Nearly half of the Indian Ultra High Net Worth Individuals (UHNWI) investment portfolios are allocated in property—the highest across the globe. This is followed by the Australians at 42%, said the Knight Frank Wealth Report 2015.
Samantak Das of Knight Frank India, said, “Indian UHNWIs have given a positive outlook towards wealth creation and their decisions relating to the purchase of real estate property. Although not purely for investment purpose, a quarter of Indian UHNWIs are contemplating purchase of another home in 2015. From an investment perspective, as many as 87% of Indian UHNWIs wish to increase allocations towards prime residential property, which bodes well for the real estate sector.”
Watches, art and jewellery are the other top draws for wealthy Indians, said the report.
Globally, the Knight Frank Luxury Investment Index found classic cars were again the top annual performer in the index; it tracks price growth of ten luxury investment sectors.
Coins were the only asset class to record a double-digit growth in 2014, although Chinese ceramics and wine performed more strongly than in recent years, rising 9% and 7%, respectively.
The report said use of private jets is growing steadily around the world with demand rising most quickly in Asia—38% respondents said their clients increasingly use them for business and leisure.
The post India’s ultra rich top the world in property investment appeared first on Sirulu | News, Articles, Stock Updates, Analysis and more.