business

Indians’ buying power has been enhanced by the weakening of the pound, particularly since many businessmen transact in dollars. The wealthy Indian community are not highly leveraged and are therefore in a perfect position to buy property at a hugely discounted rate .While Cyrus Vandrevala chose Holland Park, other Indian buyers have been drawn to Mayfair and St James’s. The hospitable Naresh Goyal, owner of the Jet Airways, India’s largest domestic airline, likes London so much that he more or less commutes to India from his town house overlooking Regent’s Park. Indians tend to like grand spaces for entertaining, as do the Russians. Still the difference between the nationalities relays on the fact that Indian families are often large, and may, as back home, live together, with several generations sharing the same property.