Indians Ruling in Texas Real Estate
Indians are doing well in the US is an understatement. From making it to the Senate to leading the growth trajectory in the United States, Indian Americans are surely making headlines. So, when you are flush with funds, what does one do? Obviously, put their money in real estate and so are rich Indians who are investing in properties in Central Texas.
Incidentally, they now form the largest percentage of international buyers at 21 percent, racing ahead of Mexicans (10 percent), Chinese (6 percent), and Canada (4 percent), according to Central Texas International Homebuyers Report, 2022.
Central Texas is looked upon as a good alternative to expensive metropolitan areas like New York and San Francisco for Indian homebuyers. In fact, a local realtor maintains that the market is sort of ‘exploding’. Indians mostly bought properties in Williamson County followed by Travis County and preferred south or east-facing homes as per Vastu or Indian feng shui.
International homebuyers spent $613 million between April 2021 and March 2022 and opted for a diverse range of housing options from apartments, and condos to single-family homes, though the top priority was for single-family homes.
The Indian buyers also included non-citizens who are in the U.S. on a green cards. A signficant number of Indians who are on H1B visas contributing to the real estate boom.
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