INDIA’S high commissioner to the UK, Ruchi Ghanashyam, described Britain as a “natural partner” as she paid tribute to bilateral ties in her Republic Day speech in London on Monday (27).
Addressing guests at an annual reception to mark the day that independent India adopted its constitution, the envoy noted that bilateral trade was more than £20 billion.
She pointed out: “Our economic relationship is one of the cornerstones of our strategic partnership.” Britain remains among the leading major investor countries in India, Ghanashyam said, adding that Indian companies operating in the UK account for a combined turnover of more than £48bn.
“They also pay over £680 million as corporate taxes,” she said.
As Britain leaves the EU on Friday (31), the UK is looking to strike trade deals with countries outside the EU, with India being one among them.
Next Tuesday (4), the Indian High Commission is set to launch a report highlighting the economic contributions made by companies owned by British Indians in the UK, Ghanashyam said. Indian firms combined “employ 105,000 people within the UK”, she added.
“In my travels across the UK and my engagements with the diaspora, I am delighted to find this symbiotic relationship is further cemented by what India’s prime minister Narendra Modi calls the living bridge of over 1.5 million people constituting the Indian diaspora which plays a prominent role in bringing the two countries closer.
“Indian festivals are also celebrated with the same fervour in the UK as in India,” she said.
Conservative party chairman James Cleverly, Commons speaker Lindsay Hoyle and Foreign and Commonwealth Office minister Lord Tariq Ahmad were among high-profile guests who addressed the reception at Guildhall in central London.
Among those in the audience were prominent politicians including MPs Barry Gardiner and Virendra Sharma, business leaders Lord Swraj Paul and Lord Rami Ranger, community leaders as well as members of the armed forces.
In her speech, Ghanashyam noted that “Britain and India share not only progressive democracies, but also values of universal peace and rule of law.
“We face similar challenges, ranging from terrorism to climate change, that can only be tackled collectively by us, and the world at large. The UK enjoys a close, cordial and wide-ranging strategic partnership. India considers the UK to be a natural partner.”
Outlining the various programmes undertaken by the Indian government, she highlighted climate change initiatives and co-operation in international disaster relief operations.
There was also a special mention for two MPs- Conservative Bob Blackman and Labour’s Gardiner- who were both honoured with the Padma Shri, one of India’s highest civilian awards, conferred upon them on Republic Day (26).
“India deeply appreciates and values their contributions to strengthening the friendship between our two countries,” Ghanashyam said.
Meanwhile, foreign and commonwealth office minister Lord Tariq Ahmad told guests there were huge opportunities for India and Britain in the areas of climate change, trade, healthcare, education and people-to-people links.
“It’s a particular priority for me because I happen to be proudly the minister responsible for our bilateral relations with India,” Lord Ahmad said.
“The relationship with India as a partner across many areas is more important than ever.” The minister quoted Mahatma Gandhi – ‘the best way to find yourself is to lose yourself in the service of others’ – as he noted that it was especially relevant to “those of us who govern”.
“Those words are credible as they were at the time of the foundation of the constitution of India on January 26, 1950. They ring true today as well,” Lord Ahmad said.
Detached property sellers make average of £122,500 compared to just £27,000 for flats.
London sellers unlock £130,000 in capital gains, enough to buy a home outright in Northern England.
Indian households lead ethnic minorities with 68 per cent homeownership rate.
Bigger homes, bigger profits
Sellers of detached homes have made more than four times the profit of flat owners over the last 18 months, new figures from Zoopla reveal, highlighting how home size has become a powerful driver of wealth.
Those selling detached properties banked an average profit of £122,500, while flat sellers made just £27,000 – less than a quarter of what detached homeowners gained. The analysis of property sales data shows that bigger homes command a clear premium in today's market.
Overall, sellers in England and Wales made an average gain of £72,000, representing a 38 per cent increase in value since they bought their property. The average seller had owned their home for nine years before putting it on the market.
Semi-detached homes also delivered strong returns, with sellers making £80,000 on average (44 per cent increase). Terraced properties yielded gains of £64,250 (40 per cent increase). However, flats significantly lagged behind with only a 15 per cent increase in value.
The poor performance of flats reflects changing buyer preferences. High mortgage costs and the desire for more space are driving demand away from flats towards houses with gardens and extra rooms.
Communities grow wealth
Strong demand for homeownership continues across different communities. Government data shows Indian households lead ethnic minority groups with a 68 per cent homeownership rate, just behind White British households at 70 per cent. In London, Indians have become the city's biggest property owners, with many investors spending between £290,000 and £450,000 on properties.
London sellers saw the biggest cash gains, unlocking an average of £130,000 – enough money to buy an average-priced home outright in 11 local authorities in Northern England. The South East followed with average gains of £94,000.
However, regional markets showed strong percentage returns. Wales, the North West, and the Midlands all recorded growth of 41 to 45 per cent, meaning buyers who purchased cheaper homes still made good profits. In Wales, sellers gained an average of £65,000, while the North East saw the lowest gains at £35,000.
The analysis revealed an unusual "tenure trap" for some homeowners. Those who sold after owning their property for 15 to 20 years actually made less money than people who sold after 10 to 15 years. In Northern England, the 15-20 year group made £45,000 – £30,000 less than those who held for 10-15 years. This reflects the slow recovery in house prices after the 2008 financial crash.
Richard Donnell, executive director at Zoopla, noted "British homeowners are sitting on sizable capital gains from years of historic house price inflation which varies widely by geography and property type. The scale of gains from historic price inflation is unlikely to be repeated in future."
He warned sellers to be realistic about pricing. "Estate agents currently have the highest stock of homes for sale in over 7 years. Homes that attract limited interest and require a price reduction can take twice as long to sell."
For south Asian families looking to invest in property, detached homes continue to offer the strongest returns, combining space, privacy and proven profit potential.
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