Hyderabad real estate builders target NRIs

Builders of Hyderabad are now increasingly targetting non-resident Indians in the US as most of the NRIs are not keen on purchasing properties there with the recession in American economy. Several NRIs fear they won't get good returns since the slump is likely to continue even in the American real estate sector. Volatility in the stock market and frequent fluctuation in gold prices are prompting them to look at Hyderabad real estate, which is considered to be the safe zone for their long term investment plans.

The builders also feel that it's the right time to showcase to them the investment opportunities in Hyderabad and surrounding areas. Some of them have decided to participate in Indian Property Exhibitions, which will be organised in California, Seattle and Dallas between May 10-18.

"Most of the IT professionals and other Telugu NRIs are planning to come back to Andhra Pradesh with the recession in the US. So, they want to settle down in Hyderabad since it provides them an opportunity to start the career afresh," said Mr Manoj Agarwal, executive director of DSL Infrastructure Private Limited. "The Telugu NRIs who have invested earlier got good returns with the real estate boom in the twin cities. So, we expect that others will also follow suit with the latest property exhibitions," he added. Chennai based Priya Publication, which publishes Indian Real Estate magazine, has been playing a key role in organising the property shows in the United States.

It anticipates that at least 5,000 prospective homebuyers will participate in the exhibitions to be held in the United States. Apart from Hyderabad, property developers from New Delhi, Mumbai, Pune, Ahmedabad, Bangalore, Chennai and Coimbatore are expected to showcase investment opportunities in their respective cities. "NRIs will get first hand information about the Indian real estate trends in the exhibitions. They can interact with the property developers and select property on the spot," said Mr V. Nagarajan, the organiser of the show and editor of Priya Publications. "We expect good response from Telugu NRIs since they understand the potential of Hyderabad where construction is in full swing," he added.

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NRI Investment In Real Estate

Real Estate in India



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