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More than 60 per cent of High-Net-Worth individuals (HNIs) and Ultra-HNIs plan to invest in real estate during the next two years, according to India Sotheby's International Realty survey of wealthy people. India Sotheby's International Realty, one of the leading real estate consultants for luxury properties, on Tuesday, released its annual 'Luxury Residential Outlook Survey 2025' with a sample size of 623 HNIs and UHNIs respondents from major cities. The survey revealed that confidence in India's economic growth remains strong, albeit slightly tempered. Optimism has declined from 79 per cent in 2024 to 71 per cent in 2025 survey. Nevertheless, most HNIs and UHNIs believe India will continue to be the fastest-growing major economy, with GDP growth projected to hover between 6 per cent and 6.5 per cent. "In the real estate sector, the outlook among UHNIs and HNIs has moderated, with 62% planning to invest in the next 1224 months compared to 71% in 2024. Despite this slight dip, the
Registration of properties in the Mumbai municipal region rose 22 per cent last month to 12,960 units on higher demand during the festival period, according to Knight Frank. There were 10,607 properties registered during October 2023. Citing Maharashtra government data, real estate consultant Knight Frank India said the Mumbai city (area under BMC jurisdiction) saw higher registration of properties during October this year on the back of two major festivals -- Dussehra and Diwali. "The festive period, beginning with Navratri and Diwali, are considered auspicious for property purchases, and played a role in this rise in registrations," the consultant said. Additionally, Knight Frank said, the surge in year-on-year terms can be partly attributed to the base effect. "In October 2023, first 14 days were influenced by the Shradh period, during which buyers generally avoid big ticket investments, whereas this year, Shradh ended on October 2nd, impacting only the first two days of the ..