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2024

India’s super rich put 32% of their wealth in residential assets: Report

India’s super rich put 32% of their wealth in residential assets: Report

As much as 32% of India’s ultra-high-net-worth individuals’ wealth is allocated towards residential real estate asset class of which nearly 14% is invested outside India. About 12% of India’s UHNWIs plan to buy a new home in 2024, according to Knight Frank’s The Wealth Report 2024. As many as 32% of India’s ultra-high-net-worth individuals’ wealth is allocated towards residential...

Mumbai ranked at number 8 globally in terms of price growth in luxury housing

Mumbai ranked at number 8 globally in terms of price growth in luxury housing

Mumbai is now among the top 10 luxury residential markets in the world. The city is ranked at number 8 globally in terms of price growth in luxury housing. Delhi takes the 37th spot and Bengaluru 59th position, according to Knight Frank’s The Wealth Report 2024. Mumbai is now among the top 10 luxury residential markets in the world. The city is ranked at number 8 globally in terms of price...

Noida to lift ban on registration of apartments in sports city project

Noida to lift ban on registration of apartments in sports city project

NOIDA: The Noida authority is likely to lift the three-year long ban imposed on apartment registration in the Sports City housing project located in Sector 150, said officials on Tuesday. The move will benefit thousands of homebuyers who are suffering for the last three to four years after the authority, in 2021, had imposed the ban in view of the comptroller and auditor general (CAG) audit....