Millionaires in the country rising
The number of millionaires in the country is comparatively rising up. The Kotak Wealth report released in July 2014 shows that the number of ultra high networth individuals (UNHIs) rose by 16 percent from 1,00,900 in 2012-13 to 1,17,000 in 2013-14, while their net worth rose by 21 percent from Rs 86 trillion to Rs 104 trillion in the same period.
While the housing needs of such individuals will have to be catered to, a share of that seems to be coming to Noida even though it has been known more for its residential offerings to the middle class. Noida is slowly but surely rising in stature and developers are beginning to raise their stakes and building residential properties in the super luxury segment priced at over Rs 10 crore.
Over the last few months, developers in Noida have launched at least three such projects, the latest offering being the Belleville Park in Sector 25 where home buyers will have to shell out a minimum of Rs 10 crore to own a house out of the 100 odd villas that Wave Infratech plans to build on the 52-acre land.
Source: The Indian Express
