Kotak Wealth Management and CRISIL Research
Ultra HNIs Cautious With Prolonged Economic Slowdown, But Maintain Their Lifestyle Key Findings: Number of Ultra High Net Worth Households(ultra HNHs) rises to 100,900 in 2012-13;to more than triple in the next 5 years to 329,000 Total net worth of Indian ultra HNHs to grow 4.5 times to Rs.380 trillion by 2017-18 In 2012-13, non-metros accounted for 46 per cent of ultra HNHs in India Ultra high net worth individuals (Ultra HNIs) have got cautious in spending on discretionary items in the current economic slowdown. They continue to spend on non-discretionary items to maintain lifestyle; caution continues in investments Location of residences a key factor in purchase of a luxury home Ultra HNIs prefer renowned architect / developer while buying a home Personal pool and mini theatre are the most preferred amenities in a luxury home Kotak Wealth Management and CRISIL Research launched the third edition of the „Top of the Pyramid‟ r...