London's Top Firm Tempts Indian Buyers for Housing Project

Bangalore:  Berkeley group, the prominent real estate firm in London enticing Indian buyers to acquire homes in its premium housing project called 'One Tower Bridge' placed on the banks of river Thames.

Currently, the management of Barkley Homes displayed their luxury projects to Indian home buyers and investors. Nearly 3.6 percent of investors and buyers from Indian invest in London’s prime properties, according to property consultancy, Knight Frank. 

However, the project 'One Tower Bridge' of Berkeley Homes, houses around 400 units and it is located between the iconic ‘Tower Bridge’ of London and City hall on the south bank.

According to Piers Clanford, Berkeley Homes Managing Director cited that "We have come here in India for the first time to promote our products. We are meeting people since yesterday and we have got a good response," reports Economic Times.

Clanford further added that the completion of the project has been scheduled by 2016 and the total amount of investment would be around 350 million pounds.  "Prices starts from about 9,00,000 pounds and goes up to 20 million pounds," said Clanford.

Sebastian Warner, Knight Frank Partner stated that "We expect as much as 10 per cent of sales from Indian, which includes those who are already living in London," said Knight Frank Partner, Sebastian Warner, who also added that "it is a safe and secured market. Titles are clear".

 According to Warner, London property market is witness healthy market growth and also the housing price may increase by 20 percent in coming four years.