Below are Perspective on Knight Frank's Wealth Report 2021 By Mr. Nish Bhatt, Founder & CEO, Millwood Kane International
Ultra-High Net Worth Individuals based out of India and Non-Residents of India have traditionally shown huge interest in real estate either to set up a business or a second home. The pandemic has acted as a catalyst for the real estate sector across the globe with people preferring a spacious home for reasons of safety and security.
A huge demand is witnessed for private islands along with residential properties in resorts/coastal areas. The estimated demand rises in the year 2021 is likely to bring back pricing power for the real estate developers.
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