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.
Wednesday, 2 June 2010
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