Cross border residential investment by Indians in international markets
like the UK is increasingly gaining prominence. According to the report
released by Jones Lang LaSalle today, 'UK-India Cross-border Residential
Investment', Indians could potentially own 20,000 - 30,000 UK residential
properties over a 10 year horizon. A favorable investment environment
makes the UK a preferred residential investment market for India's burgeoning
middle class population. With no restrictions on Indians investing in
UK residential property and strong house price growth, the market will
continue to see the current investment size of £0.6 - £1.2
million grow exponentially over the next 10 years, according to the
report. Indians as well as Non Resident Indians are increasingly buying
property in the UK.
In response to this growing appetite for UK property, The Berkeley
Group, one of the most respected names in the UK property market, will
be launching two of its most exciting developments at exhibitions in
Mumbai and Delhi.
Using the specialized local knowledge of Homebay Residential - the
residential arm of Jones Lang LaSalle Meghraj, these developments will
be exhibited in both Mumbai and Delhi.
Raminder Grover, Managing Director, Homebay Residential (a subsidiary
of Jones Lang LaSalle Meghraj), said "UK-based developers are increasingly
interested in attracting investors from India. They are targeting not
only the high net individuals but also the upper middle segment. The
UK thus represents a very amenable market for Indian investors…"