{"id":605,"date":"2024-04-26T18:33:00","date_gmt":"2024-04-26T18:33:00","guid":{"rendered":"https:\/\/www.saldanha.in\/blog\/?p=605"},"modified":"2024-05-13T18:34:58","modified_gmt":"2024-05-13T18:34:58","slug":"indias-ultra-rich-redirecting-their-investment-focus-to-residential-real-estate","status":"publish","type":"post","link":"https:\/\/www.saldanha.in\/blog\/indias-ultra-rich-redirecting-their-investment-focus-to-residential-real-estate\/","title":{"rendered":"India\u2019s ultra rich redirecting their investment focus to residential real estate"},"content":{"rendered":"\n<p>Source: Financial Express (<a href=\"https:\/\/bit.ly\/4bSNFpV\">https:\/\/bit.ly\/4bSNFpV<\/a>)<\/p>\n\n\n\n<p>India\u2019s affluent class has been increasingly redirecting their investment focus towards residential real estate for some time, marking a notable change in the country\u2019s investment landscape. This transition emphasizes changing trends in investment preferences and reflects the motivations driving the elite\u2019s choice to invest in residential properties.<\/p>\n\n\n\n<p>According to a recent Knight Frank report, India\u2019s ultra-rich are allocating a significant portion of their wealth to residential assets, with a substantial 32 percent of their investment portfolio directed towards this sector. Moreover, approximately 12 percent of India\u2019s ultra-high-net-worth individuals (UHNWIs) are planning to purchase a new home in 2024, indicating a growing appetite for residential real estate investments.<\/p>\n\n\n\n<p>The Knight Frank\u2019s flagship report, The Wealth Report 2024, forecasts a remarkable surge in the number of Indian UHNWIs, projecting an increase to 19,908 by 2028 from 13,263 in 2023. This translates to a substantial 50.1% growth, representing the highest growth rate in the number of UHNWIs for any country over the next five years.<\/p>\n\n\n\n<p>A positive economic sentiment among people is seen that reflects the resilience and potential of the Indian economy. This change in sentiment matches with a broader acknowledgment of real estate\u2019s enduring value and its potential for sustained financial growth. Investors are strategically positioning themselves for wealth accumulation and the creation of multi-generational wealth through real estate investment.<\/p>\n\n\n\n<p>Beyond economic factors, lifestyle shifts are playing a pivotal role in driving up demands for luxury and larger homes among India\u2019s elite. The unprecedented growth of the ultra-luxury housing sector in 2023 accentuates a strong desire for premium living experiences among affluent individuals. This emphasis on enhanced lifestyle offerings is a key driver behind the elite\u2019s preference to invest in residential properties, as they seek to elevate their living standards and indulge in luxurious living experiences.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India\u2019s affluent class has been increasingly redirecting their investment focus towards residential real estate for some time, marking a notable change in the country\u2019s investment landscape. This transition emphasizes changing trends in investment preferences and reflects the motivations driving the elite\u2019s choice to invest in residential properties.<\/p>\n","protected":false},"author":1,"featured_media":596,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":""},"categories":[7,19,20,4,3,6,9,8],"tags":[],"_links":{"self":[{"href":"https:\/\/www.saldanha.in\/blog\/wp-json\/wp\/v2\/posts\/605"}],"collection":[{"href":"https:\/\/www.saldanha.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.saldanha.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.saldanha.in\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.saldanha.in\/blog\/wp-json\/wp\/v2\/comments?post=605"}],"version-history":[{"count":1,"href":"https:\/\/www.saldanha.in\/blog\/wp-json\/wp\/v2\/posts\/605\/revisions"}],"predecessor-version":[{"id":606,"href":"https:\/\/www.saldanha.in\/blog\/wp-json\/wp\/v2\/posts\/605\/revisions\/606"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.saldanha.in\/blog\/wp-json\/wp\/v2\/media\/596"}],"wp:attachment":[{"href":"https:\/\/www.saldanha.in\/blog\/wp-json\/wp\/v2\/media?parent=605"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.saldanha.in\/blog\/wp-json\/wp\/v2\/categories?post=605"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.saldanha.in\/blog\/wp-json\/wp\/v2\/tags?post=605"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}