A Must Read - HNIs, Commercial Real Estate in India and Next 3 years. Here is the Future
Introduction: High Networth Individuals (HNIs) in India are once again focusing on real estate like never before. Thanks to the ever-increasing volatility in the various asset classes in the market and enhanced regulatory environment in the real estate market in India. Present Scenario: Though the definition of HNIs varies according to financial markets and geographical areas, HNIs are considered individuals who have more than five crores in investible surplus, and those who have more than Rs 25 crores in investible surplus are considered the ultra-HNIs. India has the fourth highest number of ultra-HNIs in the world with 982 such households, according to a report from BCG. Among BRICS nations, India has the highest growth rate in the number of ultra-HNIs. A study showed that majority of such ultra HNIs are less than 40 years of age and are spending more time on recreational activities like health clubs, yoga, smart wearable technology, fitness apps and sleep management programm...