NRIs are searching for alternatives to Hyderabad's pricey real estate market to deposit their money, and many have discovered Texas. Many NRIs are buying land in dallas and Austin, two well-known texas cities, rather than investing in the real estate market in the capital of Telangana, according to a TOI report.

Comparison of land prices in hyderabad and Texas
A single acre of land costs between Rs 40 and Rs 50 crore in hyderabad, but it costs between USD 500,000 and USD 700,000 (about Rs 4-6 crore) in dallas and Austin. In addition to being reasonably priced, these US cities have weather comparable to Hyderabad. Big businesses are becoming more prevalent in and around the cities in the US state. Toyota's US headquarters are also in the state, and Tesla's headquarters were just relocated there. NRIs choose to buy land in texas due to the state's rapid development and lower land prices rather than expressing interest in Hyderabad's real estate market.

Hyderabad is the second most unaffordable real estate market in India
Hyderabad is the second most unaffordable real estate market in india, according to Knight Frank's Affordability Index for 2023, because of the high home loan-to-income ratio. Despite india being one of the most expensive real estate markets, hyderabad is still one of the top choices for NRIs since a sizable portion of NRIs living in the US, Canada, the Gulf, Europe, etc. still like homes in Hyderabad. However, as NRIs look for choices to park their money with better returns, the trends will likely shift shortly. One of these options is land in Texas.
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SIBY JEYYA

17/09/2023 09:25 AM