News & Views on Indian Real Estate

Wednesday, August 20, 2008

UK Realty Developers trying to woo Indian Buyers

The property agents of UK are targeting an estimated 1.25 lakh Indian dollar millionaires, who might invest nearly $30 billion (Rs 1.2 lakh crore) over the next decade in London. Home prices in the UK have fallen due to the loan crisis and it is anticipated that rich Indians could stabilize the market. Some agents like Berkley Homes are flying in senior executives to make direct contacts with would-be buyers in India to woo them to London, particularly to addresses like Knightsbridge and Kensington or places like Hampstead and St. John’s Wood, which have an abundance of Indians. "With relaxed rules in India and the burgeoning economy, middle class in India is now showing keen interest in buying properties here. Over 100 enquiries have come in, in the last few months. Many among them are serious buyers," Mr. Jaideep Singh, who heads the India desk at Knight Frank said.

manish said...

Indian real estate market is attracting a lot of overseas investor due to its growing trend.

Anonymous said...

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