hyderabad edging out top cities to emerge as the top destination for property investment among nris adds another feather in hyderabads cap according to anarocks findings while until 2021 bengaluru pune and chennai were the top picks of most nri homebuyers hyderabad managed to edge all of them out to emerge as the number 1 city in india in nri investments in 2022in the early months of the year the city walked away with 22 of this market share the survey showed followed by ncr at 20 bengaluru stood third at 18local industry players say many with jobs overseas are now picking up office spaces and open plots as an investment option pushing the nri investment quotient of developers by 15 to 20 from 15 until last year my client base of buyers living outside india has grown to 30 though the ticket size of these purchases starts around 1 crore majority fall in the 2 crore to 25 crore bracket said a builder with projects along the it corridorand while us still walks away from the lions share nris from canada the uk europe middle east and various asian countries too are seen parking their money here the investments some say are as high as 10 crorehyderabad has been doing very well commercially in fact it has positioned itself as one of the most active commercial markets in south india not surprising then that nris are looking to capitalise on this market especially considering the depreciating value of rupee said prashant thakur senior director and head research anarock group factors such as proactive governance robust infrastructure ease of doing business and quick approvals have also placed the spotlight on hyderabads office market he added the lucrative returns are another reason i bought an apartment in gachibowli last year for 12 crore and the value of it has already appreciated by 30 now my friends and i are planning to buy some plots along the srisailam highway said manish sinha an it professional who moved to the us in 2019 after working in hyderabad for seven yearsthe amount of business nris are bringing to hyderabad is astounding that is also because the city has managed to offer core infrastructure and other amenities like connectivity at a great price point nationally it is interesting to see that even tier 2 cities like kochi and mysore are drawing such buyers even though their base is small ashish kukreja md ceo homesfy a real estate brokerage platformi have invested in commercial and open plots in mokhila only because of great returns thats because the us economy is slow and the returns are hardly 2 to 3 in comparison returns on property in hyderabad are 30 to 40 in a year though it is not so high in commercial it assures a steady monthly income gaddam prasanna reddy senior it executive from glenelg maryland us