As the Indian rupee reached a new low on May 5, a Dubai-based Non-Resident Indian (NRI) shared his negative experiences regarding property investments in India. Owning two properties in Hyderabad and Bangalore, he revealed that the net rental yields are disappointingly low at 2-3%, significantly less than the 4% interest from his UAE savings account. The NRI highlighted the burdensome administrative tasks associated with managing properties from abroad, including tenant tax deductions and repatriation paperwork. He expressed frustration over the currency depreciation, noting that the USD/INR exchange rate has worsened from 83 two years ago to 95 today, resulting in a 14% loss before any investment activity. His post resonated with many netizens, who echoed similar sentiments about the pitfalls of investing in Indian real estate, especially for NRIs. They pointed out the complexities of selling property and the associated tax implications, suggesting that these challenges make property investment less appealing.