India has become one of the quickest-growing markets for branded residences worldwide, placing sixth in active projects and accounting for 4% of the global total supply, as stated in Knight Frank’s ‘The Residence Report’. The nation is ranked 10th in the pipeline of forthcoming branded residential projects, representing 2% of the future supply among 83 countries surveyed. The report emphasizes that India's increasing wealth is likely to boost demand, while the sector is still in its early stages relative to global leaders like the United States (US), United Arab Emirates (UAE), and the United Kingdom (UK). Key cities such as Mumbai, Delhi-National Capital Region (NCR), Bengaluru, and Pune dominate the branded residence sector, while places like Goa and Uttarakhand are increasing in popularity as lifestyle and vacation home spots.
India has approximately 85,698 people whose net worth exceeds Rs. 89 crore (US$ 10 million) in 2024, accounting for 3.7% of the worldwide population within this wealth category. Worldwide, the US has 9,05,413 high-net-worth individuals, while China has 4,71,634 and Japan has 1,22,119. The nation's standing in the branded residences sector highlights its growing wealthy population and heightened interest in luxury properties, indicating considerable growth opportunities in existing and future developments.
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