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Economic Times
a day ago
- Business
- Economic Times
Overseas luxury real estate: Here's why it is catching the eyes of HNIs
Getty Images Whether it's luxury penthouses in New York or heritage homes in London, high networth Indians are investing overseas. For India's affluent class, luxury real estate is more than a status symbol— it's an investment strategy that blends capital appreciation, lifestyle enhancement, and portfolio diversification. Increasingly, this strategy is looking beyond India's borders. The surge is evident. According to the India Luxury Residential Outlook Survey 2025 by India Sotheby's International Realty, interest in overseas real estate has more than doubled, rising from 10-11% to 22%. For HNIs and UHNIs, global property investments are no longer just aspirational, they are tactical. Whether it's luxury penthouses in New York or heritage homes in London, high networth Indians are investing overseas. Over the years, Indian billionaires like Lakshmi Mittal, Adar Poonawalla and Ravi Ruia have continued to invest in luxury properties in Dubai, London and New York. With global mobility on the rise, investors are confidently staking their claim in the world's most desirable explore why international real estate is catching the eye of India's wealthy, where they are investing, and what savvy investors must watch out capital appreciation: Established global hubs like London, New York and Dubai have long demonstrated robust long-term price appreciation. In 2024, Dubai's prime residential prices rose by 6.8%, with forecasts predicting a further 15-20% rise in 2025, driven by policy reforms, foreign investor incentives, and infrastructure development under the Dubai 2040 Urban Master Plan. These cities attract talent, capital and corporates, all of which contribute to housing demand. For investors, it's a steady compounding story with international hedge: Investing in dollar- or pound-denominated assets creates a natural hedge for Indian investors. During periods of rupee depreciation or domestic inflation, the value of these global assets often holds or appreciates, enhancing the wealth preservation function of the asset income: Luxury real estate in top-tier markets is a magnet for premium tenants—executives, diplomats and international students. In central London, for example, rental yields typically range from 3.5% to 4.5%. New York's Manhattan mirrors this, offering dependable rental income from a well-established tenant steady yield stream enhances the investment's overall return, making it both income- and asset appreciation-driven. Price-to-value comparison: Investing in global real estate today represents a strategic value-driven decision. Consider two prime examples. In Central London, a one-bedroom luxury apartment is currently priced around £850,000, reflecting the city's prestige, stability, and sustained international appeal. Meanwhile, across the Atlantic in New York's prestigious Upper East Side, a comparable one-bedroom condominium is available at approximately $750,000 Factor in better build quality, global amenities, and strong rental yields, and the math starts to make sense. Simply put, Indian investors are weighing not just square footage, but lifestyle, legacy, and long-term value. Lifestyle, education, legacy value: For many, the draw is also emotional and aspirational. A home in Central London or Manhattan offers global mobility, lifestyle cachet, and proximity to elite education institutions. In 2024 alone, over 1,40,000 Indian students received UK study visas—a 35% rise—creating demand for family-oriented housing in areas like Kensington and Ealing. These homes often become multi-generational legacy assets as well, passed down not just for their monetary worth, but for their symbolic global footprint too. Complex regulatory landscape: Each country has its own tax labyrinth. In the US, non-resident investors are subject to federal and state levies, including FIRPTA (Foreign Investment in Real Property Tax Act), which withholds tax on sale proceeds. The UK can impose up to 15% Stamp Duty Land Tax (SDLT) for foreign buyers. Further complexities arise with capital gains, rental income taxation, and estate duties. RBI's LRS cap: India's Liberalised Remittance Scheme (LRS) limits individuals to remitting $250,000 per financial year. Families can pool limits (up to $1 million), but luxury real estate in prime London or New York markets often exceeds this. Compounding the issue is a six-month usage clause, limiting investment flexibility. Legal and local knowledge gaps: Investing abroad isn't just about picking the right city. Buyers must assess title clarity, zoning regulations, developer credibility, and local market dynamics. A lack of due diligence can result in costly mistakes. High maintenance and management costs: Luxury homes demand luxury upkeep. From service charges, building maintenance and tenant management, these hidden costs can dent yields and add to the logistical burden. Changing rules and policies: Markets evolve. New York's rent regulation changes have impacted rental margins. Dubai's shifting visa norms and property ownership reforms could evolve. Global property ownership requires agility and a long-term view. Overseas luxury real estate presents Indian HNIs with a compelling blend of returns, lifestyle, and strategic diversification. But this is a high-involvement play. It demands due diligence, regulatory awareness, and trusted local partnerships. Done right, a home abroad can be more than a financial asset. It becomes a gateway to global living, future-proofing one's wealth, and passing on a legacy with international roots. The Author is DIRECTOR, INTERNATIONAL, INDIA SOTHEBY'S INTERNATIONAL REALTY
Time of India
a day ago
- Business
- Time of India
Overseas luxury real estate: Here's why it is catching the eyes of HNIs
Overseas luxury real estate is a high-involvement play. It demands due diligence, regulatory awareness, and trusted local partnerships. Done right, a home abroad can be more than a financial asset. It becomes a gateway to global living, future-proofing one's wealth, and passing on a legacy with international roots. Tired of too many ads? Remove Ads Global real estate appeal Tired of too many ads? Remove Ads Likely hurdles Tired of too many ads? Remove Ads The bottom line (Disclaimer: The opinions expressed in this column are that of the writer. The facts and opinions expressed here do not reflect the views of .) For India's affluent class, luxury real estate is more than a status symbol— it's an investment strategy that blends capital appreciation, lifestyle enhancement, and portfolio diversification. Increasingly, this strategy is looking beyond India's surge is evident. According to the India Luxury Residential Outlook Survey 2025 by India Sotheby's International Realty, interest in overseas real estate has more than doubled, rising from 10-11% to 22%. For HNIs and UHNIs, global property investments are no longer just aspirational, they are it's luxury penthouses in New York or heritage homes in London, high networth Indians are investing overseas. Over the years, Indian billionaires like Lakshmi Mittal, Adar Poonawalla and Ravi Ruia have continued to invest in luxury properties in Dubai, London and New York. With global mobility on the rise, investors are confidently staking their claim in the world's most desirable explore why international real estate is catching the eye of India's wealthy, where they are investing, and what savvy investors must watch out global hubs like London, New York and Dubai have long demonstrated robust long-term price appreciation. In 2024, Dubai's prime residential prices rose by 6.8%, with forecasts predicting a further 15-20% rise in 2025, driven by policy reforms, foreign investor incentives, and infrastructure development under the Dubai 2040 Urban Master cities attract talent, capital and corporates, all of which contribute to housing demand. For investors, it's a steady compounding story with international in dollar- or pound-denominated assets creates a natural hedge for Indian investors. During periods of rupee depreciation or domestic inflation, the value of these global assets often holds or appreciates, enhancing the wealth preservation function of the asset real estate in top-tier markets is a magnet for premium tenants—executives, diplomats and international students. In central London, for example, rental yields typically range from 3.5% to 4.5%. New York's Manhattan mirrors this, offering dependable rental income from a well-established tenant steady yield stream enhances the investment 's overall return, making it both income- and asset in global real estate today represents a strategic value-driven decision. Consider two prime examples. In Central London, a one-bedroom luxury apartment is currently priced around £850,000, reflecting the city's prestige, stability, and sustained international appeal. Meanwhile, across the Atlantic in New York's prestigious Upper East Side, a comparable one-bedroom condominium is available at approximately $750,000Factor in better build quality, global amenities, and strong rental yields, and the math starts to make sense. Simply put, Indian investors are weighing not just square footage, but lifestyle, legacy, and long-term many, the draw is also emotional and aspirational. A home in Central London or Manhattan offers global mobility, lifestyle cachet, and proximity to elite education institutions. In 2024 alone, over 1,40,000 Indian students received UK study visas—a 35% rise—creating demand for family-oriented housing in areas like Kensington and Ealing. These homes often become multi-generational legacy assets as well, passed down not just for their monetary worth, but for their symbolic global footprint country has its own tax labyrinth. In the US, non-resident investors are subject to federal and state levies, including FIRPTA (Foreign Investment in Real Property Tax Act), which withholds tax on sale proceeds. The UK can impose up to 15% Stamp Duty Land Tax (SDLT) for foreign buyers. Further complexities arise with capital gains, rental income taxation, and estate Liberalised Remittance Scheme (LRS) limits individuals to remitting $250,000 per financial year. Families can pool limits (up to $1 million), but luxury real estate in prime London or New York markets often exceeds this. Compounding the issue is a six-month usage clause, limiting investment flexibility.: Investing abroad isn't just about picking the right city. Buyers must assess title clarity, zoning regulations, developer credibility, and local market dynamics. A lack of due diligence can result in costly homes demand luxury upkeep. From service charges, building maintenance and tenant management, these hidden costs can dent yields and add to the logistical evolve. New York's rent regulation changes have impacted rental margins. Dubai's shifting visa norms and property ownership reforms could evolve. Global property ownership requires agility and a long-term luxury real estate presents Indian HNIs with a compelling blend of returns, lifestyle, and strategic diversification. But this is a high-involvement play. It demands due diligence, regulatory awareness, and trusted local partnerships. Done right, a home abroad can be more than a financial asset. It becomes a gateway to global living, future-proofing one's wealth, and passing on a legacy with international Author is DIRECTOR, INTERNATIONAL, INDIA SOTHEBY'S INTERNATIONAL REALTY
Time of India
22-05-2025
- Business
- Time of India
ASK Curated Luxury Assets Fund raises ₹500 crore to invest in luxury housing projects
NEW DELHI: ASK Property Fund and India Sotheby's International Realty (ISIR) backed real estate fund has raised Rs 500 crore to invest in luxury housing projects across major cities. ASK Curated Luxury Assets Fund- I (ASK CLAF I), an Alternative Investment Fund (AIF), on Thursday announced its initial close. "This fund, aimed at investing in luxury residential projects, has evoked interest from many of India's prominent family offices, Ultra-High-Net-Worth Individuals (UHNIs), securing an investment corpus of Rs 500 crore within 3 months of its launch," ASK Property Fund said in a statement. This fund plans to immediately start deploying funds as per its investment strategy and aims to raise a total of Rs 1,500 crore, including a green shoe option of Rs 500 crore, towards its final close. The AIF will provide funding in early-stage projects at favourable entry points, mainly in high-end residential projects in major cities, as well as horizontal projects such as second homes and holiday homes. As an equity-focused fund, it aims to target the profit margin of the project, striving to achieve a minimum multiple of 2 times or more of invested capital. ASK Curated Luxury Assets Fund I, registered with the Securities and Exchange Board of India ( SEBI ) as a Category II Alternative Investment Fund under the SEBI AIF Regulations. ASK Property Fund, the real estate arm of the Blackstone-backed ASK Asset & Wealth Management Group, is the investment manager and sponsor of the AIF, while India Sotheby's International Realty is co-sponsor and real estate advisor.
Hindustan Times
22-05-2025
- Business
- Hindustan Times
ASK Property Fund, ISIR-backed real estate AIF raises ₹500 crore for Investment in luxury housing projects
ASK Property Fund and India Sotheby's International Realty (ISIR) backed real estate fund has raised ₹500 crore to invest in luxury housing projects across major cities within three months of the launch of its Alternative Investment Fund platform, ASK Curated Luxury Assets Fund- I (ASK CLAF I), the company has said. "This fund, aimed at investing in luxury residential projects, has evoked interest from many of India's prominent family offices, Ultra-High-Net-Worth Individuals (UHNIs), securing an investment corpus of ₹500 crore within 3 months of its launch," ASK Property Fund said in a statement. The fund is primarily focused on capitalising on the expected growth of India's luxury real estate market. It plans to invest in early-stage developments at attractive entry valuations, with a focus on premium residential projects in major cities, as well as horizontal developments like second homes and holiday properties. As an equity-focused vehicle, the fund aims to capture the project's profit margin and is targeting a minimum return of 2x or more on invested capital, Ask Property Fund said. This fund plans to immediately start deploying funds as per its investment strategy and aims to raise a total of ₹1,500 crore, including a ₹500 crore green shoe option, towards its final close. Also Read: ASK Property Fund and India Sotheby's International Realty join hands to launch ASK curated luxury assets fund ASK Curated Luxury Assets Fund I is registered with the Securities and Exchange Board of India (SEBI) as a Category II Alternative Investment Fund under the SEBI AIF Regulations. "This collaboration and strategy present a unique proposition. The fund benefits significantly from SIR's capability to monetize projects through its extensive network, experience, and access to premium land parcels. We believe the fund can secure exclusive deals for our select developer partners via curated opportunities and maximize returns through well-structured investments," Amit Bhagat, co-founder, CEO and MD at ASK Property Fund, said. ASK Property Fund, the real estate arm of the Blackstone-backed ASK Asset and Wealth Management Group, is the investment manager and sponsor of the AIF, while India Sotheby's International Realty is co-sponsor and real estate advisor.
Business Mayor
22-05-2025
- Business
- Business Mayor
ASK curated luxury assets fund raises Rs 500 crore
The fund plans to immediately start deploying as per its investment strategy and aims to raise a total of Rs 1,500 crore, including a green shoe option of Rs 500 crore, towards its final close. 'We have industrialists, eminent professionals, family offices, and discerning HNI investors who have participated in the funding round. With the luxury residential market now entering a more mature phase, and the initial exuberance beginning to stabilise, we are confident of striking smarter, better-valued deals with landowners and developers alike,' said Amit Goyal, MD, India Sotheby's International Realty. Registered with the Securities and Exchange Board of India (SEBI) as a Category II Alternative Investment Fund under the SEBI AIF Regulations, it is a collaboration between ASK property fund, the real estate arm of the Blackstone-backed ASK asset & wealth management group and India Sotheby's International Realty (SIR). 'This positions us to unlock high-impact opportunities at the right value, maximising the upside potential for our investors. Over the last eight years, we have executed hundreds of prime land transactions across India. Leveraging this deep market insight and transaction expertise, we will now focus on luxury developments featuring serviced residences in selected micro-markets with strong, sustainable demand,' Goyal said. The primary focus of this fund is to leverage the projected growth in India's luxury real estate market. It intends to provide funding in early-stage projects at favourable entry points, mainly in high-end residential projects in major cities, as well as horizontal projects such as second homes and holiday homes. As an Equity-focused fund, it aims to target the profit margin of the project, striving to achieve a minimum multiple of 2 times or more of invested capital.'The fund benefits significantly from SIR's capability to monetize projects through its extensive network, experience, and access to premium land parcels. We believe the fund can secure exclusive deals for our select developer partners via curated opportunities and maximize returns through well-structured investments,' said Amit Bhagat, Co-Founder, CEO & MD at ASK Property Fund. ASK Property Fund is the alternate asset investment arm of the ASK group set up to manage and advise real estate dedicated funds. The focus is on private equity investments in self-liquidating mid-income and affordable residential and commercial segments. It has raised around Rs 8,000 crore since 2009. The Sotheby's International Realty network is present in 83 countries and territories with 1,100 offices and 26,400 sales associates, achieving a transaction volume of USD 143 billion in 2023. The fund aims to complete its first close in Q1 of FY 2026 and its final close by Q3 of FY 2026, followed by the greenshoe option. It plans to fund 3-4 projects annually, with each project's units priced at Rs 8 crore and above.
