Increasing Interest Among The Ultra HNIs In The Indian Real Estate Market
In the last few years, the real estate industry, which plays a key role in India’s economy, has experienced a boom. This industry not only aids the recovering economy but has also emerged as a key sector for investment for High Net-worth Individuals (HNIs) and Ultra High Net-worth Individuals (UHNI), primarily in the segment of luxury real estate.
India’s HNI Population On An Expansive Mode
Reports from the Henley Private Wealth Migration Report for 2023 estimate that the number of high net worth individuals in India is likely to increase by around 80% by the year 2031. This prediction puts India among the countries likely to witness rapid rise in wealth creation, a trend that correlates with the ever increasing growth for high end luxury real estate in the market.
HNIs’ Shift Towards Sustainable Luxury Living
HNIs and UHNI’s have relatively increased the demand for luxury homes that are environmentally friendly, the growth is driven by high incomes. Community living, higher disposable income and craving for distinctive lifestyles have all inspired the HNIs to buy luxury real estates.
Top Cities for Ultra HNI Real Estate Investments in India
Considering the rising interest, Dream Location Developers examines the best cities that will make HNIs desirable to invest in luxury real estate along with them in 2024.
Bangalore: A Perfect Place for Eco Friendly Luxury Villas
As one of the top metropolitan cities that have the largest deposits of Green buildings, Bangalore is even called as Bangalore city. The active IT industry insulates its managers into a lavish lifestyle which allows them to spend towards expensive real estate investments.
The city’s reach to other areas and the construction under way naturally lead to the evolution in luxury real estate based market in the likes of Sarjapur Road, Koramangala and Yelahank. Dream Location Developers’s Dream Location off Sarjapur Road is one of the reasons why HNIs come to Bangalore because it offers a completely new way of life.
Delhi NCR: Centre Point of Opulence and Development
Delhi NCR still is a prime target for high end developments so as to sell it to the rich and the HNIs. Determined buyers wanting to invest in luxury Villas can seek settlement in Greater Kailash, DLF City Phase 5, Golf Course Road Gurgaon as these the areas that have the most facilities.
Mumbai: The Financial Hub Riding the Wave of Property Appreciation
Mumbai, which is regarded as the financial capital of India, has turned out to be one of the hottest destinations for luxury real-estate. The geography of the place combined with its rich infrastructure, the commercial pace and the robust culture only add to the pricy real-estate market. The city becomes an investment hub for HNIs especially for high-end properties overlooking the Arabian Sea as well as the city skyline.
### Hyderabad: An Unsaturated Market Looking for High-End Residential Solutions
In 2023, the proportion of total sales which were represented by luxury units in Hyderabad moved up from the previous year’s 20% to 25%. Such focus on real estate in the city can also be seen as part of the shift towards having more space as a result of remote working. According to a report by Anarock Research, the company’s in Hyderabad over grew to the 50% mark. This makes the city a good candidate for investments in the luxury sector.
## Bangalore: India’s HNI Magnet with Lavish Global Properties World Watch Out For.
HNIs mixing business with pleasure can never go wrong in Bangalore and if they do then they do not have to stress over the city’s uniqueness. The investment potential of the city as a ‘investors paradise’ has significantly been aided by the lifestyle that it provides such as exotic places to live, types of properties that are easily up for grab and even the Dream Location by Dream Location Developers applies here.
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