Thirty Hyderabad property firms are making their US debut in spite of trade and immigration uncertainties under Donald Trump. The first shows by the firms will be in April. They will be held in Frisco in Dallas and Santa Clara in California. These will share with the Telugu diaspora the projects for sale in the city.
Developers feel the time is right as the local market is weak and the dollar is strong. V Rajasekhar Reddy, President of CREDAI-Hyderabad, says they aim to build up NRI faith in the Hyderabad market. They aim to dispel fears buyers have of its collapse. The dates and final participant list of the shows are yet to be announced.
The shows will have grand projects of Rs. 2 to 2.5 crores upwards in Gachibowli-Narsingi-Kokapet. There will also be projects from the east of the city, such as Uppal. This mix is because a large part of the community comes from districts such as Nizamabad, Kamareddy, etc. They might want to buy properties out of the IT hub.
About 20-25% of the projects will be from other areas. These will be both housing and commercial spaces. Many people are now investing in commercial ventures for their higher returns.
The plan to have shows has been well-received. Chandra Sriramoju is a Seattle-based senior tech executive who has bought two properties. He said people want to buy homes in Hyderabad. They do worry, though, about the negative feelings in the market because of the HYDRAA crackdown and high costs.
He stated that people will be happy to invest if firms share all the details. Good offers will also bring in more buyers. Sriramoju says the strong dollar and ease of borrowing in the US have made the Telugu populace favoured clientele for builders.
In the US, about 60-70% of Indians are on H-1B visas. The feeling was that the new policies would discourage investments. However, there is a high interest in real estate. A realty firm proprietor shared that Telugu people are definitely looking at homes in Hyderabad. These are safety nets for them in case things do not work out in America.
The market in Hyderabad grew by 7% in 2024, with 76,613 homes sold. Low prices and good infrastructure are bringing in buyers. The forecast for 2025 shows high demand and more NRI investments.
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