Doubled in 5 years..., Why are Indian billionaires buying properties in THESE foreign cities? Is it just a status symbol or...
Doubled in 5 years..., Why are Indian billionaires buying properties in THESE foreign cities? Is it just a status symbol or...
Many wealthy Indians are now showing a strong interest in buying luxury homes outside India and specially in cities like Dubai, London, and New York. Over the last five years, this trend has grown significantly. Earlier, only about 10 to 11 per cent of wealthy Indians were investing in foreign properties, but now that number has increased to around 22 per cent.
A recent survey called India Luxury Residential Outlook 2025 shows that buying property abroad is no longer just about status. For many, it's a smart way to invest money as it helps them grow their wealth and improve their lifestyle. Big and famous names like Lakshmi Mittal, Adar Poonawalla, and Ravi Ruia are also part of this growing trend. Why are they buying property abroad?
According to Aakash Puri, Director at India Sotheby's International Realty, owning property in top global cities like London or New York helps investors gain global recognition because it is seen as a big achievement in social and financial circles. There are three main reasons why rich Indians are now more focused on international real estate: 1. Reliable and Growing Investment
In cities like London, Dubai, and New York, property prices have been steadily rising. For example, in Dubai, home prices in prime areas went up by 6.8 per cent in 2024. Experts believe that with Dubai's 2040 Urban Master Plan, prices could rise another 15-20 per cent by 2025 due to major development projects. 2. Protection from Rupee Value Fluctuations
When Indians buy property in dollars or pounds, they protect their money from the falling value of the rupee. Since global cities attract talent, businesses, and investors from around the world, property values there usually stay strong or go up. 3. Regular Rental Income
Luxury homes in London and New York often attract tenants like business leaders, diplomats, or international students. These homes earn good rental income. For example, in Central London, annual rent returns are usually around 3.5 per cent to 4.5 per cent of the property's value which is considered a solid return. More than just status
As per Aakash Puri, luxury property is no longer just a symbol of wealth or social status. Rich Indians now view it as a well-planned investment that gives long-term benefits. It helps grow their capital, improve how they live, and balance their investment portfolios.
So, instead of buying homes abroad just to show off, they are making smart, strategic decisions. Their properties are helping them grow their wealth steadily while giving them a better quality of life.
That's why the interest in international real estate is rising fast among India's rich.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Hindu
an hour ago
- The Hindu
PM to flag off first indigenous locomotive for export to Guinea on June 20 in Bihar
Prime Minister Narendra Modi will flag off the first locomotive manufactured at the Marhowrah factory in Bihar for export to the Republic of Guinea on June 20, the Railway Ministry said on Wednesday (June 18, 2025). "On June 20, 2025, Prime Minister Narendra Modi will flag off the first locomotive being exported to the Republic of Guinea," said Dilip Kumar, Executive Director of Information and Publicity, Railway Board. The Marhowrah facility will supply 150 locomotives worth more than ₹3,000 crore for SimFer's Simandou iron ore project in Guinea, Africa, in three years. According to Mr. Kumar, 37 locomotives will be delivered in the current financial year, 82 in the next, and the remaining 31 in the third year. All locomotives will feature air-conditioned cabins and will be capable of hauling 100 wagons in pairs at maximum permissible speed, he said. The Ministry noted that three types of tracks— broad gauge, standard gauge and cape gauge— have been laid at the Marhowrah factory for manufacturing these locomotives. The export project was secured through global competitive bidding, highlighting India's capabilities in world-class manufacturing. Mr. Kumar said the locomotives will come equipped with best-in-class emission standards, fire detection systems and ergonomic crew cabins with modern amenities such as a refrigerator, microwave and waterless toilet. "They are fitted with DPWCS (Distributed Power Wireless Control System) for synchronised operations and superior freight handling. This positions the Marhowrah factory as a global hub for locomotive exports, boosting local employment and technology," he said. The Ministry said the export will help build infrastructure for Guinea's largest iron ore project and strengthen India-Africa economic ties. "This is a shining example of Atmanirbhar Bharat powering global infrastructure through innovation and quality manufacturing. We hope that Indian firms receive more such orders from other countries in future," Mr. Kumar added.
Time of India
an hour ago
- Time of India
Rising crude prices pose a risk for India, says CEA
NEW DELHI: Rising global crude oil prices, triggered by the conflict between Israel and Iran, pose a risk for India, a top official said on Wednesday, adding that the impact on the economy, however, would depend on the extent of the increase and how long it lasts. "The current conflict between Israel and Iran may not be too good for us. In the last week, crude oil prices rose to about $73-74 per barrel. This raises essential risks for India," chief economic adviser V Anantha Nageswaran told a news agency in Thiruvananthapuram. He said in 2022, when the Russia-Ukraine war started, crude oil prices went to $100 per barrel. "Yet the economy was able to sustain a 7% growth rate. A lot depends on how much the crude oil prices rise further and how long that period lasts," Nageswaran said. He also said that the Indian economy maintained a good growth rate in 2024-25 at 6.5% against the backdrop of an uncertain and complex global situation, and in 2025-26, it is estimated between 6.3-6.8%. "To achieve 6.5% on a steady basis in this environment is a creditable achievement. India is poised to maintain that track record," said Nageswaran. He also said that the difference between India's growth rate and the average growth rate of developed economies is much higher now than it was between 2003 and 2008 when India's economy was growing at 8-9%. Nageswaran said the current govt unveiled a number of reform measures, which should help in boosting growth. "If we are able to move faster and convey a sense of dynamism, we can improve on our growth rate," he said. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
an hour ago
- Time of India
Heat insurance: Rs 3,000 for workers
MUMBAI: Intense heat has triggered a first-of-its-kind insurance payouts, with Digit Insurance settling claims for migrant labourers in Noida after temperatures crossed 42 degrees Celsius. The payouts, based on weather thresholds rather than actual losses, aim to provide quick financial relief without lengthy claim assessments. Digit Insurance, in partnership with K M Dastur Reinsurance Brokers and Jan Sahas Foundation, is offering this heat-index based cover to workers across Delhi, Noida, Ghaziabad, Gurgaon, Faridabad, and Lucknow. "Digit's heatwave parametric insurance is a crucial step in providing migrant labourers with a much-needed safety net," said Adarsh Agarwal, chief actuary and product officer at Digit Insurance. The policy pays up to Rs 3,000 when temperatures cross thresholds for five consecutive days, with an additional payout if the breach lasts 10 days. The threshold temperatures range from 42 to 43.7 degrees Celsius, varying by city. Many of the covered workers depend on daily wages and are exposed to heat-related risks such as heatstroke. In 2024, India recorded 67,637 suspected heatstroke cases and 374 deaths. The cover also includes a hospitalisation cash allowance of up to Rs 5,000 for any accidental bodily injury or illness during the coverage period, regardless of temperature. Jan Sahas Foundation is bearing the premium for the identified migrant workers. This is Digit Insurance's second collaboration with KMD and Jan Sahas. The three had earlier partnered to offer AQI-based parametric insurance to daily wage workers in Delhi-NCR. In May 2023, ICICI Lombard, in collaboration with Swiss Re, introduced a similar policy for 50,000 women labourers associated with SEWA across 22 districts in Gujarat, Rajasthan, and Maharashtra. That policy paid automatic cash compensation once temperatures exceeded set limits, making it the first Indian initiative specifically addressing heat-related livelihood loss. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
