London has long been a popular destination for wealthy Indians looking to invest in real estate. From industrialists and Bollywood celebrities to families with children studying in the city, Indians have been drawn to London’s property market for various reasons.
Property prices in London are now comparable to major Indian cities like Mumbai and Delhi, with 1BHK units starting at ₹3.2 crore and 3BHK units at ₹5 crore and above. Some of the preferred locations for wealthy Indians include Mayfair, Marylebone, and Oxford Circus.
Experts cite multiple factors for London’s appeal, including business opportunities, stable capital appreciation, currency diversification, and efficient taxation. Despite concerns over Brexit, London’s real estate market has continued to grow in recent years.
The city’s status as a quality education hub, along with its liberal culture, also attracts Indian investors. Additionally, the stable rental yield and capital appreciation in London make it an attractive investment option for wealthy individuals.
According to a Knight Frank report, the number of ultra-high net worth individuals in India is growing, leading to an increase in wealth transfer to foreign destinations like London. Many ultra-rich Indians see owning properties in prime cities like London as a status symbol and matter of prestige.
Indian developers have also entered the UK market, with companies like Lodha Group and Property Share making investments in London’s real estate sector. Corporate titans like Mukesh Ambani and Adar Poonawalla are among the notable Indian individuals who own properties in London.
Overall, London’s appeal to wealthy Indians lies in its stable real estate market, business opportunities, quality of life, and status as a global financial hub.