English Cricketers Drawn to Indian Real Estate Amidst Soaring Prices
Several English cricketers are showing significant interest in the Indian property market. Witnessing the substantial increase in property values across India, approximately five prominent English cricketers have expressed their desire to invest in the country's real estate sector. These details have been confirmed through reliable sources with close ties to the English Cricket Team.
Discussions with Developers Underway
Reports indicate that these cricketers have already initiated discussions with real estate developers regarding potential acquisitions. The players are reportedly exploring options for purchasing land or properties in major Indian cities like Bangalore and Mumbai. Some are even considering the popular tourist destination of Goa as a preferred location.
The cricketers' preferences vary, with some seeking to acquire land parcels while others are inclined towards apartment ownership, potentially in partnership with Indian individuals. Sources, as quoted by the Times of India, have shared that the English cricketers have been actively searching for suitable properties for an extended period. They've now apparently narrowed down their search to three primary cities.
Exploring Options Beyond Major Metros
While Gurgaon and Noida in the National Capital Region (NCR) were initially suggested as potential investment destinations, the players ultimately decided against these options due to the intense summer heat in those areas. The properties under consideration serve a variety of purposes, including commercial use, but the majority are intended to function as holiday homes.
Goa and Kochi Emerge as Favored Locations
The cricketers have particularly zeroed in on Goa, and South Goa in particular, as a desirable location. Kochi has been identified as another city of interest. Moreover, sources close to the team have revealed that these cricketers are also engaged in discussions with real estate agents regarding the potential purchase of tea gardens in Sri Lanka.
Favorable Government Policies Facilitate Investment
The Indian government's liberal policies have paved the way for UK citizens to acquire and own properties in India, enabling acquisition through either the establishment of a company or by partnering with an Indian national. This approach echoes the historical trend of prominent British figures, such as author Ruskin Bond, choosing to settle in India.