Pay 1 Crore to Make an Entire Island Your Dream Home

Bangalore: If you are thinking that buying a private island costs more than properties in India’s upscale cities like Mumbai and Delhi, then it is time to give your thinking a pause. An exotic private island with beautiful scenic view can cost less than a flat in Mumbai’s posh locality Bandra or Delhi’s Lutyen’s Bungalow Zone (LBZ).

To become a proud owner of a private island, buyers have to spend some crores. However, in some places buying an island can become difficult because of their stringent rules for foreign buyers. "The likes of Thailand, the Philippines, Indonesia and even India forbid foreigners from securing freehold objects, some preferring to offer leases to clients," said Farhad Vladi of Vladi Private Islands, which has 40 years of experience in buying and selling of islands, reports Avantika Bhuyan of Business Standard.

Owning an island could be a good investment but it also can get affected because of economic slowdown. For instance, "Nautilus Island in Maine, once valued at $12 million dollars, was be sold recently by its owner only for $2 million." added Vladi.

Indian buyers or investors do not really buy islands to enjoy the blissful view of the surrounding instead they look through investment angle or for developing luxury resorts, which is way different than clients from foreign countries.

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