New Delhi: India’s ultra-rich and high-net-worth individuals (HNIs) are on the real estate pursuit. The elites are exploring the multiple avenues for their capital management and parking their wealth by investing in luxury properties in real estate sector. According to ET’s report, rich Indians are increasing their wealth by investing in low-risk real estate that has nothing to do with the stock market or startups. Real estate can turn Rs 5 crore into Rs 12-14 crore in 7 to 10 years. The report further says that one business family believes that real estate offers better investment opportunities and it is better than gold. The family further believes that this trend will strengthen further.
From Carmichael Road in Mumbai to the Lutyens Bungalow Zone in New Delhi, the real estate market has seen deals worth over Rs 25,000 crore in the last three years. This is an increase of almost 90% compared to the previous year, according to data from realty data analytics firm Zapkey.com
Luxury Property Investment
This surge in high-value purchases by promoters and family trusts in cities such as Mumbai, New Delhi, and Bengaluru reflects a shift. The ultra-rich families see them as strategic, long-term investments designed to protect wealth for generations. “The idea is in line with the way big cities have evolved. This is now increasingly seen in India – large business groups want to lock in assets that are valuable and rare so that they can become a legacy for generations,” said Vivek Gupta, partner, Deloitte India.
Business Families and Wealth Preservation
Vedanta Group, Bajaj Group, Godrej, Infosys, Radhakishan Damani, Uday Kotak, GVK, Welspun, Polycab, Parle Products, and Divi’s Laboratories are among the big business groups and families which have bought bungalows, luxury apartments, and land in all the major hotspots of bustling metropolises. For more affluent families, high-priced properties are not just a part of their lifestyle but also an investment option that can preserve their wealth for generations.
India’s ultra-rich are increasingly investing in luxury real estate as a wealth preservation strategy, viewing it as a safer alternative to stocks or startups. Prominent business families are driving this trend, recognizing real estate’s long-term value and stability and expecting significant returns in the coming years. Recent high-value property purchases in major cities like Mumbai, Delhi, and Bengaluru demonstrate a shift towards generational wealth protection. Biz News Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
