India's Ultra-Rich to Allocate 22-25% of Wealth to Residential Real Estate

Knight Frank's 2025 Wealth Report highlights a growing number of billionaires and evolving investment preferences among India's high-net-worth individuals.

India's high-net-worth individuals (HNWIs), defined as those with assets exceeding $10 million, rose by 6% in 2024 to 85,698 and are projected to grow to 93,753 by 2028.
The country now has 191 billionaires, with 26 new additions in 2024, marking a 12% annual growth in billionaire population.
Indian HNWIs are expected to allocate 22-25% of their wealth to prime residential real estate, with the majority of investments focused in cities like Mumbai, Delhi-NCR, Hyderabad, and Chennai.
The younger generation of wealthy Indians, aged 18-35, shows a strong preference for property ownership, with 89% favoring ownership over renting and 65% planning to upgrade their homes within a year.
India ranks third globally in billionaire wealth at $950 billion, following the U.S. and Mainland China, and accounts for 3.7% of the world's wealthy individuals.