Source Investments & Berkeley Group Launch Kia Oval Luxury Homes in Mumbai

Source Investments Ltd, a UK real estate firm founded by former English cricketers Chris Tremlett and Tom Jewell, in partnership with the Berkeley Group, a FTSE 100 developer, announced the exclusive India launch of a landmark project, situated within the iconic gas holder structure at The Kia Oval cricket ground in England. This project, known as ‘The Halo’, will be unveiled in India before any other global jurisdiction, at an exclusive, invite-only event at the JW Marriott in Juhu, Mumbai on April 12, 2025, underscoring the strategic importance of the rapidly growing Indian HNWI market to Source Investments.

The Kia Oval is one of the most iconic cricket venues in the world and unlike other developments, the Halo apartments offer residents direct views into the stadium, providing a unique living experience right next to one of the world’s most iconic cricket stadiums. Completion is scheduled for 2028, featuring 199 residences, with a limited number of 75 apartments available for early investment at the April 12th event in Mumbai. Designed by Berkeley Homes, the project features world-class amenities, including a private residents’ viewing deck, pool, spa, gym, co-working spaces, and meeting rooms.

The 'India first' launch of the project demonstrates the priority that Source Investments will continue to place on the Indian market, due to the country's strong economic trajectory and the predicted surge in Indian HNWIs' international real estate investments. The United Kingdom remains a top destination for Indian capital – a recent report noted Indians are among the largest property owners, by nationality, in London. The city offers a stable legal framework, transparent property market, and strong rental yields. With luxury real estate demand in India surging by 53% in 2024, investors are actively seeking high-growth opportunities in global markets.

"There is a significant appetite among Indian investors for UK property, particularly in London," said Tom Jewell, Founder of Source Investments. "This is further underscored by the projected doubling of Indian HNWIs portfolio allocations to international real estate by this year. The UK market has consistently delivered stable growth, with London seeing positive returns in 21 of the last 25 years. We are bringing The Halo project to India first because investors here are showing a high level of maturity and a strategic approach to portfolio diversification. The UK’s real estate market offers both stability and long-term growth, making it an increasingly attractive proposition for Indian buyers."

Given India’s fervent love for cricket, The Kia Oval's legacy of hosting historic matches – Ashes deciders, World Cup victories, and unforgettable innings – makes this location instantly recognizable and culturally significant for the Indian market.

Chris Tremlett, former England cricketer and Director at Source Investments emphasized the uniqueness of the project. “India's profound passion for cricket and its storied history makes this project particularly compelling. The Halo Project offers an almost tangible connection to The Kia Oval stadium's electric atmosphere. This connection to a rich sporting legacy, especially given The Kia Oval's significance as the site of India's first Test series victory in England in 1971, makes it a truly unique project.”

Paul Vallone, Chairman of Berkeley Central London, said: “The magnificent Victorian gas holder at the heart of Berkeley’s Oval Village development is an iconic landmark on London’s skyline and, overlooking the world-famous Kia Oval cricket ground, an important backdrop to sporting history. Its meticulous transformation into a unique luxury residential building means that for the first time, buyers can own a piece of London’s heritage with an elegant and modern home set within the restored frame. Residents will benefit from a wide range of world-class amenities including beautifully landscaped public spaces, shops, cafes, restaurants and leisure space. Oval is an exceptional place to live; this established boutique neighbourhood has long been favoured by city dwellers for its array of parks, excellent transport connections and proximity to the centre of the capital. This is already a thriving, sought-after community and with the launch of The Halo, Oval Village is a destination for buyers looking to be a part of London’s past as well as its future.”

The project will be released to the Indian market at an invite-only event, granting Indian investors priority access to this limited release, with allocations made on a first-come, first-served basis.