11-06-2025
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.
