Indian Billionaires among Top Buyers of London Houses

From last 18 months, Indian billionaires like to invest nearly 1 billion pounds to buy deluxe flats in the heart of London and selecting this best option to Britain based buyers, said in the recent statement.  These Indian mega rich are probably anticipated to spend another 500 pounds million on improvement in the coming five years, said in the up-to-date report. According to up-to-date analysis, Indian ultra-high net worth individuals are buying deluxe and super apartments, hotels and estates in London against the framework of a wavering real estate sector back home in the country.

The group of property buyers as well as investors to British based buyers spent nearly 450 million pounds buying 221 luxury apartments in the prime central London in 2013 year, with top three most fabulous locations being Mayfair, Belgravia and St Johns Wood. Home buyers accounted for 30% of property in Mayfair, on other hand wealthy Indians have snapped up to 25%. According to accurate valuation, “Almost 3000 ultra-high net worth Indian families discharge the heat of the country in the summer and relocate to their luxury houses in London also perceived as an international investment safe haven.”  Keeping away from private money, Indian builders are also entering in London property market. They can catch the excellent opportunity for purchasing lavish properties or investing in real estate sector. Thus, London property market is very profitable option for upcoming investors.