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Following Mukesh Ambanis 27-story residential skyscraper in Mumbai and steel magnate Lakshmi Mittals extravagant palatial London dwelling comes news of the recently refurbished $160-million Hinduja family estate a stones throw from Buckingham Palace
The four Hinduja brothers, who are known for avoiding the limelight, derive their vast wealth from the London-based Hinduja Group conglomerate. Of these, the two elder brothers, Srichand and Gopichand Hinduja feature among the top 10 billionaires in the U.K., according to the Sunday Times of London.
A few years ago, it was the Russians who were perceived to be far ahead of the global race to buy up the fanciest addresses in London, but the Hindujas and Indians in general are now giving them a run for their money, so to speak.
A recent study by aircraft manufacturer Hawker Beechcraft ranks India seventh among the top 10 purchasers of one-million-pound-plus properties in London.
According to the study, Indians have collectively spent a staggering 203.46 million pounds to invest in 126 properties across the city in the past year. Perhaps not too surprising for a nation whose billionaires are collectively worth $113.6 billion.
In an interview with India Real Time, Giles Hannah, director for London and Europe at Christies International Real Estate, said Indians have emerged as one of the prime contenders in Londons real estate market. On average, Mr. Hannah entertains at least three Indian clients a week, some of whom include acclaimed Indian billionaires.
According to Mr. Hannah, popular areas eyed by Indians include Mayfair and Holland Park prominent localities in the heart of London.
Here are the top 10 purchasers of £1 million-plus properties London in 2010, the estimated number of properties purchased and their worth, according to HBC:
1. UK 2,183 £3,517,122,197
2. Russia 266 £428,740,103
3. UAE 198 £319,738,382
4. US 167 £268,870,912
5=. Singapore 135 £218,003,442
5=. France 135 £218,003,442
7. India 126 £203,469,879
8=. Hong Kong 104 £167,135,972
8=. Italy 104 £167,135,972
10. China 90 £145,335,628
Hindujas Lead Indian Grab of Posh London Homes - India Real Time - WSJ
The four Hinduja brothers, who are known for avoiding the limelight, derive their vast wealth from the London-based Hinduja Group conglomerate. Of these, the two elder brothers, Srichand and Gopichand Hinduja feature among the top 10 billionaires in the U.K., according to the Sunday Times of London.
A few years ago, it was the Russians who were perceived to be far ahead of the global race to buy up the fanciest addresses in London, but the Hindujas and Indians in general are now giving them a run for their money, so to speak.
A recent study by aircraft manufacturer Hawker Beechcraft ranks India seventh among the top 10 purchasers of one-million-pound-plus properties in London.
According to the study, Indians have collectively spent a staggering 203.46 million pounds to invest in 126 properties across the city in the past year. Perhaps not too surprising for a nation whose billionaires are collectively worth $113.6 billion.
In an interview with India Real Time, Giles Hannah, director for London and Europe at Christies International Real Estate, said Indians have emerged as one of the prime contenders in Londons real estate market. On average, Mr. Hannah entertains at least three Indian clients a week, some of whom include acclaimed Indian billionaires.
According to Mr. Hannah, popular areas eyed by Indians include Mayfair and Holland Park prominent localities in the heart of London.
Here are the top 10 purchasers of £1 million-plus properties London in 2010, the estimated number of properties purchased and their worth, according to HBC:
1. UK 2,183 £3,517,122,197
2. Russia 266 £428,740,103
3. UAE 198 £319,738,382
4. US 167 £268,870,912
5=. Singapore 135 £218,003,442
5=. France 135 £218,003,442
7. India 126 £203,469,879
8=. Hong Kong 104 £167,135,972
8=. Italy 104 £167,135,972
10. China 90 £145,335,628
Hindujas Lead Indian Grab of Posh London Homes - India Real Time - WSJ
