An Indian billionaire is hoping to swoop Britain’s landmark buildings in the hope that he can get a bargain after Brexit. Adar Poonawalla, 35, is the son of Cyrus Poonawalla, India’s seventh-richest man with a fortune estimated at around £6.5bn.Last year Adar lost out on a bid for London’s historic Grosvenor House Hotel in Mayfair. But he is hoping to find another bargain as the pound weakens and has predicted a price slump in the capital.
Last year Poonawalla, who went to university in London, paid £90million for a former Maharajah’s residence in Mumbai. He said: ‘I’m always looking for a good deal because sometimes you get a distressed sale, and we’ve got the liquidity to do that.’ Adar is married to Natasha Poonawala, an Economics graduate from the London School of Economics and they have two children. The pair are socialites in India and are often photographed at glamorous events and parties.