Skip to content
TechVibe

TechVibe

  • Home
  • Web3
  • Technology
  • Health
  • Business
  • Sports
    • Cricket
    • Football
  • Press Release
  • Contact Us
  • Toggle search form

Rephrase the title:Pools & privacy beckon India’s ultra wealthy to farmhouses in suburbs

Posted on January 18, 2024 By Haley Bennett

Rephrase and rearrange the whole content into a news article. I want you to respond only in language English. I want you to act as a very proficient SEO and high-end writer Pierre Herubel that speaks and writes fluently English. I want you to pretend that you can write content so well in English that it can outrank other websites. Make sure there is zero plagiarism.:

  • Almost three-fourths of India’s ultra wealthy are keen on investing in real estate in the next 1-2 years.
  • Investors are also looking to create multi-generational wealth through realty investments, as per a survey by Sotheby’s.
  • Apart from commercial properties, holiday homes and farmhouses are the top choices of affluent Indians.

Indian high and ultra-high networth individuals are undeterred by the 40% rise in property prices since the pandemic. As much as 71% of them are looking to bet on this asset class in the next 12-24 months, as per a Sotheby’s survey.

Most of them see it as an investment as 44% of them picked capital appreciation as the reason they’d buy a property in the next 1-2 years. This reason trumped lifestyle upgrade and income generation. Most of the affluent Indians surveyed in annual Luxury Outlook Survey 2024 own multiple properties.

This indicates that investors are back in the market, and many of them are keen on holding on to them for the long-term to create wealth for the next generation.

“There’s also a shift in sentiments that aligns with a broader acknowledgment of real estate’s enduring value and potential for sustained financial growth. We believe investors are strategically positioning themselves for wealth accumulation and creating multi-generational wealth through real estate investments,” said Ashwin Chaddha, CEO, India Sotheby’s International Realty.

Holiday homes & farm houses

Commercial real estate which generates rent was the most preferred sub-set. Holiday homes, farm houses and agricultural land were the other popular choices.

“We observe an increasing trend of owning farmhouses in suburbs/ city peripheries, driven by the need for larger spaces, open green areas, work from home, privacy, and amenities such as a private swimming pool,” the report said.

In other notable findings, 35% of holiday home buyers expressed Goa as their preferred destination. It highlights the enduring appeal of Goa’s lifestyle among India’s wealthy, Sotheby’s notes.

Desire to invest in overseas property remained stable at 12%. Their top choices are Dubai, UAE, and USA.

Haley Bennett

I have over 10 years of experience in the cryptocurrency industry and I have been on the list of the top authors on LinkedIn for the past 5 years. I have a wealth of knowledge to share with my readers, and my goal is to help them navigate the ever-changing world of cryptocurrencies.

Business Tags:ashwin chaddha, goa, goa s, luxury outlook survey, sothebys

Post navigation

Previous Post: Rephrase the title:How much did Sachin Tendulkar score in OWOF friendly game? Full scorecard, result and highlights
Next Post: Rephrase the title:Where to watch Egypt vs Ghana live stream, TV channel, lineups, prediction for AFCON 2024 match

Related Posts

The Ultimate Guide to Sweet Potatoes: Mother Nature’s Sweetest Gift Business
Oil’s endurance: Defying decrease in the face of electric vehicle boom, global demand reaches all-time highs Business
“India’s IT hardware revolution: Ashwini Vaishnaw announces approval of PLI for 27 companies” Business
Rephrase the title:The unsealed documents related to Jeffrey Epstein weren’t full of bombshells, but some new details emerged Business
Rephrase the title:Ready to introduce same-day settlement of trades by March 2024: Sebi chief Business
Bobby Deol discusses Abrar’s transformation into an ‘Animal’ due to trauma in his negative role Business

Recent Posts

  • Robin Open Social-Fi: Revolutionizes Gaming with Innovative Integration and Global Partnerships
  • $GUMMY Set to Launch New Meta On Staking on Solana
  • BinoStake.io: Transforming Crypto Investments On BNB Chain with Liquid Staking Solutions
  • Mocaverse to Develop Decentralized Social Layer
  • Expansion of Web3 Fueled by Hong Kong’s Financial Secretary

Categories

  • Business
  • Cricket
  • Football
  • Health
  • Press Release
  • Technology
  • Web3

About Us

Welcome to TechVibe9, where the rhythm of technology meets innovation! We are a group of tech enthusiasts on a mission to uncover and showcase the latest in the tech world.

Mail Us : support@techvibe9.com

Latest Post

  • Robin Open Social-Fi: Revolutionizes Gaming with Innovative Integration and Global Partnerships
  • $GUMMY Set to Launch New Meta On Staking on Solana
  • BinoStake.io: Transforming Crypto Investments On BNB Chain with Liquid Staking Solutions

Helpful Links

  • About Us
  • Contact Us
  • Privacy Policy
  • Terms & Conditions

Copyright © TechVibe9

Powered by PressBook Masonry Dark