India reportedly ranked third in billionaire population globally in 2021. The US is number one followed by the Chinese mainland and India.
Nearly 30 per cent wealth of Indian ultra-high-net-worth individuals (UHNWIs) was allocated towards the purchase of principal and second housing properties last year, according to property consultant Knight Frank.
In its attitude survey, part of the Wealth Report 2022, Knight Frank India said that 29 per cent wealth of Indian ultra-wealthy, (those having a net worth of USD 30 million and above), is allocated towards purchase of principal and second homes.
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