ROSEAU, Feb. 02, 2023 (GLOBE NEWSWIRE) — India has seen an exponential increase in wealthy individuals over the past decade. As the economy continues to grow and more investment opportunities become available, India is witnessing a rapid increase in its affluent population. With this growth come new challenges, such as B. the optimal management of wealth and the exploitation of new business opportunities, but also great potential for those who want to be successful as citizens of the world.
The rise of wealth and wealth management can also be seen in India’s younger generations. According to a report highlighting some of the Millennial Mood Index findings, more than 84% of millennials across India have strengthened their wealth management strategies to prepare for future eventualities. Of those surveyed, 13% have committed to larger investment programs, while 52% and 35% have chosen to focus on expanding their savings and acquiring comprehensive health and life insurance plans, respectively.
Knight Frank’s research suggests that Indians own an average of 5.1 residential properties, while the global average is 4.2 units – a clear difference that should be considered when evaluating real estate investments in India and abroad. According to the study, Indian UHNWIs allocate a large portion of their wealth to primary and secondary residences – approximately 37%. The rest (15%) is invested in residential real estate abroad.
Buying real estate abroad
Investments in foreign real estate can often achieve higher returns than domestic investments due to attractive exchange rates. With the increase in disposable income, Indians are showing an increased willingness to invest in real estate abroad. This can be an attractive option as it offers risk diversification. There are many factors that can affect the attractiveness of a return including local market conditions, exchange rates and tax laws.
The potential gains from foreign real estate over the life of the investment are threefold: the core asset value, rental returns, and global access and mobility – the ultimate hedge against market, regional and political volatility.
Many wealthy Indians are also looking for luxury properties abroad. Often seen as a symbol of success, luxury real estate is growing in popularity, especially among millennials. People buy luxury real estate for a variety of reasons, including the need for more space, security, prestige and a desire for a home with modern conveniences. While luxury real estate is reasonably priced, many investors find that the benefits outweigh the costs.
Real Estate in Dominica
Investing in real estate associated with investment migration programs gives families the opportunity to explore different options for where to live, work, learn and eventually retire.
Since the establishment of its Citizenship-by-Investment program in 1993, the Commonwealth of Dominica has been internationally recognized for its outstanding program and many wealthy Indian families have sought real estate investment opportunities on this island.
It has been ranked the best program of its kind for six consecutive years in the CBI Index, a ranking system published by the Financial Times’ Professional Wealth Management (PWM) magazine. Successful applicants are granted lifelong citizenship with the right to live and work in the country.
Dominica also offers increased global mobility and access to many countries worldwide, with physical proximity to the North American markets for those with business interests. Successful applicants retain the right to hold dual citizenship, and citizenship can be passed on to future generations.
Government-backed real estate developments offer unique opportunities such as investments in hotels and luxury resorts. As part of the citizenship-by-investment program, select properties must be held for a minimum of three years and purchased for a minimum of $200,000.
Cabrits Resort & Spa Kempinski Dominica is a five-star resort in one of Dominica’s pristine national parks, just 21 miles from the airport, with a secluded spa, four restaurants and bars, an arts center, two tennis courts, four swimming pools, a gym, a high-tech conference center and a wedding hall.
Named the #1 Resort in the Caribbean, Bermuda and the Bahamas by Travel and Leisure for 2022, The Residences at Secret Bay is one of the most luxurious offerings in Dominica.
Jungle Bay is a nature-inspired luxury vacation. When purchasing a Jungle Bay villa, investors can choose to have the villa managed and marketed by the hotel. This offers investors hassle-free maintenance with no out-of-pocket expenses for the owners. Jungle Bay was also ranked by TripAdvisor as the top hotel in Dominica and the third best hotel in the Caribbean.
Tranquility Beach Resort – Curio – A Collection by Hilton is an authorized citizenship-by-investment project that celebrates privacy and individuality as hallmarks of these near-complete, premium, serviced vacation villas and residences.
Cabrits Resort & Spa Kempinski Dominica is a five-star resort in one of Dominica’s pristine national parks, just 21 miles from the airport, with a secluded spa, four restaurants and bars, an arts center, two tennis courts, four swimming pools, a gym, a high-tech conference center and a wedding hall.
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