According to the Big Global Luxury Real Estate Experts, India’s High Networth Individuals (HNI) are third in terms of investment in luxury properties in the US. This is evident in the ongoing Global Luxury Realty Conclave in Delhi during the discussion in 2018.
According to the Realty Auction House Sotheby’s involved in the purchase and sale of luxury properties, the number of Indian buyers investing in the US is at number three in the last year. According to the report,The richest person of China and Canada is the first and second in this case. Looking at such a large number of buyers, Sotheby’s International Realty is going to introduce a desk for Indians. This desk will be opened in New York. Let Sotheby’s deal in luxury properties worldwide.
According to the experts, in addition to the US, in the countries of Europe, Indian Tigers (HNIs) are investing in large quantities. According to a data, Indians invested approximately 567 billion rupees in expensive residential properties in the US last year. Indians invested about 389 billion rupees in 2016 to buy luxury properties. If you look at the data, the investment amount is 22% higher than 2017 in 2016.
According to tax experts, the trend of investing in foreign assets is being seen not only in NRI but in the Indians living in India. Experts believe that it is a major reason for the elimination of the requirement of the residential permit to invest abroad. For this reason, The richest person who lives in India along with NRI, is investing in a large amount abroad