One of the advantages of foreign investment is that it helps in the economic progress of the country where the investment is being made. Cyrus Vandrevala is one of the people responsible for the recent financial and culture contribution in what it appears to be the New Mumbai; England.
Wealthy Indians are steadily buying top-end residential property in London’s most exclusive neighbourhoods. 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.
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