Indians who own property in London are a diverse group of individuals who have lived in the UK for generations, non-resident Indians (NRIs), investors from other countries, students, and families traveling to the UK for education. These individuals are willing to invest significant amounts in the real estate market in London, with prices ranging from GBP 290,000 to GBP 450,000 for a one to three-bedroom apartment.
Here is a list of some famous personalities who own/owned property in London:
Name | Property | Value | Location |
Adar Poonawalla | 25,000 sq ft Mayfair mansion | £138 million | Mayfair |
Lakshmi Mittal | Summer Palace | Bought in 1996 for £7 million | Bishop Avenue |
Lakshmi Mittal | 12-bedroom house with parking for 20 cars | £70 million | Kensington Palace Gardens |
Hinduja Brothers | 13-16 Carlton House Terrace | £58 million | City of Westminster |
Hinduja Brothers | Old War Office building | £1.2 billion | Whitehall |
Mukesh Ambani | Stoke Park hotel - a 900-year-old hotel with 49 bedrooms and 27-hole golf course | £57 million | Outskirts of London |
Key Findings
Table of contents [Show] 1. Largest Group of Property Owners | Indians are one of the largest group of home/property owners in London. |
2. Investment Patterns | Indian investors are attracted to London due to its status as a financial and educational hub, similar legal systems between London and India, and better returns due to exchange rates. |
3. Price Range | Indian investors are willing to pay between GBP 290,000 and GBP 450,000 for a one to three-bedroom apartment in London. |
4. Demand | There is a strong demand from Indian investors who want to purchase properties in London. This is because they want to invest in the stable and long-term property market. |
5. Market Confidence | The market fundamentals, market confidence, and history of Indians investing in homes in London contribute to their comfort with buying property in the UK. |
Market Trends
The London real estate market is attractive to Indian investors due to its stability, good weather, and quicker travel times compared to other international markets. The UK is also a popular destination for education, with a significant increase in the number of Indian students applying to UK colleges and universities - about 128% increase in one year.
According to Barratt London, Indian home buyers are projected to account for 15% of their clientele in the UK within the next three years. This surge, they claim, is attributed to several factors, including the growing affluence of Indian buyers, favorable exchange rates, and the perceived stability of the UK property market.
Historically, London has been a preferred destination for international real estate investment due to its robust legal framework, transparent property laws, and high rental yields. Indian investors are increasingly drawn to these benefits, seeking both residential and commercial properties.
Conclusion
Indians are among the biggest property buyers in London, driven by factors such as the city's status as a financial and educational hub, similar legal systems between London and India, and better returns due to exchange rates. The demand for London properties among Indians is strong, with prices ranging from GBP 290,000 to GBP 450,000 for a one to three-bedroom apartment. The list of notable individuals involved in the London real estate market stated above, highlight the preferences of Indian property buyers and the market trends driving their investments.
