Why Indians not into buying land & build homes in US ?

[JackSeal]

58 minutes ago, Saaho said:

Oka group of friends kalisi ...5 -10 acres land buy chesi .. we can build a community 10-15  homes kada...

 Is it difficult to get permissions/construction contacts ..?    I'm trying to understand why only few big builders are constructing homes and why we didn't try

Getting approvals and building is much more expensive than what big builders offer … you will burn your hands

[Telugodura456]

6 minutes ago, veerigadu said:

Adhi seyyali anteee....Investment gattiga kavaliiii.....You have to have alot of money upfront. Loans ki pothe high interest for such investments and also you have to pool with multiple investors.

Tharvatha profit making happens once you sell it. In the mean time, many things can go wrong and desi people dont want to risk it. 

Vomerica lo illu kattadam contractors tho deal seyyadam,....mana India lo mesthri la ni dobbinatuuu kadhuuu...10ngutharuuuu vallkiiii full demand ikkadaaa

Even restaurants lo mexican workers ne deal cheyyaleka thala pattukuntunnar chaala mandhi desis.

[Telugodura456]

THis will happen when indians start taking manual work ba - like roofing/basements/decks. THere are some indians doing it but really small. THose jobs need differen skills and a different orientation.

[Saaho]

31 minutes ago, csrcsr said:

Few relatives Florida lo land tosukoni town homes planned , they pooled money some wants to be sleeping partner some want to be active involvement but don't do any work and pani chese valaki pullalu petadam basically disorganized ga money pool chesaru they tried hard and wanted more money to finalize the project a time lo few backed off , they took office in Jackson ville worked with city to get permission etc etc all that effort watsed

 It looks like initial capital is the key so only big players who already own businesses can enter this space. 

Also this cannot be done if you are doing other jobs and so fulltime commitment is important .  

[Saaho]

36 minutes ago, hunkyfunky2 said:

This is already done , but not that easy as in India...

Land zoning etc need a big builder and some local politicians influence.. for ex: in most suburban locations, you need to lay roads or do some coffer developments to get permissions.

Small builders are blocked by big builders using their influence 

This is what I thought too..... aithe ikkada kuda we need influence to get all permissions haa so not easy we have only initial capital  🙄

[hunkyfunky2]

13 minutes ago, Saaho said:

This is what I thought too..... aithe ikkada kuda we need influence to get all permissions haa so not easy we have only initial capital  🙄

Yes...

It's all in zoning and permissions...

By default zoning doesn't allow building homes...

And then, you need water, sewage, electricity, schools etc.. that's why only big builders rule 90% of the market.

Even if you have prime land of 10 acres, if the developer owns surrounding land they either try to buy yours at  lower price or ignore you and build around you.

 

[ObiWan]

Bangalore based consultants started in Frisco,TX. No idea about the progress, but they have model home ready.

https://www.totalenvironmentusa.com/tapestry/

 

[Telugodura456]

14 minutes ago, ObiWan said:

Bangalore based consultants started in Frisco,TX. No idea about the progress, but they have model home ready.

https://www.totalenvironmentusa.com/tapestry/

 

bangalore based consultants tx lo ela kaduthunnaru ? designs baavunnayi.

[ObiWan]

11 minutes ago, Telugodura456 said:

bangalore based consultants tx lo ela kaduthunnaru ? designs baavunnayi.

Edho mari mothaniki try chesaru Corono mundara anukunta... oka model home thappa pedhaga forward vellinatlu ledu.. oko home 1.6 mil, ofcourse mana desis ki adhi pedh matter kadu kani. I think further maintenance, warranties, etc. and first time kada, mana vallu pedhaga encourage chesinatlu ledu. Also heard MyHome is also entering Dallas area, ofcourse that is from anta.com though.