London: Indian-trotters world can buy half of London in 2017. According to estimates by Jones Lang LaSalle Meghraj (JLLM), a real estate company, Indians could spend as much as 128000 crore rupees (15 million pounds) in residential property in the United Kingdom, particularly London in the next decade, According to the Times of India.
The survey indicates that 1.9 million households in India are expected to have wealth of more than $ 500000 in the next 10 years, giving globally engaged the Indians money to buy assets abroad.
According to experts, research JLLM can be considered a reliable indicator of trends increasingly volatile property market. Companies belonging to cities like London are betting the Indians’ increasing purchasing power and greater engagement with the world, notably through education abroad.
Research indicates that London is increasingly international centre for higher education and the number of Indian students in the study; it has quadrupled since 2005 to nearly 20000. The report predicts that this trend can only continue, given to an increase cooperation programmers between India and London universities.
JLLM report of what is now the ideal time for other real estate companies to exploit opportunities in the Indian market, so that the product directly to them. On Monday, British-owned Company, Berkeley Group said that will soon launch two of its most interesting in exhibitions in Mumbai and Delhi next month.
Paul Vallone Berkeley Group, which has an annual turnover of over one billion pounds, said: “As the middle class in Asia is expanding, several of them are looking abroad for good investment opportunities. Parent’s apartment they can choose to send their children when they go to college, while business travelers often buy a “blockade and stop the aircraft may be used for travel in London.”
The level of perception of India’s purchasing power can be appreciated in the price of 235000 pounds (2006 crore rupees) and 399950 pounds (3424 crore rupees) for the city Berkeley Group India launch of two events just three weeks from now.
JLLM, is an east wing of the Indian multi-national property management company appointed by Forbes and Fortune as one of the world 100 magazines and 400 best big companies.
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