British realty developer The Berkley Group is aiming Indian investors with its two exclusive London properties in the price range of Rs 2-8 crore per flat. It has coupled with global property consultant Jones Lang LaSalle Meghraj (JLLM), which sees investment by wealthy Indians in British residential properties growing up to 15 billion pounds by 2018.

In its report titled ‘UK-India Cross-Border Investment’, JLLM, which will market Berkley’s units in India, said that Indians could crack up 20,000-30,000 residential properties in UK over the coming ten years.

The property consultant said this is the correct time to invest in UK as house prices are expected to fall by twelve percent this year and by a further 6-8% in 2009. However, they are likely to go up by 8-9% per annum during 2010-13.

Raminder Grover, managing director, Homebay Residential (a JLLM subsidiary), said, “UK-based developers are highly interested in attracting investors from India. They are aiming not only the high-net individuals, but also the upper-middle segment. The UK represents a very amenable market for Indian investors the British pound is far more stable than the rupee, there is far greater clearness in the UK real estate market.” He said UK tenants sign long leases of up to twenty five years and their long-term income generation capacities are really stable, not to forget the London Olympics in 2012.

The number of Indians with financial assets of more than one million dollar is likely to grow to 400,000 from the current 123,000, with total wealth of $1.7 trillion, the broker forecast.

Their investments in the UK may be limited by India’s $200,000-a-year ceiling on capital outflows for resident Indians, it said.