By Admin 
Super rich indians: Every fifth rich of India want to settle abroad. For this, Indian rich are buying houses abroad and also investing. Good investment
Inspired by opportunities, tax exemption and better global connectivity, the rich of India consider permanent residence abroad as a good option. This has been revealed in a survey.
The private banking division of Kotak Mahindra Bank interviewed 150 rich in 12 cities of India. This interview was taken during the first two quarters of 2024-25. That is 1
The survey was conducted between April 2024 to 30 September 2024. Although people with more than 25 crore net worth were included in this survey, but desire to settle abroad
The interview of the rich with more than 300 crore net worth was analyzed for the survey of people keeping.
It was revealed in the survey that these rich Indians are also buying residency properties there under the plans of permanently settling or their stay. Survey included
One third of the rich has purchased property abroad for residence and business objectives.
Indian rich want to keep property in both the country and abroad
Oishya Das, CEO of Kotak Private Banking of Kotak Mahindra Bank, said, ‘The billionaires of India are diversification in their portfolio and both domestic and global
Adopting properties. This trend is showing the inclination of people towards alternative properties in both domestic and international markets.
Why is this trend growing?
Korana epidemic promoted this trend. Apart from this, the expenditure in the health sector for rich Indians has increased continuously. Education is also one of the most prominent priority of these people.
Indian students still see options abroad for higher education, in such a situation, rich people also think it better to stay out for their children’s study. For changing global environment and good exposure, it is better to move to rich Indian withdrawals.