Indian buyers and developers make £1bn move on Mayfair
Some 3,000 UHNW Indian families now choose to spend their summers in the W1 postcode, either living in their London homes, renting property or staying in luxury hotels.
As for the development side of things, super-prime outfits owned by UK or overseas-based UHNW Indian families are gearing up to undertake over £500m-worth of new resi projects in Mayfair over the next five years.
The most high profile example of course being the 135,000 square foot Canadian High Commission on Grosvenor Square, which Lodha Group bought for £306m last year with a view to transforming it into 18-20 luxury apartments.
Prime Resi: bit.ly/1l342P4