Hyderabad second highest in India’s ultra-wealthy population: Knight Frank

[hyperbole]

Hyderabad: Hyderabad is home to 467 ultra-high net worth individuals (UHNWIs, with net worth of $30 million (over Rs 225 crore) and above) in 2021, the second highest in India following Mumbai (1,596 UHNWIs), and much ahead of Bengaluru and Pune.

According to Knight Frank’s Wealth Report 2022, the ultra-wealthy population in Hyderabad is expected to increase by 56 per cent to 728 by 2026. The city’s increase is going to be much above the national and global growth rates of 39 per cent and 28.4 per cent by 2016, respectively.

 

Rajani Sinha, chief economist & national director– Research, Knight Frank India, told Telangana Today, “While technology and digital economy contributed to a surge in the ultra-wealthy population nationally, Hyderabad saw information technology, pharmaceuticals and biotechnology playing a key role in boosting wealth in 2021.”

In the last 5 years, Hyderabad’s ultra-rich population grew by 48.7 per cent from 314 in 2016 to 467 in 2021. In 2020, there were 416 individuals in the city, which shows that the city added 51 individuals in just one year, taking the total to 467 in 2021.

Pune occupies third position with 360 individuals in 2021 while Bengaluru has 352 individuals holding fourth position, followed by Kolkata with 257 individuals, Delhi with 210 individuals, Chennai with 160 individuals and Ahmedabad with 121 individuals.

Growth in India
In India, the number of UHNWIs grew by 11 per cent YoY in 2021 to 13,637 individuals, the highest percentage growth in APAC. The country is expected to see 39 per cent growth by 2026.

India also ranked sixth in percentage growth of the UHNWI population that is self-made and under the age of 40 years. Globally, the number of ultra-wealthy population saw an annual increase of 9.3 per cent to 6,10,569 in 2021.

Shishir Baijal, CMD, Knight Frank India said “Equity markets and digital adoption have been key factors driving the growth of UHNWIs in India. The growth in younger, self-made UHNWIs has been incredible in India and we foresee them to drive new investment themes and innovation.”

With a healthy growth in the UHNWI and billionaire population, India is expected to be one of the fastest growing countries amongst its global peers, further strengthening itself economically and emerging as a superpower in different sectors, Baijal noted.

Wealth allocation
According to the Attitude Survey of The Wealth Report, 29 per cent of the overall wealth of Indian UHNWI is allocated to purchase of principal and second homes followed by 22 per cent towards commercial property (including rental property, offices etc).

The survey further showed that eight per cent of the proportion of investable wealth was allocated towards indirect properties (includes REITs, funds, etc.) in 2021. Nearly 60 per cent of the overall wealth of UHNWIs in India was allocated towards real estate investments in 2021.

Passion-led investments
The survey shows that 11 per cent of the investable wealth of Indian ultra-high net worth individuals is allocated towards passion led investments against the global average of 16 per cent. About 29 per cent of Indian UHNWIs spent more on passion investments during the year 2021.

Art was the most preferred investment by Indian UHNWIs, followed by Jewellery and Classic Cars. Luxury Handbags and Wines, slipped from their earlier first position to fifth and seventh respectively in 2021. According to Knight Frank’s luxury investment index (global), Art provided a return of 13 per cent in a 12-month period and 75 per cent over 10 years.

[Telugodura456]

Telangana objective achieved. Doras  become utlra wealthy.

[ismartganesh]

enni paisal unna quality of life sucks

[DesiPokiri]

200 crs above 467 ppl e na em matladunnav va , that’s very less figure, bocchedu mandhi untaru 

[Midnightsun]

Andulo 80% real estate dwarane. it ledu pharmacy ledu biotech ledu just lands ammukuni konukoi chillar business chese eprasi nayallu

lafoot nayala gallu..

[kittaya]

7 minutes ago, Midnightsun said:

Andulo 80% real estate dwarane. it ledu pharmacy ledu biotech ledu just lands ammukuni konukoi chillar business chese eprasi nayallu

lafoot nayala gallu..

sontha illu undhaa manakiii ???

[Midnightsun]

10 minutes ago, kittaya said:

sontha illu undhaa manakiii ???

Undhi

ne illu kante peddaga brahmandanga undhi ra

[hyperbole]

33 minutes ago, DesiPokiri said:

200 crs above 467 ppl e na em matladunnav va , that’s very less figure, bocchedu mandhi untaru 

This legal bank or stock money unnolla list, atla benami galla list teeste lakhs lo untaru India mothamla

 

[hyperbole]

32 minutes ago, Midnightsun said:

Andulo 80% real estate dwarane. it ledu pharmacy ledu biotech ledu just lands ammukuni konukoi chillar business chese eprasi nayallu

lafoot nayala gallu..

We have some self made billionaires from Hyderabad albiet not popular like Adani and Ambani but they are in their league like pharam company heads, this list is not chillar batch but self worth stocks and bank holdings

https://www.indiatvnews.com/business/news-hurun-india-rich-list-2021-top-100-richest-indians-murali-divi-b-parthasaradhi-reddy-pv-ramprasad-reddy-737792

 

[jiggubhai]

48 minutes ago, DesiPokiri said:

200 crs above 467 ppl e na em matladunnav va , that’s very less figure, bocchedu mandhi untaru 

langa party lo ne easy ga +500 untaru.. and then add celebrities, other political parties, business men etc... way too many to count

[kittaya]

1 hour ago, Midnightsun said:

Undhi

ne illu kante peddaga brahmandanga undhi ra

Ok cool ayithe... 

[kevinUsa]

1 hour ago, DesiPokiri said:

200 crs above 467 ppl e na em matladunnav va , that’s very less figure, bocchedu mandhi untaru 

200 Cr in cash property how ??

[SilentStriker]

35 minutes ago, kevinUsa said:

200 Cr in cash property how ??

Pelli davath iyyamante I am broke annav cores gurinchi matladutunnav

[Swatkat]

Okodike untaye 200 plus crores 225 antey jujubi

[bhaigan]

20 minutes ago, SilentStriker said:

Pelli davath iyyamante I am broke annav cores gurinchi matladutunnav

Bro nee previous ID enti