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Over 15 Per Cent Of Super Rich In India Are Aged Under 30, Says Report
3 weeks, 3 days ago

Over 15 Per Cent Of Super Rich In India Are Aged Under 30, Says Report

ABP News  

More than 15 per cent of the high networth individuals in the country are aged under 30, a recent report said. Prashant Thakur, Regional Director and Head of Research, Anarock Property Consultants, noted, “A dynamic mix of young entrepreneurs, tech pioneers, and seasoned industrialists driving the expansion in affluent population.” The study found that 20 per cent of the Indian …

India Indian Report Cent 15 Per Cent Uhni Hnis
Explained: Why are 6,500 super-rich expected to leave India in 2023?
1 year, 7 months ago

Explained: Why are 6,500 super-rich expected to leave India in 2023?

Firstpost  

The estimate comes courtesy of the Henley Private Wealth Migration Report 2023. Indian Express quoted Sunita Singh-Dalal, Partner, Private Wealth & Family Offices at Hourani, as saying that “prohibitive tax legislation coupled with convoluted, complex rules relating to outbound remittances that are open to misinterpretation and abuse, are but a few issues that have triggered the trend of investment migration …

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India to have 16 lakh HNIs by 2027: Knight Frank report
1 year, 7 months ago

India to have 16 lakh HNIs by 2027: Knight Frank report

Live Mint  

India’s ultra-high-net-worth individuals with net worth over $30 million will rise by over half in the next five years. From the last count in 2022, the number is likely to grow to 19,119 individuals in the next five years in 2027, found a new report by real estate agency Knight Frank’s ‘The Wealth Report 2023’. However, the HNI population remained …

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Luxury property prices up 8-10%, Delhi NCR, Mumbai top list: Report
1 year, 11 months ago

Luxury property prices up 8-10%, Delhi NCR, Mumbai top list: Report

Hindustan Times  

Prices of luxury properties appreciated by 8-12 per cent during the last year across major cities and has breached the 2015 peak level, according to India Sotheby's International Realty. Delhi's India Gate and Mumbai's Marine Drive In its annual 'Luxury Outlook Survey 2023', India Sotheby's International Realty revealed that 61 per cent of High-Net-worth Individuals and Ultra High-Net-worth Individuals are …

India Real Estate Luxury Delhi Mumbai Property Prices
Tax implication on migration of high net-worth individuals
6 years, 6 months ago

Tax implication on migration of high net-worth individuals

Live Mint  

Historically, individuals have migrated from one country to another for various social and economic reasons like better quality of living, education, employment and business opportunities, law and order conditions. Under Indian tax laws, tax residential status depends on a combination of stay days in India during the current fiscal year and previous fiscal years. In that case, foreign assets acquired …

India Tax Migration Indian Assets Income Interest