Top Destinations Where Wealthy Indians Are Buying Homes

BANGALORE: Welcome to the world of High Net worth Indians. “Propelled by increasing globalization and India’s growing integration with the world economy, there is a small, yet growing tribe of Indians who are buying luxury homes in other parts of the world,” suggests a report by Kotak Wealth Management and Crisil Research. The major factors driving the ultra rich Indians to make real estate purchases in overseas locations are-the real estate prices of Indian metros, which are almost equal to those of Dubai, Singapore and Rome; lifestyle benefits that overseas locations offer and the exclusivity of owning a home in a foreign location

“Some of the fanciest districts in the world, such as Kensington, Belgravia or Holland Park in London or prestigious locations such as the Burj in Dubai and Nassim Road in Singapore are among the most popular global locations for Indian ultra HNIs to own luxury residential properties,” Kotak Wealth Management and Crisil Research said in a recent report.”

Singapore: This city-state is the fourth largest financial centre of the world and is known for its diverse population.Uniform temperature, clean environment, better managed public infrastructure are the reasons going in favor of Singapore. The official languages of Singapore include English and Tamil. An open and vibrant life style and relative low taxation attracts elite Indians. Singapore’s proximity to India also acts in its favor. Nassim Road remains the hot favorite location of high net worth Indians to buy property in Singapore. The city is accessible to all parts of the world and has good air connectivity. A stable political scene and vibrant economy makes it an attractive investment destination.

Read More:

India to Seek Easing Of U.S. Curbs on Importing Gas

Two Indians among America's Most Powerful CEOs Under-40