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Services for Non Resident Indians NRI from United Kingdom (UK)

Indian Population in United Kingdom (UK):
As per 2011 United Kingdom census, the population of people with Indian origin was estimated to be 1451862. British Indians as they are known commonly are living across whole of United Kingdom. 1395702 British Indians live in England, 17256 in Wales, 32706 in Scotland, and 6198 in Northern Ireland. Put together 1451862 Indian Britons constitute 2.3% of overall UK’s population. Approximately 50% of Indian Britons (also known as British Indians) are of Gujarati origin.

Nearly 542857 British Indians live in the capital city of London or in other words 6.6% of London’s multi-ethnic population. Non Resident Indians (NRI) and Person of Indian origin (PIO) form the overall population of Indians in UK.

The regions with over 100000 people of Indian origin are London (542857), West Midlands (185271), South East (152132), East Midlands (86736), East (115600), and North West (107353).

British Indians are one of the most hard working and socioeconomically affluent people in UK. In 2011, Joseph Rowntree Foundation published a report highlighting the successes achieved by Indians in UK. According to the report, British Indians had lowest poverty rates among all other ethnic groups in United Kingdom.

The employment rate of Indians living in UK was high at 71.6% in 2014. The data was published by the British government. What it means is that approximately 784000 Indians are working in UK. This also includes almost 100000 Indians who run their own businesses in UK. The contribution of Indian Diaspora to British economy is substantial. At the same time, Indian Diaspora in UK still continues to have strong connection with their homeland of India.


Property Management Services for Indian Diaspora from United Kingdom-UK


Profile:
Approximately 43% of Indians in UK work in high skilled professions such as financial services, engineering, law, information technology, management, and healthcare. Indians in UK are the most prosperous among all other minority communities.

26% of British Indian students in England attend top university and go on to work in high skilled professions such as medicine. Almost 12% of all doctors in UK are British Indians.

Large numbers of Indian Information Technology professionals have settled in Britain. By some estimates, more than 60% of IT professionals working in Britain have Indian origins.


Remittances by Indian Diaspora:
Indian Diaspora in United Kingdom is economically stable and prosperous. It’s a vibrant Diaspora representing different regions of India. Indian Diaspora in UK continues to have strong attachment with their homeland of India. Many British Indians in UK arrived with very little resources with them; however, by sheer perseverance, learning ability, skills, adaptability, and education they have achieved success in UK. This section of Indian Diaspora remains nostalgic to Indian culture and giving back to India in one form or another is something that they do with pride.

Indian Diaspora in UK is very diverse which reflects the large size and diversity of India. Most of the Indian states are represented in Indian Diaspora in Britain. In recent times, many professionals from cities such as Mumbai, Pune, Bangalore, Hyderabad, Chennai, Kochi, Kolkata, Gurgaon, Delhi, Noida, Chandigarh, Jaipur, Faridabad, Ahmedabad have moved to UK on work visas. These professionals are typically known as Non Resident Indians or NRI in UK.

Indian Diaspora from United Kingdom remitted approximately 4 billion US$ in 2013 out of a total remittances of 70 billion US$ received by India from its 30 million strong Diaspora spread across the world. Indian Diaspora in UK comprises of both Non Resident Indians (NRI) as well as Person of Indian Origin (PIO). Some of them are on work visas; some are studying, while large percentages of them are now UK citizen. They invest in growth of Indian industry such as financial services, real estate, as well as managing & supporting their households in India.


Relations between India and UK:
India and United Kingdom share a long history dating back to 16th century. However, the movement of Indians to UK started in 18th century. The Parsi community of Gujarat and Bengalis arrived in UK in the 18th and 19th centuries as qualified lawyers, doctors.

Post independence in 1947, India and UK continue to maintain relations at political, economic, commercial, and cultural levels. India is the third largest foreign investor in United Kingdom. As of 2014, Indian companies have employed more than 100000 people and generated more than 19 billion pounds in UK.

In 2014, UK exports to India stood at 8.8 billion pound. However, India’s exports to UK during the same year were 10.3 billion pound.

India UK Trade relations

Source: IMF (UK Exports to India and UK Imports from India)


Property Management Services for Indian Diaspora living in UK:
Indians in UK including Non Resident Indians (NRI) and Person of Indian Origin (PIO) remit upwards of 4 billion US$ into India every year. Even though we do not have segregated data, but, major chunk of it goes into businesses, equity markets, buying properties & real estate, and in support of households in India.

Non resident Indians and Persons of Indian Origin continue to buy piece of real estate in Indian cities such as Gurgaon, Noida, Delhi, Mumbai, Pune, Bangalore, Chennai, Hyderabad, Kolkata, Kochi, Chandigarh, Ghaziabad, Ahmedabad, Jaipur, etc. These NRI and PIO from UK invest in residential as well as commercial real estate. However, managing these properties is tough because of being away. And most of them have no one to look after these properties. The properties therefore remain idle.

At Managed Homz, we provide comprehensive property management services to NRIs and PIOs living in UK. One can simply list his/her property here and our team of property managers will inspect and manage the property on a monthly basis.

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