London New Tribe

Due to a benevolent stock market there is a veritable boom of Indian Billionaires. They are choosing London to invest in the real estate business by buying top properties in exclusive neighborhoods. Billionaire Cyrus Vandrevala, an equity 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. Vandrevala, who is married to the heiress of construction company Hirco, Priya Hiranandani, comes from one of India’s wealthiest families. He bought a Holland Park mansion before Christmas for around £22m. His investments have contributed to the rise in the UK housing market. Hopefully these types of financial contributions will lead to return in economic growth.