{"id":4859,"date":"2024-02-28T11:44:06","date_gmt":"2024-02-28T11:44:06","guid":{"rendered":"https:\/\/www.saa.one\/?page_id=4859"},"modified":"2024-03-01T12:57:29","modified_gmt":"2024-03-01T12:57:29","slug":"why-are-rich-indians-buying-luxury-properties-before-the-close-of-the-financial-year","status":"publish","type":"page","link":"https:\/\/www.saa.one\/about\/why-are-rich-indians-buying-luxury-properties-before-the-close-of-the-financial-year\/","title":{"rendered":"Why are rich Indians buying luxury properties before the close of the financial year?"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><p>[vc_row dt_row_type=&#8221;in_container&#8221; bg_type=&#8221;image&#8221; parallax_style=&#8221;vcpb-default&#8221; bg_image_new=&#8221;id^4870|url^https:\/\/www.saa.one\/wp-content\/uploads\/2024\/03\/EOI-Expression-of-Interest-in-Real-Estate-min.png|caption^null|alt^null|title^EOI-Expression-of-Interest-in-Real-Estate-min|description^null&#8221; bg_image_repeat=&#8221;no-repeat&#8221; bg_override=&#8221;full&#8221; dt_padding_top=&#8221;150&#8243; dt_padding_bottom=&#8221;150&#8243; dt_class=&#8221;headerbanner&#8221;][vc_column][vc_row_inner][vc_column_inner][vc_custom_heading text=&#8221;Why are rich Indians buying luxury properties before the close of the financial year?&#8221; font_container=&#8221;tag:h1|font_size:60px|text_align:left|color:%23ffffff|line_height:78px&#8221; use_theme_fonts=&#8221;yes&#8221; el_class=&#8221;bannertitle&#8221;][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row dt_row_type=&#8221;in_container&#8221; dt_class=&#8221;content-section&#8221; dt_id=&#8221;overview&#8221;][vc_column width=&#8221;1\/3&#8243;]<div class=\"ult_row_spacer\"><div class=\"ult-sticky-anchor\"><div class=\"ult-sticky-section ult-sticky tableofcontent\"  data-gutter= '20' data-stick_behaviour= 'stick_with_scroll_row'  data-sticky_position= 'top' data-mobile='no' data-support='no'><div class=\"customlist list-icon-fa-ok\"><\/p>\n<h3>Jump to:<\/h3>\n<ul>\n<li><a href=\"#overview\">Overview<\/a><\/li>\n<li><a href=\"#fourth\">What has been the driving motive for luxury property investments?<\/a><\/li>\n<li><a href=\"#Conclusion\">The Bottom Line<\/a><\/li>\n<\/ul>\n<p><\/div>[vc_tta_accordion active_section=&#8221;&#8221; collapsible_all=&#8221;true&#8221; el_class=&#8221;formacc&#8221;][vc_tta_section title=&#8221;Get the best quote to buy commercial property In Indore&#8221; tab_id=&#8221;1680015530772-7949bab9-2040&#8243;][vc_column_text]<script src=\"\/\/js.hsforms.net\/forms\/shell.js\" type=\"text\/javascript\" charset=\"utf-8\"><\/script><br \/>\n<script>\n  hbspt.forms.create({\n\tregion: \"na1\",\n\tportalId: \"20140787\",\n\tformId: \"f4ed0eb8-ec39-4a39-8ef7-cc9226047361\"\n});\n<\/script><br \/>\n[\/vc_column_text][\/vc_tta_section][\/vc_tta_accordion]<\/div><div class=\"ult-space\"><\/div><\/div><\/div>[\/vc_column][vc_column width=&#8221;2\/3&#8243; el_class=&#8221;content-section-right&#8221;][vc_single_image image=&#8221;4862&#8243; img_size=&#8221;full&#8221;][vc_custom_heading text=&#8221;Introduction&#8221; font_container=&#8221;tag:h2|font_size:25px|text_align:left|color:%230a0a0a|line_height:38px&#8221; google_fonts=&#8221;font_family:Nunito%3A300%2Cregular%2C700|font_style:700%20bold%20regular%3A700%3Anormal&#8221; el_class=&#8221;bannertitle&#8221; css=&#8221;.vc_custom_1706870200002{margin-bottom: 10px !important;}&#8221;][vc_column_text]<span style=\"font-weight: 400;\">With another financial year coming to an end, Indians have again begun to invest in real estate. And, the real estate in question this time is the luxury properties.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Let&#8217;s understand the meaning of &#8216;luxury properties&#8217; in this context first.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Luxurious properties in the said context are those properties the ticket size of which ranges from \u20b910 crore to more than \u20b9100 crore.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As you might have noticed by the ticket size, the demand and supply of these properties are inversely proportional. It might be one of the topmost reasons why the rich Indians are investing more in luxurious properties. The contributing factor to this is the fear of missing out on the limited supply of affluent properties.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Election is another reason for such investments. Investors who have previously benefited from the election-ruling financial market might be shifting their investments to real estate, seeking stability in the election-related market.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Indian luxury real estate market has witnessed a surge in activity towards the end of the financial year (March 31st) in recent years. This trend is particularly evident among High\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Net-worth Individuals (HNIs) and Ultra High Net-worth Individuals (UHNIs) who are increasingly closing deals for high-end properties before the year-end. The supply is less than the demand.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A recent survey reveals a surge in economic optimism among India&#8217;s wealthy. Nearly 80% of high-net-worth individuals (HNIs) and ultra-high-net-worth individuals (UHNIs) believe the Indian economy is on a positive path for 2023-24, a significant increase from 59% last year.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This 20-point jump reflects growing confidence in the country&#8217;s economic future among its affluent class.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Additionally, a striking 83% of affluent respondents reported owning multiple luxury properties beyond their primary residences. This highlights their strategic approach to real estate investment, with ownership of various assets including:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Commercial real estate (34%)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Holiday homes (25%)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Agricultural land (21%)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Farmhouses (20%)<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">This diversified portfolio approach suggests that affluent Indians are seeking not only status but also potential financial gain and varied lifestyle options through their property ownership.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Let&#8217;s delve deeper and explore the reasons behind this annual phenomenon.<\/span>[\/vc_column_text]<div class=\"ult-spacer spacer-69ff2cfa27280\" data-id=\"69ff2cfa27280\" data-height=\"20\" data-height-mobile=\"20\" data-height-tab=\"20\" data-height-tab-portrait=\"20\" data-height-mobile-landscape=\"20\" style=\"clear:both;display:block;\"><\/div>[vc_row_inner css=&#8221;.vc_custom_1695214565490{background-color: #ededed !important;}&#8221; el_id=&#8221;second&#8221;][vc_column_inner][vc_custom_heading text=&#8221;1. Tax Planning Strategies:&#8221; font_container=&#8221;tag:h2|font_size:25px|text_align:left|color:%230a0a0a|line_height:38px&#8221; google_fonts=&#8221;font_family:Nunito%3A300%2Cregular%2C700|font_style:700%20bold%20regular%3A700%3Anormal&#8221; el_class=&#8221;bannertitle&#8221;]<div class=\"ult-spacer spacer-69ff2cfa272d7\" data-id=\"69ff2cfa272d7\" data-height=\"10\" data-height-mobile=\"10\" data-height-tab=\"10\" data-height-tab-portrait=\"\" data-height-mobile-landscape=\"\" style=\"clear:both;display:block;\"><\/div>[vc_custom_heading text=&#8221;\u29bf Capital Gains Optimization:&#8221; font_container=&#8221;tag:h3|font_size:22px|text_align:left|color:%230a0a0a|line_height:30px&#8221; google_fonts=&#8221;font_family:Nunito%3A300%2Cregular%2C700|font_style:700%20bold%20regular%3A700%3Anormal&#8221; el_class=&#8221;bannertitle&#8221; css=&#8221;.vc_custom_1709293948920{margin-bottom: 10px !important;}&#8221;][vc_column_text]<span style=\"font-weight: 400;\">HNIs often seek to invest their capital gains, generated from other assets like stocks or businesses, in a tax-efficient manner. Real estate provides an attractive option, as it allows for offsetting capital gains tax by reinvesting the gains in a new property within a specific timeframe. This &#8220;investment window&#8221; often coincides with the financial year&#8217;s end, leading to a last-minute rush to finalize deals.<\/span>[\/vc_column_text][vc_custom_heading text=&#8221;\u29bf Tax Deductions and Benefits:&#8221; font_container=&#8221;tag:h3|font_size:22px|text_align:left|color:%230a0a0a|line_height:30px&#8221; google_fonts=&#8221;font_family:Nunito%3A300%2Cregular%2C700|font_style:700%20bold%20regular%3A700%3Anormal&#8221; el_class=&#8221;bannertitle&#8221; css=&#8221;.vc_custom_1709293953954{margin-bottom: 10px !important;}&#8221;][vc_column_text]<span style=\"font-weight: 400;\">Luxury properties, despite their hefty price tags, offer certain tax benefits. Depreciation on the property value can be claimed, translating to lower taxable income. Additionally, interest paid on home loans can be partially deducted, further reducing tax liabilities for these individuals.<\/span>[\/vc_column_text]<div class=\"ult-spacer spacer-69ff2cfa2731f\" data-id=\"69ff2cfa2731f\" data-height=\"20\" data-height-mobile=\"20\" data-height-tab=\"20\" data-height-tab-portrait=\"\" data-height-mobile-landscape=\"\" style=\"clear:both;display:block;\"><\/div>[vc_custom_heading text=&#8221;2. Economic Optimism and Investment Diversification:&#8221; font_container=&#8221;tag:h2|font_size:25px|text_align:left|color:%230a0a0a|line_height:38px&#8221; google_fonts=&#8221;font_family:Nunito%3A300%2Cregular%2C700|font_style:700%20bold%20regular%3A700%3Anormal&#8221; el_class=&#8221;bannertitle&#8221;]<div class=\"ult-spacer spacer-69ff2cfa27362\" data-id=\"69ff2cfa27362\" data-height=\"10\" data-height-mobile=\"10\" data-height-tab=\"10\" data-height-tab-portrait=\"\" data-height-mobile-landscape=\"\" style=\"clear:both;display:block;\"><\/div>[vc_custom_heading text=&#8221;\u29bf Confidence in the Indian Economy:&#8221; font_container=&#8221;tag:h3|font_size:22px|text_align:left|color:%230a0a0a|line_height:30px&#8221; google_fonts=&#8221;font_family:Nunito%3A300%2Cregular%2C700|font_style:700%20bold%20regular%3A700%3Anormal&#8221; el_class=&#8221;bannertitle&#8221; css=&#8221;.vc_custom_1709294043943{margin-bottom: 10px !important;}&#8221;][vc_column_text]<span style=\"font-weight: 400;\">A positive outlook on the Indian economy, with its projected growth and anticipated appreciation in real estate value, fuels the decision to invest in luxury properties. HNIs view these properties as a safe and potentially lucrative long-term investment, offering a hedge against inflation and market volatility.<\/span>[\/vc_column_text][vc_custom_heading text=&#8221;\u29bf Portfolio Diversification:&#8221; font_container=&#8221;tag:h3|font_size:22px|text_align:left|color:%230a0a0a|line_height:30px&#8221; google_fonts=&#8221;font_family:Nunito%3A300%2Cregular%2C700|font_style:700%20bold%20regular%3A700%3Anormal&#8221; el_class=&#8221;bannertitle&#8221; css=&#8221;.vc_custom_1709294039833{margin-bottom: 10px !important;}&#8221;][vc_column_text]<span style=\"font-weight: 400;\">For HNIs, luxury properties offer an opportunity to diversify their investment portfolios, spreading their risk across different asset classes. This mitigates potential losses in other sectors, creating a more balanced financial position.<\/span>[\/vc_column_text]<div class=\"ult-spacer spacer-69ff2cfa273a3\" data-id=\"69ff2cfa273a3\" data-height=\"20\" data-height-mobile=\"20\" data-height-tab=\"20\" data-height-tab-portrait=\"\" data-height-mobile-landscape=\"\" style=\"clear:both;display:block;\"><\/div>[vc_custom_heading text=&#8221;3. Lifestyle Aspirations and Asset Appreciation:&#8221; font_container=&#8221;tag:h2|font_size:25px|text_align:left|color:%230a0a0a|line_height:38px&#8221; google_fonts=&#8221;font_family:Nunito%3A300%2Cregular%2C700|font_style:700%20bold%20regular%3A700%3Anormal&#8221; el_class=&#8221;bannertitle&#8221;]<div class=\"ult-spacer spacer-69ff2cfa273f6\" data-id=\"69ff2cfa273f6\" data-height=\"10\" data-height-mobile=\"10\" data-height-tab=\"10\" data-height-tab-portrait=\"\" data-height-mobile-landscape=\"\" style=\"clear:both;display:block;\"><\/div>[vc_custom_heading text=&#8221;\u29bf Exclusive Living Experience:&#8221; font_container=&#8221;tag:h3|font_size:22px|text_align:left|color:%230a0a0a|line_height:30px&#8221; google_fonts=&#8221;font_family:Nunito%3A300%2Cregular%2C700|font_style:700%20bold%20regular%3A700%3Anormal&#8221; el_class=&#8221;bannertitle&#8221; css=&#8221;.vc_custom_1709294273642{margin-bottom: 10px !important;}&#8221;][vc_column_text]<span style=\"font-weight: 400;\">Luxury properties cater to a specific segment that values exclusivity, high-end amenities, and a premium living experience. These properties often boast prime locations, world-class facilities, and unparalleled comfort, appealing to the aspirational desires of affluent buyers.<\/span>[\/vc_column_text][vc_custom_heading text=&#8221;\u29bf Anticipated Property Value Growth:&#8221; font_container=&#8221;tag:h3|font_size:22px|text_align:left|color:%230a0a0a|line_height:30px&#8221; google_fonts=&#8221;font_family:Nunito%3A300%2Cregular%2C700|font_style:700%20bold%20regular%3A700%3Anormal&#8221; el_class=&#8221;bannertitle&#8221; css=&#8221;.vc_custom_1709294298030{margin-bottom: 10px !important;}&#8221;][vc_column_text]<span style=\"font-weight: 400;\">The luxury real estate market in India has shown consistent growth over the past few years. HNIs expect this trend to continue, making luxury properties a lucrative investment with the potential for substantial capital appreciation over the long term.<\/span>[\/vc_column_text]<div class=\"ult-spacer spacer-69ff2cfa27434\" data-id=\"69ff2cfa27434\" data-height=\"20\" data-height-mobile=\"20\" data-height-tab=\"20\" data-height-tab-portrait=\"\" data-height-mobile-landscape=\"\" style=\"clear:both;display:block;\"><\/div>[vc_custom_heading text=&#8221;4. Psychological Factors and End-of-Year Triggers:&#8221; font_container=&#8221;tag:h2|font_size:25px|text_align:left|color:%230a0a0a|line_height:38px&#8221; google_fonts=&#8221;font_family:Nunito%3A300%2Cregular%2C700|font_style:700%20bold%20regular%3A700%3Anormal&#8221; el_class=&#8221;bannertitle&#8221;]<div class=\"ult-spacer spacer-69ff2cfa27470\" data-id=\"69ff2cfa27470\" data-height=\"10\" data-height-mobile=\"10\" data-height-tab=\"10\" data-height-tab-portrait=\"\" data-height-mobile-landscape=\"\" style=\"clear:both;display:block;\"><\/div>[vc_custom_heading text=&#8221;\u29bf Decision-Making Bias:&#8221; font_container=&#8221;tag:h3|font_size:22px|text_align:left|color:%230a0a0a|line_height:30px&#8221; google_fonts=&#8221;font_family:Nunito%3A300%2Cregular%2C700|font_style:700%20bold%20regular%3A700%3Anormal&#8221; el_class=&#8221;bannertitle&#8221; css=&#8221;.vc_custom_1709294367080{margin-bottom: 10px !important;}&#8221;][vc_column_text]<span style=\"font-weight: 400;\">Behavioral economics highlights the concept of &#8220;loss aversion,&#8221; where individuals are more sensitive to potential losses than potential gains. As the financial year nears its end, the fear of missing out on tax benefits or lucrative investment opportunities can trigger last-minute buying decisions.<\/span>[\/vc_column_text][vc_custom_heading text=&#8221;\u29bf Social Proof and Status Symbol:&#8221; font_container=&#8221;tag:h3|font_size:22px|text_align:left|color:%230a0a0a|line_height:30px&#8221; google_fonts=&#8221;font_family:Nunito%3A300%2Cregular%2C700|font_style:700%20bold%20regular%3A700%3Anormal&#8221; el_class=&#8221;bannertitle&#8221; css=&#8221;.vc_custom_1709294396567{margin-bottom: 10px !important;}&#8221;][vc_column_text]<span style=\"font-weight: 400;\">In certain segments of society, owning a luxury property can be seen as a symbol of success and social status. The end of the financial year may act as a trigger for individuals seeking to showcase their achievements and solidify their social standing.<\/span>[\/vc_column_text]<div class=\"ult-spacer spacer-69ff2cfa274aa\" data-id=\"69ff2cfa274aa\" data-height=\"20\" data-height-mobile=\"20\" data-height-tab=\"20\" data-height-tab-portrait=\"\" data-height-mobile-landscape=\"\" style=\"clear:both;display:block;\"><\/div>[vc_custom_heading text=&#8221;5. Market Dynamics and Developer Incentives:&#8221; font_container=&#8221;tag:h2|font_size:25px|text_align:left|color:%230a0a0a|line_height:38px&#8221; google_fonts=&#8221;font_family:Nunito%3A300%2Cregular%2C700|font_style:700%20bold%20regular%3A700%3Anormal&#8221; el_class=&#8221;bannertitle&#8221;]<div class=\"ult-spacer spacer-69ff2cfa274e3\" data-id=\"69ff2cfa274e3\" data-height=\"10\" data-height-mobile=\"10\" data-height-tab=\"10\" data-height-tab-portrait=\"\" data-height-mobile-landscape=\"\" style=\"clear:both;display:block;\"><\/div>[vc_custom_heading text=&#8221;\u29bf Limited Supply and High Demand:&#8221; font_container=&#8221;tag:h3|font_size:22px|text_align:left|color:%230a0a0a|line_height:30px&#8221; google_fonts=&#8221;font_family:Nunito%3A300%2Cregular%2C700|font_style:700%20bold%20regular%3A700%3Anormal&#8221; el_class=&#8221;bannertitle&#8221; css=&#8221;.vc_custom_1709294504849{margin-bottom: 10px !important;}&#8221;][vc_column_text]<span style=\"font-weight: 400;\">\u00a0The supply of luxury properties in prime locations is often limited, creating a sense of exclusivity and high demand. This can lead to a situation where buyers perceive a need to act quickly to secure their desired property before it is sold out, further contributing to the end-of-year surge.<\/span>[\/vc_column_text][vc_custom_heading text=&#8221;\u29bf Developer Incentives and Offers:&#8221; font_container=&#8221;tag:h3|font_size:22px|text_align:left|color:%230a0a0a|line_height:30px&#8221; google_fonts=&#8221;font_family:Nunito%3A300%2Cregular%2C700|font_style:700%20bold%20regular%3A700%3Anormal&#8221; el_class=&#8221;bannertitle&#8221; css=&#8221;.vc_custom_1709294525752{margin-bottom: 10px !important;}&#8221;][vc_column_text]<span style=\"font-weight: 400;\">To attract buyers during this period, developers may offer special discounts, payment plans, or additional benefits on luxury properties. These incentives can add an extra layer of motivation for HNIs to finalize deals before the offers expire at the end of the financial year.<\/span>[\/vc_column_text]<div class=\"ult-spacer spacer-69ff2cfa27519\" data-id=\"69ff2cfa27519\" data-height=\"10\" data-height-mobile=\"10\" data-height-tab=\"10\" data-height-tab-portrait=\"\" data-height-mobile-landscape=\"\" style=\"clear:both;display:block;\"><\/div>[\/vc_column_inner][\/vc_row_inner][vc_row_inner el_id=&#8221;third&#8221;][vc_column_inner][vc_custom_heading text=&#8221;But what are the driving forces behind this phenomenon?&#8221; font_container=&#8221;tag:h2|font_size:35px|text_align:left|color:%230a0a0a|line_height:48px&#8221; google_fonts=&#8221;font_family:Nunito%3A300%2Cregular%2C700|font_style:700%20bold%20regular%3A700%3Anormal&#8221; el_class=&#8221;bannertitle&#8221;]<div class=\"ult-spacer spacer-69ff2cfa2754e\" data-id=\"69ff2cfa2754e\" data-height=\"10\" data-height-mobile=\"10\" data-height-tab=\"10\" data-height-tab-portrait=\"\" data-height-mobile-landscape=\"\" style=\"clear:both;display:block;\"><\/div>[vc_column_text]<span style=\"font-weight: 400;\">To understand the reasons behind this trend, it&#8217;s crucial to consider the broader financial landscape in India:<\/span>[\/vc_column_text]<div class=\"ult-spacer spacer-69ff2cfa27581\" data-id=\"69ff2cfa27581\" data-height=\"10\" data-height-mobile=\"10\" data-height-tab=\"10\" data-height-tab-portrait=\"\" data-height-mobile-landscape=\"\" style=\"clear:both;display:block;\"><\/div>[vc_custom_heading text=&#8221;\u29bf Capital Gains:&#8221; font_container=&#8221;tag:h3|font_size:22px|text_align:left|color:%230a0a0a|line_height:30px&#8221; google_fonts=&#8221;font_family:Nunito%3A300%2Cregular%2C700|font_style:700%20bold%20regular%3A700%3Anormal&#8221; el_class=&#8221;bannertitle&#8221; css=&#8221;.vc_custom_1709294682233{margin-bottom: 10px !important;}&#8221;][vc_column_text]<span style=\"font-weight: 400;\">The Indian stock market has witnessed significant growth in recent years, leading to potential capital gains for many investors. As the financial year comes to a close, individuals with large capital gains may seek to invest them in assets like luxury properties to offset their tax burden through avenues like Section 54EC. One such example is Section 54EC of the Income Tax Act, which allows individuals to claim a deduction of up to \u20b91.5 lacs on capital gains earned from the sale of capital assets like stocks or mutual funds if they reinvest the proceeds in residential property within a stipulated timeframe. This deduction effectively reduces their taxable income and tax liability. This presents a compelling incentive for HNIs who may have accrued significant gains in the stock market or other investments throughout the year. By strategically investing these gains in luxury properties before the financial year concludes, they can potentially defer or minimize their tax liabilities.<\/span>[\/vc_column_text][vc_custom_heading text=&#8221;Data Point:&#8221; font_container=&#8221;tag:h2|font_size:25px|text_align:left|color:%230a0a0a|line_height:38px&#8221; google_fonts=&#8221;font_family:Nunito%3A300%2Cregular%2C700|font_style:700%20bold%20regular%3A700%3Anormal&#8221; el_class=&#8221;bannertitle&#8221;][vc_column_text]<span style=\"font-weight: 400;\">According to a report by Knight Frank, the average price of luxury properties in India&#8217;s major cities witnessed a rise of 15-20% between 2021 and 2023. This growth, coupled with the potential tax benefits, can make pre-year-end purchases in the luxury segment particularly attractive for savvy investors seeking to optimize their wealth management strategies.<\/span>[\/vc_column_text]<div class=\"ult-spacer spacer-69ff2cfa275b2\" data-id=\"69ff2cfa275b2\" data-height=\"10\" data-height-mobile=\"10\" data-height-tab=\"10\" data-height-tab-portrait=\"\" data-height-mobile-landscape=\"\" style=\"clear:both;display:block;\"><\/div>[vc_custom_heading text=&#8221;\u29bf Portfolio Diversification and Inflation Hedging:&#8221; font_container=&#8221;tag:h3|font_size:22px|text_align:left|color:%230a0a0a|line_height:30px&#8221; google_fonts=&#8221;font_family:Nunito%3A300%2Cregular%2C700|font_style:700%20bold%20regular%3A700%3Anormal&#8221; el_class=&#8221;bannertitle&#8221; css=&#8221;.vc_custom_1709294802226{margin-bottom: 10px !important;}&#8221;][vc_column_text]<span style=\"font-weight: 400;\">In today&#8217;s dynamic economic climate, characterized by rising inflation and market volatility, HNIs are increasingly seeking to diversify their investment portfolios to mitigate risk and ensure long-term financial stability. Real estate, particularly the luxury segment, is often perceived as a haven asset, offering both potential for capital appreciation and rental income generation. This makes it a valuable addition to a diversified portfolio, providing a hedge against inflation that can erode the value of other asset classes over time.<\/span>[\/vc_column_text][vc_custom_heading text=&#8221;Data Point:&#8221; font_container=&#8221;tag:h3|font_size:22px|text_align:left|color:%230a0a0a|line_height:30px&#8221; google_fonts=&#8221;font_family:Nunito%3A300%2Cregular%2C700|font_style:700%20bold%20regular%3A700%3Anormal&#8221; el_class=&#8221;bannertitle&#8221; css=&#8221;.vc_custom_1709294841571{margin-bottom: 10px !important;}&#8221;][vc_column_text]<span style=\"font-weight: 400;\">A survey conducted by Financial Express revealed that 71% of UHNIs and HNIs in India plan to invest in luxury real estate within the next 24 months, highlighting the growing appeal of this asset class as a diversification strategy.<\/span>[\/vc_column_text]<div class=\"ult-spacer spacer-69ff2cfa275df\" data-id=\"69ff2cfa275df\" data-height=\"10\" data-height-mobile=\"10\" data-height-tab=\"10\" data-height-tab-portrait=\"\" data-height-mobile-landscape=\"\" style=\"clear:both;display:block;\"><\/div>[vc_custom_heading text=&#8221;\u29bf Investment Potential and Long-Term Growth:&#8221; font_container=&#8221;tag:h3|font_size:22px|text_align:left|color:%230a0a0a|line_height:30px&#8221; google_fonts=&#8221;font_family:Nunito%3A300%2Cregular%2C700|font_style:700%20bold%20regular%3A700%3Anormal&#8221; el_class=&#8221;bannertitle&#8221; css=&#8221;.vc_custom_1709295744744{margin-bottom: 10px !important;}&#8221;][vc_column_text]<span style=\"font-weight: 400;\">The Indian luxury real estate market has exhibited consistent growth over the past decade. Driven by factors such as urbanization, rising disposable income among affluent individuals, and a limited supply of premium properties, the demand for luxury residences remains strong. This, coupled with the inherent value appreciation associated with prime locations and high-quality construction, makes luxury properties an attractive investment proposition for HNIs seeking long-term wealth creation.\u00a0<\/span>[\/vc_column_text][vc_custom_heading text=&#8221;Data Point:&#8221; font_container=&#8221;tag:h3|font_size:22px|text_align:left|color:%230a0a0a|line_height:30px&#8221; google_fonts=&#8221;font_family:Nunito%3A300%2Cregular%2C700|font_style:700%20bold%20regular%3A700%3Anormal&#8221; el_class=&#8221;bannertitle&#8221; css=&#8221;.vc_custom_1709294841571{margin-bottom: 10px !important;}&#8221;][vc_column_text]<span style=\"font-weight: 400;\">An analysis by JLL, indicates that the price of luxury properties in India&#8217;s key cities is projected to increase by 8-10% in the next two years, further solidifying the long-term investment potential of this segment.<\/span>[\/vc_column_text]<div class=\"ult-spacer spacer-69ff2cfa2760d\" data-id=\"69ff2cfa2760d\" data-height=\"10\" data-height-mobile=\"10\" data-height-tab=\"10\" data-height-tab-portrait=\"\" data-height-mobile-landscape=\"\" style=\"clear:both;display:block;\"><\/div>[vc_custom_heading text=&#8221;\u29bf Other Contributing Factors:&#8221; font_container=&#8221;tag:h3|font_size:22px|text_align:left|color:%230a0a0a|line_height:30px&#8221; google_fonts=&#8221;font_family:Nunito%3A300%2Cregular%2C700|font_style:700%20bold%20regular%3A700%3Anormal&#8221; el_class=&#8221;bannertitle&#8221; css=&#8221;.vc_custom_1709294973490{margin-bottom: 10px !important;}&#8221;]<div class=\"ult-spacer spacer-69ff2cfa27635\" data-id=\"69ff2cfa27635\" data-height=\"10\" data-height-mobile=\"10\" data-height-tab=\"10\" data-height-tab-portrait=\"\" data-height-mobile-landscape=\"\" style=\"clear:both;display:block;\"><\/div>[vc_custom_heading text=&#8221;1. Limited Supply:&#8221; font_container=&#8221;tag:h3|font_size:22px|text_align:left|color:%230a0a0a|line_height:30px&#8221; google_fonts=&#8221;font_family:Nunito%3A300%2Cregular%2C700|font_style:700%20bold%20regular%3A700%3Anormal&#8221; el_class=&#8221;bannertitle&#8221; css=&#8221;.vc_custom_1709294982442{margin-bottom: 10px !important;}&#8221;][vc_column_text]<span style=\"font-weight: 400;\">The supply of new luxury properties in major Indian cities remains limited, creating a sense of scarcity and driving up demand. This limited supply, coupled with rising demand, further incentivizes HNIs to close deals before the year-end to secure their preferred properties.<\/span>[\/vc_column_text][vc_custom_heading text=&#8221;2. Low Interest Rates:&#8221; font_container=&#8221;tag:h3|font_size:22px|text_align:left|color:%230a0a0a|line_height:30px&#8221; google_fonts=&#8221;font_family:Nunito%3A300%2Cregular%2C700|font_style:700%20bold%20regular%3A700%3Anormal&#8221; el_class=&#8221;bannertitle&#8221; css=&#8221;.vc_custom_1709295006985{margin-bottom: 10px !important;}&#8221;][vc_column_text]<span style=\"font-weight: 400;\">While interest rates have risen slightly in recent months, they remain historically low compared to previous years. This makes it more financially attractive for HNIs to take out mortgages to finance their luxury property purchases.<\/span>[\/vc_column_text]<div class=\"ult-spacer spacer-69ff2cfa27668\" data-id=\"69ff2cfa27668\" data-height=\"10\" data-height-mobile=\"10\" data-height-tab=\"10\" data-height-tab-portrait=\"\" data-height-mobile-landscape=\"\" style=\"clear:both;display:block;\"><\/div>[vc_custom_heading text=&#8221;\u29bf Considerations for Future Trends:&#8221; font_container=&#8221;tag:h3|font_size:22px|text_align:left|color:%230a0a0a|line_height:30px&#8221; google_fonts=&#8221;font_family:Nunito%3A300%2Cregular%2C700|font_style:700%20bold%20regular%3A700%3Anormal&#8221; el_class=&#8221;bannertitle&#8221; css=&#8221;.vc_custom_1709295066058{margin-bottom: 10px !important;}&#8221;]<div class=\"ult-spacer spacer-69ff2cfa2769d\" data-id=\"69ff2cfa2769d\" data-height=\"10\" data-height-mobile=\"10\" data-height-tab=\"10\" data-height-tab-portrait=\"\" data-height-mobile-landscape=\"\" style=\"clear:both;display:block;\"><\/div>[vc_custom_heading text=&#8221;1. Market Correction Potential:&#8221; font_container=&#8221;tag:h3|font_size:22px|text_align:left|color:%230a0a0a|line_height:30px&#8221; google_fonts=&#8221;font_family:Nunito%3A300%2Cregular%2C700|font_style:700%20bold%20regular%3A700%3Anormal&#8221; el_class=&#8221;bannertitle&#8221; css=&#8221;.vc_custom_1709295074743{margin-bottom: 10px !important;}&#8221;][vc_column_text]<span style=\"font-weight: 400;\">\u00a0While the current trend of pre-year-end luxury property purchases is expected to continue shortly, it&#8217;s important to acknowledge the potential for market corrections. The global economic climate and domestic policy changes can affect the real estate market, and investors should consider seeking professional advice before making significant investment decisions.<\/span>[\/vc_column_text][vc_custom_heading text=&#8221;2. Evolving Preferences:&#8221; font_container=&#8221;tag:h3|font_size:22px|text_align:left|color:%230a0a0a|line_height:30px&#8221; google_fonts=&#8221;font_family:Nunito%3A300%2Cregular%2C700|font_style:700%20bold%20regular%3A700%3Anormal&#8221; el_class=&#8221;bannertitle&#8221; css=&#8221;.vc_custom_1709295094728{margin-bottom: 10px !important;}&#8221;][vc_column_text]<span style=\"font-weight: 400;\">The preferences of HNIs regarding luxury property features and locations are constantly evolving. Understanding these evolving preferences and choosing properties with long-term appeal is crucial for maximizing investment returns.<\/span>[\/vc_column_text]<div class=\"ult-spacer spacer-69ff2cfa276c2\" data-id=\"69ff2cfa276c2\" data-height=\"20\" data-height-mobile=\"20\" data-height-tab=\"20\" data-height-tab-portrait=\"\" data-height-mobile-landscape=\"\" style=\"clear:both;display:block;\"><\/div>[\/vc_column_inner][\/vc_row_inner][vc_row_inner css=&#8221;.vc_custom_1709296693868{background-color: #ededed !important;}&#8221; el_id=&#8221;fourth&#8221;][vc_column_inner]<div class=\"ult-spacer spacer-69ff2cfa276ee\" data-id=\"69ff2cfa276ee\" data-height=\"20\" data-height-mobile=\"20\" data-height-tab=\"20\" data-height-tab-portrait=\"20\" data-height-mobile-landscape=\"20\" style=\"clear:both;display:block;\"><\/div>[vc_custom_heading text=&#8221;What has been the driving motive for luxury property investments?&#8221; font_container=&#8221;tag:h2|font_size:35px|text_align:left|color:%230a0a0a|line_height:48px&#8221; google_fonts=&#8221;font_family:Nunito%3A300%2Cregular%2C700|font_style:700%20bold%20regular%3A700%3Anormal&#8221; el_class=&#8221;bannertitle&#8221; el_id=&#8221;shopspace&#8221;]<div class=\"ult-spacer spacer-69ff2cfa27710\" data-id=\"69ff2cfa27710\" data-height=\"10\" data-height-mobile=\"10\" data-height-tab=\"10\" data-height-tab-portrait=\"\" data-height-mobile-landscape=\"\" style=\"clear:both;display:block;\"><\/div>[vc_column_text]<span style=\"font-weight: 400;\">A significant wave of investment in luxury real estate is sweeping through India, with 71% of affluent individuals expressing their desire to purchase property within the next two years. This surge is driven by several key factors, marking a shift in the market dynamics:<\/span>[\/vc_column_text]<div class=\"ult-spacer spacer-69ff2cfa27730\" data-id=\"69ff2cfa27730\" data-height=\"10\" data-height-mobile=\"10\" data-height-tab=\"10\" data-height-tab-portrait=\"\" data-height-mobile-landscape=\"\" style=\"clear:both;display:block;\"><\/div>[vc_custom_heading text=&#8221;Capital Appreciation as the Prime Motivator:&#8221; font_container=&#8221;tag:h2|font_size:25px|text_align:left|color:%230a0a0a|line_height:38px&#8221; google_fonts=&#8221;font_family:Nunito%3A300%2Cregular%2C700|font_style:700%20bold%20regular%3A700%3Anormal&#8221; el_class=&#8221;bannertitle&#8221;][vc_column_text]<\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Investors are primarily focused on capital appreciation, which signifies the increase in a property&#8217;s value over time. This prioritizes long-term wealth creation over immediate lifestyle upgrades.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">This shift highlights the return of investor confidence in the Indian real estate market, signifying their belief in its potential for growth.<\/span><\/li>\n<\/ul>\n<p>[\/vc_column_text]<div class=\"ult-spacer spacer-69ff2cfa2774f\" data-id=\"69ff2cfa2774f\" data-height=\"10\" data-height-mobile=\"10\" data-height-tab=\"10\" data-height-tab-portrait=\"\" data-height-mobile-landscape=\"\" style=\"clear:both;display:block;\"><\/div>[vc_custom_heading text=&#8221;Increased Demand for Luxury and Ultra-Luxury Homes:&#8221; font_container=&#8221;tag:h2|font_size:25px|text_align:left|color:%230a0a0a|line_height:38px&#8221; google_fonts=&#8221;font_family:Nunito%3A300%2Cregular%2C700|font_style:700%20bold%20regular%3A700%3Anormal&#8221; el_class=&#8221;bannertitle&#8221;][vc_column_text]<\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">There&#8217;s a notable rise in demand for luxury and ultra-luxury properties. This can be attributed to:<\/span>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\"><strong>Limited supply:<\/strong> The scarcity of new luxury housing projects creates exclusivity and drives up demand.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\"><strong>Fear of missing out (FOMO):<\/strong> Affluent individuals are concerned about losing out on the most desirable properties, further fueling their desire to invest.<br \/>\n<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>[\/vc_column_text][vc_custom_heading text=&#8221;Insights from Real Estate Experts:&#8221; font_container=&#8221;tag:h2|font_size:25px|text_align:left|color:%230a0a0a|line_height:38px&#8221; google_fonts=&#8221;font_family:Nunito%3A300%2Cregular%2C700|font_style:700%20bold%20regular%3A700%3Anormal&#8221; el_class=&#8221;bannertitle&#8221;][vc_column_text]<\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Real estate experts point to the limited number of new launches in the luxury segment as a key factor contributing to the surge in demand. This creates an environment where competition for desirable properties is high.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The FOMO phenomenon is also highlighted by experts as playing a crucial role in driving investment decisions. The desire to secure exclusive properties before they become unavailable is influencing purchasing behaviors.<\/span><\/li>\n<\/ul>\n<p>[\/vc_column_text][vc_custom_heading text=&#8221;\u29bf Investment focus:&#8221; font_container=&#8221;tag:h3|font_size:22px|text_align:left|color:%230a0a0a|line_height:30px&#8221; google_fonts=&#8221;font_family:Nunito%3A300%2Cregular%2C700|font_style:700%20bold%20regular%3A700%3Anormal&#8221; el_class=&#8221;bannertitle&#8221; css=&#8221;.vc_custom_1709295915606{margin-bottom: 10px !important;}&#8221;][vc_column_text]<span style=\"font-weight: 400;\">Capital appreciation is now the primary driver for 44% of wealthy individuals seeking to buy luxury properties in the next 24 months. This signifies a <\/span><b>r<\/b><span style=\"font-weight: 400;\">eturn of investors to the market, compared to the previous year, where:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">35% were motivated by lifestyle upgrades.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">20% sought income generation through property ownership.<\/span><\/li>\n<\/ul>\n<p>[\/vc_column_text][vc_custom_heading text=&#8221;\u29bf Diversified portfolio:&#8221; font_container=&#8221;tag:h3|font_size:22px|text_align:left|color:%230a0a0a|line_height:30px&#8221; google_fonts=&#8221;font_family:Nunito%3A300%2Cregular%2C700|font_style:700%20bold%20regular%3A700%3Anormal&#8221; el_class=&#8221;bannertitle&#8221; css=&#8221;.vc_custom_1709295936239{margin-bottom: 10px !important;}&#8221;][vc_column_text]<span style=\"font-weight: 400;\">The survey also highlights the diversified nature of real estate investments among wealthy Indians:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">83% own multiple luxury properties beyond their primary residence.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">34% invest in commercial real estate.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">25% own holiday homes for leisure purposes.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">21% hold agricultural land, potentially for investment or personal use.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">20% own farmhouses, suggesting an interest in rural retreats.<\/span><\/li>\n<\/ul>\n<p>[\/vc_column_text][vc_custom_heading text=&#8221;\u29bf Domestic vs. International investment:&#8221; font_container=&#8221;tag:h3|font_size:22px|text_align:left|color:%230a0a0a|line_height:30px&#8221; google_fonts=&#8221;font_family:Nunito%3A300%2Cregular%2C700|font_style:700%20bold%20regular%3A700%3Anormal&#8221; el_class=&#8221;bannertitle&#8221; css=&#8221;.vc_custom_1709295975408{margin-bottom: 10px !important;}&#8221;][vc_column_text]<\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">35% of potential buyers expressed a preference for properties in Goa, indicating a strong domestic focus.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">12% remain interested in overseas property, with Dubai, UAE and the United States retaining their top positions.<\/span><\/li>\n<\/ul>\n<p>[\/vc_column_text]<div class=\"ult-spacer spacer-69ff2cfa2776c\" data-id=\"69ff2cfa2776c\" data-height=\"20\" data-height-mobile=\"20\" data-height-tab=\"20\" data-height-tab-portrait=\"20\" data-height-mobile-landscape=\"20\" style=\"clear:both;display:block;\"><\/div>[\/vc_column_inner][\/vc_row_inner][vc_row_inner el_id=&#8221;fifth&#8221;][vc_column_inner]<div class=\"ult-spacer spacer-69ff2cfa27788\" data-id=\"69ff2cfa27788\" data-height=\"10\" data-height-mobile=\"10\" data-height-tab=\"10\" data-height-tab-portrait=\"\" data-height-mobile-landscape=\"\" style=\"clear:both;display:block;\"><\/div>[vc_column_text]<span style=\"font-weight: 400;\">As stated by Abhishek Kiran Gupta, CEO and co-founder, of CRE Matrix and IndexTap.com, &#8220;<\/span><i><span style=\"font-weight: 400;\">Indians are getting richer every year and they are not shying away from flaunting their wealth. High-end homes and high-end cars are the most sought-after assets to show off one\u2019s wealth. Also, the equities market has seen unprecedented gains in the last three years (post-COVID-19) and high-networth individuals are looking at profiting from equities and diversifying into real estate. We will see this trend continue as South Bombay (SOBO) shall be back in action for housing and retail with the completion of Atal Setu and near completion of the coastal road.<\/span><\/i><span style=\"font-weight: 400;\">&#8220;<\/span>[\/vc_column_text][vc_single_image image=&#8221;4868&#8243; img_size=&#8221;full&#8221;]<div class=\"ult-spacer spacer-69ff2cfa277ad\" data-id=\"69ff2cfa277ad\" data-height=\"20\" data-height-mobile=\"20\" data-height-tab=\"20\" data-height-tab-portrait=\"\" data-height-mobile-landscape=\"\" style=\"clear:both;display:block;\"><\/div>[\/vc_column_inner][\/vc_row_inner][vc_row_inner el_id=&#8221;conclusion&#8221; css=&#8221;.vc_custom_1706873478575{background-color: #ededed !important;}&#8221;][vc_column_inner][vc_custom_heading text=&#8221;The Bottom Line&#8221; font_container=&#8221;tag:h2|font_size:35px|text_align:left|color:%230a0a0a|line_height:48px&#8221; google_fonts=&#8221;font_family:Nunito%3A300%2Cregular%2C700|font_style:700%20bold%20regular%3A700%3Anormal&#8221; el_class=&#8221;bannertitle&#8221; el_id=&#8221;Conclusion&#8221;][vc_column_text]<span style=\"font-weight: 400;\">The examples provided highlight the scale and diversity of luxury property investments by HNIs in India. From oceanfront apartments in Mumbai to spacious penthouses in Gurugram, these investments showcase the growing appeal of luxury living and the potential for substantial capital appreciation in this market segment.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The pre-financial year surge in luxury property purchases by wealthy individuals in India is a combination of various factors. While tax optimization strategies play a role, a broader shift towards economic optimism, investment diversification, and evolving preferences for spacious living and secure communities also contribute to this trend. Data suggests that the demand for luxury real estate in India is likely to remain strong, making it a valuable asset class for strategic investors seeking a combination of lifestyle amenities and potential for long-term capital appreciation.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In conclusion, the pre-year-end surge in luxury property purchases in India represents a confluence of economic, strategic, and lifestyle factors. Understanding these drivers and staying informed about future trends will be crucial for investors seeking to capitalize on the opportunities presented by this dynamic market.<\/span>[\/vc_column_text]<div class=\"ult-spacer spacer-69ff2cfa277bf\" data-id=\"69ff2cfa277bf\" data-height=\"10\" data-height-mobile=\"10\" data-height-tab=\"10\" data-height-tab-portrait=\"\" data-height-mobile-landscape=\"\" style=\"clear:both;display:block;\"><\/div>[\/vc_column_inner][\/vc_row_inner]<div class=\"ult-spacer spacer-69ff2cfa277d7\" data-id=\"69ff2cfa277d7\" data-height=\"50\" data-height-mobile=\"30\" data-height-tab=\"50\" data-height-tab-portrait=\"50\" data-height-mobile-landscape=\"30\" style=\"clear:both;display:block;\"><\/div>[\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>[vc_row dt_row_type=&#8221;in_container&#8221; bg_type=&#8221;image&#8221; parallax_style=&#8221;vcpb-default&#8221; bg_image_new=&#8221;id^4870|url^https:\/\/www.saa.one\/wp-content\/uploads\/2024\/03\/EOI-Expression-of-Interest-in-Real-Estate-min.png|caption^null|alt^null|title^EOI-Expression-of-Interest-in-Real-Estate-min|description^null&#8221; bg_image_repeat=&#8221;no-repeat&#8221; bg_override=&#8221;full&#8221; dt_padding_top=&#8221;150&#8243; dt_padding_bottom=&#8221;150&#8243; dt_class=&#8221;headerbanner&#8221;][vc_column][vc_row_inner][vc_column_inner][vc_custom_heading text=&#8221;Why are rich Indians buying luxury properties before the close of the financial year?&#8221; font_container=&#8221;tag:h1|font_size:60px|text_align:left|color:%23ffffff|line_height:78px&#8221;&#8230;<\/p>\n<p class=\"readmore\"><a class=\"more-btn\" href=\"https:\/\/www.saa.one\/about\/why-are-rich-indians-buying-luxury-properties-before-the-close-of-the-financial-year\/\">Read More<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"template-homepage.php","meta":{"content-type":"","footnotes":""},"page_type":[],"class_list":["post-4859","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Why are rich Indians buying luxury properties before the close of the financial year? 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