With the Bank of England raising interest rates on mortgages and equally on savings in the UK, this is probably a suitable opportunity to look for real estate investment outside the country.
The good news is investing in Indian real estate can be easier than expected with the right guidance. Many real estate companies provide worry-free, end-to-end support for British Indians interested in investing abroad – in the country of their heritage or indeed other lucrative destinations abroad.
One such company, Shero Properties, claims their USP is to provide “life cycle management” of properties and take the investment headaches away from their clients. As a leading real estate consultant firm in Dubai, Shero also has a strong presence in Bhubaneshwar, eastern India, besides London and other regions.
Anil Das (pictured inset above), founder and managing director of Shero Properties, said: "We are one of the most trusted brands in Dubai and have a unique selling point. Here, we do the complete life cycle management for any customer.”
A complete life cycle management of purchasing property means when the buyer gets support right from procuring a mortgage through rent or interior decorations solutions and even when they want to resale it or reinvest after that. And this is what Shero Properties' USP is, claims Das, as he feels that this is the primary concern area for any investor who lives outside the country.
Notably, 4.5 per cent of the whole investment in Dubai came from the UK last year, informs Das, with the lion's share being in real estate investment.
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"Investing in real estate is the biggest investment one can make because this is the hard-earned money of any client who wants to invest in the properties. So I always guide the customer in taking care of his money as my own. I always try to stay honest, and I believe earning goodwill, positive feedback, and being referred to other potential clients is the greatest win I can have. If you're honest, God will give you the right money at the right time," Das said.
Their track record in dealing properties in Dubai also generated substantial interest in India. And that's how Shero Properties launched their latest luxury European lifestyle product at the heart of Bhubaneshwar.
"This is the first European theme-based community of Orissa. It is going to have Spanish architecture. It is a villa with four beds plus a servant's room which is a very unique spacious villa with two car parks. You have a garden, a sitting area, and a servant's quarter. And then on the ground floor, you have one senior citizen's room where elderly parents can sleep and won't have to go up and down the stairs. You get a living and dining, ensuite and all standard luxury features. So you will be able to maintain your NRI lifestyle back in India," Das explained.
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Incidentally, the company is also looking after a couple of premium London properties – A £11 million penthouse in zone one and a three-bed property of around £3 million facing the Thames.
"We also have started doing the residency visa for Greece and Cyprus, through which you can get visa-free access to 42 countries. You get a permanent residency there, and the investment starts at 250,000 euros. I can get the Greece visa done in 10 working days and the Cyprus visa in 60 working days. So with this, all the British passport holders can reach out to any Schengen country without waiting for the visa," informs Das.
Anil Das, born in Bhubaneshwar, started his career working in FMCG, followed by the telecom industry in India 26 years back. He entered global real estate handling Godrej properties when he moved to Dubai.
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During the pandemic, he invested in his daughter's start-up venture Shero, which produced women's crime-preventive wristbands. With his vast experience in real estate, Das expanded the business into an end-to-end solution provider operating globally.