Personal Finance

Home is where the wealth is

Arvind Jayaram | Updated on April 20, 2014

PO21_NW_Bigdata_NET.jpg



Approximately 33 per cent of wealthy Indians’ net worth is invested in their primary residence compared to the global average of 28 per cent. The Asian average is 31 per cent. According to a wealth report by Knight Frank, wealthy Indians own 2.5 homes on an average, compared to 2.9 homes across the rest of Asia and 2.4 homes globally. Despite this, over a fifth (21 per cent) of Indian HNIs planned to make a fresh home purchase in 2014.

With respect to ownership of homes, 79 per cent of wealthy Indians are fixated on cities for owning homes. This was comparable to the trends in the rest of Asia, but higher than the global average of 73 per cent. On the other hand, 18 per cent were comfortable living in the countryside or rural areas. Another 10 per cent of them had homes in waterfront areas, while the remaining 8 per cent chose alternative locations for setting up their homes.



Published on April 20, 2014

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

This article is closed for comments.
Please Email the Editor