Knight Frank, a global real estate consultancy, released its Wealth Report 2023, which provides insights into the trends and performance of the prime residential property market across the world.

• Among Indian respondents, the consultant said 88 per cent saw a rise in UHNWI’s (ultra-high-net-worth individuals) wealth in 2022.
• Out of which 35 per cent respondents said that Indian UHNWIs saw an increase in their wealth in excess of 10 per cent last year.
• Going forward, the Indian respondents expect wealth of the ultra-wealthy to continue to increase in 2023.
• While 47 per cent expect wealth to increase by more than 10 per cent, 53 per cent expect wealth to rise by at least 10 per cent over the previous year.
• The survey also found that investable wealth of Indian UHNWIs is largely allocated between equities, real estate and bonds.