real estate news
India's Wealthiest Individuals Prefer Real Estate and Gold Investments
A recent report by Bernstein reveals that India's wealthiest citizens, known as the 'Uber Rich,' predominantly invest their assets in real estate and gold. This elite group, comprising just 1% of Indian households, controls 60% of the country's total assets and 70% of its financial assets.
Real Estate
Wealth Inequality in India: Top 1% Hold 60% of Assets in Real Estate and Gold
The top 1% of India's wealthiest citizens have invested 60% of their wealth in real estate and gold, according to a recent report by Bernstein. This segment, comprising Ultra High Net Worth Individuals (UHNI) and High Net Worth Individuals (HNI), controls nearly 60% of the country's total assets.
Real Estate
Supreme Court Rejects Urgent Hearing Plea for Gujarat Resort: Is Access Only for the Rich?
The Supreme Court recently dismissed an urgent hearing request from a Gujarat-based real estate and private resort management company, raising questions about access to the judicial system for smaller entities. The court's decision has sparked discussions about the accessibility of justice and whether it favors wealthier parties.
real estate news
India Ranks 4th Globally with 85,698 HNWIs; Billionaires Surge 12% in 2024
India has secured the 4th position globally with 85,698 High Net Worth Individuals (HNWIs) and a 12% increase in billionaires in 2024, according to the latest report. Cities like Delhi and Bengaluru are surging in global luxury real estate rankings, while
Real Estate
Taxing the Ultra-Rich: Oxfam Report Reveals Growing Wealth Disparity
The latest Oxfam report highlights the significant increase in the wealth of billionaires, largely due to rising share prices and higher property values in the residential real estate market.