India, June 14 -- Banyan Group, a global hospitality brand, is stepping up its focus on Indian buyers for luxury holiday homes and temporary long-stay residences across its properties in Phuket, Thailand. The company sees increasing potential among India's high-net-worth individuals (HNIs) and ultra-high-net-worth individuals (UHNIs) amid ongoing uncertainty in the Middle East, said Stuart Reading, Managing Director, Banyan Group Property Development.

Speaking with Hindustan Times Real Estate, Reading said they are monitoring the situation in the Middle East.

"The Dubai market has definitely suffered. We are now actually getting a lot of brokers and people from Dubai. They are having to pivot because they are finding it difficult to sel...