The Wealth Report 2022 by Knight Frank has revealed that Indian ultra high networth individuals (UHNWIs; net worth of US$30 million and above) allocated 29 per cent towards buying residential property in 2021. In addition to that, 10 per cent of India’s UHNWIs plan to buy a new home in 2022. Globally, 21 per cent of the ultra-wealthy are expected to purchase a home in 2022.