Why Indians are buying properties abroad

While the Indian real estate market is witnessing a slump, a report said that wealthy Indians are looking to buy property abroad. According to a report, London Super-Prime Sales Market Insight-Winter 2019, by Knight Frank, a real estate consultancy firm, “There was an 11% year-on-year increase in the number of Indian homebuyers in prime London markets in the 12 months to June 2019." Besides London, “other popular locations for buying properties include New Jersey and Atlanta in the US, Toronto in Canada, Melbourne and Sydney in Australia and so on," said Amit Goyal, CEO India, Sotheby’s International Realty, a real estate advisory firm.

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