Luxury lifestyle choices of the richest Indians
By Lijee Philip & Kailash Babar, for Economic Times, India Times
26 Jun 2022
Rich Indians are living luxuriously in homes away from home as their luxury portfolio of investments evolves
Rich Indians are living luxuriously in homes away from home as their luxury portfolio of investments evolves.
From Candolim and Assagao in Goa to Medhufaru and Kunfunadhoo islands in the Maldives to Marina beach in Dubai, uber rich Indians are buying luxury villas and houses in locations considered safe or offering better taxation rates and business opportunities.
Indian business families, startup founders and CXOs are investing in luxury properties within the country and abroad in places where geopolitical risks are low, a trend that picked up last year post Covid-19 outbreak, luxury real estate development and brokerage firms told ET.
Investment diversification and residency status in another country as part of business expansion or where their children study are among key drivers for Indians to invest in luxury homes in domestic and offshore real estate with good yields being achieved globally.
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(source: Economic Times)