{"id":84935,"date":"2025-03-05T11:08:41","date_gmt":"2025-03-05T11:08:41","guid":{"rendered":"https:\/\/alertindianews.in\/?p=84935"},"modified":"2025-03-05T11:08:41","modified_gmt":"2025-03-05T11:08:41","slug":"delhi-bengaluru-saw-growth-in-global-luxury-home-market-in-2024-report","status":"publish","type":"post","link":"https:\/\/alertindianews.in\/?p=84935","title":{"rendered":"Delhi, Bengaluru Saw Growth In Global Luxury Home Market In 2024: Report"},"content":{"rendered":"
The next generation of Indian high-net-worth individuals (HNWIs) is showing a strong interest in high-end investments as 46.5 per cent aspire to own a luxury car, while 25.7 per cent have expressed a desire to own a luxury home, a new report said on Wednesday.<\/p>\n
Additionally, 25.7 per cent of them have a keen interest in acquiring high-end real estate, making it their second most preferred luxury asset.<\/p>\n
According to a Knight Frank’s report, art collection follows with 11.9 per cent, while 9.9 per cent dream of owning a private jet.<\/p>\n
The survey, which focuses on individuals with an income of over $125,000, also revealed interest in other luxury assets such as art collections, private jets, and superyachts.<\/p>\n
Nearly 30 per cent of the next-gen HNWIs preferred high-end real estate globally, followed by luxury cars at 27.8 per cent, and private jets at 15.1 per cent.<\/p>\n
It also revealed that Delhi and Bengaluru have made notable strides in the global luxury residential market as both cities saw significant improvements in the Prime International Residential Index (PIRI 100).<\/p>\n
The report revealed that Delhi saw the most remarkable growth, jumping from 37th place in 2023 to 18th in 2024. This impressive rise was driven by a 6.7 per cent year-on-year (YoY) increase in luxury residential prices.<\/p>\n
Bengaluru also saw a positive change, moving up from 59th to 40th place as the city witnessed a healthy demand in the luxury property segment.<\/p>\n
The report also highlighted that the global luxury residential market as a whole saw an average price increase of 3.6 per cent in 2024.<\/p>\n
This growth was particularly strong in regions like the Middle East and Latin America, where markets grew by 7.2 per cent and 6.3 per cent, respectively.<\/p>\n
The strong performance in these regions was driven by regional demand, with many markets showing positive growth despite broader global economic challenges, said the report.<\/p>\n
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)<\/i><\/p>\n
\u200bThe next generation of Indian high-net-worth individuals is showing a strong interest in high-end investments as 46.5 per cent aspire to own a luxury car, while 25.7 per cent have expressed a desire to own a luxury home, a new report said.\u00a0\u00a0<\/p>","protected":false},"excerpt":{"rendered":"
The next generation of Indian high-net-worth individuals (HNWIs) is showing a strong interest in high-end investments as 46.5<\/p>\n","protected":false},"author":0,"featured_media":84936,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_themeisle_gutenberg_block_has_review":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-84935","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"aioseo_notices":[],"featured_image_urls":{"full":["https:\/\/alertindianews.in\/wp-content\/uploads\/2025\/03\/p69qa1m8_luxury-home-generic-pixabay-_625x300_27_November_23-t5gfkH.jpeg",1200,738,false],"thumbnail":["https:\/\/alertindianews.in\/wp-content\/uploads\/2025\/03\/p69qa1m8_luxury-home-generic-pixabay-_625x300_27_November_23-t5gfkH-150x150.jpeg",150,150,true],"medium":["https:\/\/alertindianews.in\/wp-content\/uploads\/2025\/03\/p69qa1m8_luxury-home-generic-pixabay-_625x300_27_November_23-t5gfkH-300x185.jpeg",300,185,true],"medium_large":["https:\/\/alertindianews.in\/wp-content\/uploads\/2025\/03\/p69qa1m8_luxury-home-generic-pixabay-_625x300_27_November_23-t5gfkH-768x472.jpeg",640,393,true],"large":["https:\/\/alertindianews.in\/wp-content\/uploads\/2025\/03\/p69qa1m8_luxury-home-generic-pixabay-_625x300_27_November_23-t5gfkH-1024x630.jpeg",640,394,true],"1536x1536":["https:\/\/alertindianews.in\/wp-content\/uploads\/2025\/03\/p69qa1m8_luxury-home-generic-pixabay-_625x300_27_November_23-t5gfkH.jpeg",1200,738,false],"2048x2048":["https:\/\/alertindianews.in\/wp-content\/uploads\/2025\/03\/p69qa1m8_luxury-home-generic-pixabay-_625x300_27_November_23-t5gfkH.jpeg",1200,738,false],"morenews-large":["https:\/\/alertindianews.in\/wp-content\/uploads\/2025\/03\/p69qa1m8_luxury-home-generic-pixabay-_625x300_27_November_23-t5gfkH-825x575.jpeg",825,575,true],"morenews-medium":["https:\/\/alertindianews.in\/wp-content\/uploads\/2025\/03\/p69qa1m8_luxury-home-generic-pixabay-_625x300_27_November_23-t5gfkH-590x410.jpeg",590,410,true]},"author_info":{"display_name":"","author_link":"https:\/\/alertindianews.in\/?author=0"},"category_info":"Uncategorized<\/a>","tag_info":"Uncategorized","comment_count":"0","_links":{"self":[{"href":"https:\/\/alertindianews.in\/index.php?rest_route=\/wp\/v2\/posts\/84935","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alertindianews.in\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alertindianews.in\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/alertindianews.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=84935"}],"version-history":[{"count":0,"href":"https:\/\/alertindianews.in\/index.php?rest_route=\/wp\/v2\/posts\/84935\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alertindianews.in\/index.php?rest_route=\/wp\/v2\/media\/84936"}],"wp:attachment":[{"href":"https:\/\/alertindianews.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=84935"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alertindianews.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=84935"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alertindianews.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=84935"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}