NRI Real Estate and Property Investment in India
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India-UK Cross Border Investment Set to Grow
Monday, August 11, 2008

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…"

 

 

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