The falling rupee and declining home prices are giving a fresh impetus for Indian nationals living overseas, including those in Hong Kong, to buy property back home, according to analysts.

Indian developers are making an aggressive push to sell homes to the 32-million strong diaspora, which includes persons of Indian origin and non-resident Indians (NRIs). This group remitted an estimated US$83.1 billion back home in 2019, according to the World Bank, although the amount is likely to drop by…