London’s leading real estate firm Berkeley group is eyeing on Indian consumers to buy homes in its luxury housing project named as ‘One Tower Bridge’ located at the south bank of the river Thames between Tower Bridge and City hall. Berkeley Homes is developing about 400 units in this project.
"We have come here in India for the first time to promote our products. We are meeting people since yesterday and we have got a good response," Berkeley Homes Managing Director Piers Clanford told reporters here.
"Prices start from about 9, 00,000 pounds and goes up to 20 million pounds," he said.
The total investment on this project, to be completed by 2016, would be 350 million pounds, Clanford said.
Property consultant Knight Frank is helping Berkeley group, which is listed on London Stock Exchange with a market cap of 1.6 billion pounds, in selling this project.
"We expect as much as 10 per cent of sales from Indian, which includes those who are already living in London," Knight Frank Partner (Residential Investment and International Project marketing) Sebastian Warner said.
On the London property market, he said, "it is a safe and secured market. Titles are clear". Source : ET
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