Foreign developers are trying to attract Indian HNI (High Net Worth Individual). HNIs are people with net financial assets (liquid assets) of at least $1 million, excluding primary residence and consumables. India is projected to be the world’s third largest economy by 2050. A subsequent increase in the number of wealthy individuals, real estate consultants from across the world are trying and also getting the HNI segment interested enough to buy.
Strong GDP growth, robust figures in industrial and service sectors, high market capitalization and steady FII inflows are some factors contributing to the rise in HNI wealth. In 2006, India’s HNI population crossed the one lakh figure, which made it the second-fastest growing HNI segment in the world.
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