Will prime residential assets remain the mainstream investment avenue for HNIs in India? The Economic Times
Real estate has been a big draw for the super-rich in India for the longest time. Land and Built up residential real estate were the most sought after asset classes amongst the old wealthy. Socialist India with its low growth rate and high inflation ensured that Real Estate became an inflation hedge as most investors saw Real estate as a linearly growing asset class. Moreover, lack of capital convertibility ensured all real estate acquired was in India.
