Wednesday, 2 June 2010

Indian business men are moving to London

Foreign investments are helping in the economic progress of the country. The main group responsible for that boost is the Indian billionaires. Wealthy Indians are steadily buying top-end residential property in London’s most exclusive neighbourhoods. Cyrus Vandrevala, an equity Indian investor, was one of only two people to buy a £10m-plus London property in December last year as the recession hurt ultra-high net worth buyers. He also bought a Holland Park mansion before Christmas for around £22m.
Vandrevala, who is married to the heiress of construction company Hirco, Priya Hiranandani, comes from one of India’s wealthiest families. They are founders of a welfare organization who have newly entered the Mental Healthcare field and have made a significant presence by starting the first 24x7 mental healthcare helpline.