Pay 1 Crore to Make an Entire Island Your Dream Home

"Indian clients usually prefer turnkey projects where everything is ready on the go. But there aren't too many islands like that," added Krolow.

Unexpectedly, people with older age prefer to buy islands, in today’s generation, young buyers prefer urban properties and luxury apartments.

Now the question is how much a private island can cost? Although islands are available for prices between 1 crore and 3 crore, those islands do not come under quality islands category. "Despite the apparent saturation of islands, only perhaps as few as 5 per cent can be described as quality islands," says Vladi.

Such lower quality islands price have dropped further because of the number of islands displayed on the market. "That's why it is possible to buy an island for $50,000 in places like Canada, Scandinavia and even some parts of the U.S.," added Vladi.

"However, new technologies, such as water filtration and high speed internet, have made even these remote islands livable. So that has helped the market," said Krolow.

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