubai: The weak Indian rupee — which continues to remain under intense pressure — is certainly not proving a problem for the country’s property market.

Expat Indians have been committing significant funds into India’s property sector, residential and commercial alike, and making use of the rupee’s drop from Rs63.5 to a dollar in January to Rs71.52 as of December 13. (It had been Rs74.2 in October.) Estimates suggest that NRI participation as averaging 5-7 per cent of overall property sales transactions each quarter. But in the current quarter, this could well shoot up to 12-15 per cent, according to Anarock Property Consultants, the real estate services firm.

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