Indians have become the largest group of property owners in London, surpassing even the English citizens, according to a report by a London-based real estate firm. The range of property buyers includes non-resident Indians (NRIs), international investors, and families relocating to the UK for business and employment opportunities.
Indian buyers are increasingly drawn to London’s stable property market, investing in properties ranging between GBP 290,000 and GBP 450,000, from one-bedroom apartments to three-bedroom homes in central London. This growing trend highlights India’s significant global presence and its influence on London’s real estate market.
The report attributes the trend to several factors, including London’s transparent legal framework, attractive tax norms, competitive property prices compared to Indian metros like Mumbai, favorable currency exchange rates, and promising returns on investment.
Additionally, the rise in Indian students pursuing higher education in the UK has driven demand for housing near universities. Over the past year, student applications to the UK from India surged by 128%, prompting many Indian families to purchase homes near educational institutions.
London has long been a favored destination for property buyers, including celebrities from around the world. Notable Indian personalities who own properties in the city include Shahrukh Khan, Sonam Kapoor, Ajay Devgn, Shilpa Shetty, and cricket legend Sourav Ganguly, who have homes in some of London’s most exclusive neighborhoods.
The trend reflects India’s growing influence on the global real estate market, not just in London but also within India. For instance, Mumbai—a hub for millionaires and billionaires—has seen property registrations surge. During the recent Navratri festival, property registrations in Mumbai increased by 13%, with 5,199 units registered compared to the previous year.
Luxury home prices in Mumbai also rose by 11.5% year-on-year, making it the third-fastest growing market in the Asia-Pacific region for luxury real estate.
This surge in property ownership, both in London and Mumbai, underscores India’s expanding economic footprint and the growing wealth of its citizens
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