Nearly 30% of high net worth (HNW) individuals in India are expected to invest in real estate in the next three years, according to a new report released by the financial news site LearnBonds.

India’s GDP is also expected to double in the next four years, which would undoubtedly influence how HNW individuals spend their money, stated the report.

Moreover, it is expected for HNW individuals to continue growing as well. Currently, India has a population of 1.36 billion individuals.

As per a survey conducted by the Hurun Research Institute, 28.6% of HNW individuals are currently investing in real estate. However, this is expected to grow to 30% in the coming years.

The survey gathered information from 831 rich Indians with an average of 35 years per respondent. 58% of them claim to be men and 42% women, stated the report.

The main goal of the report is providing more information about changing lifestyle patterns and preferences related to consumption habits among HNW individuals in India, one of the fastest-growing countries in the world.

LearnBonds explained that the number of HNW individuals in India continues to grow, and their influence in the market can be reflected in the way they manage their funds.

On the matter, LearnBonds mentioned: "High-net-worth individuals in India continue to grow, and their influence in the market is reflected in the investment assets they invest in."

Besides real estate investing, 19.1% of the respondents said that gold is their most preferred investment asset class, followed by stocks with 17.1% of the respondents claiming it to be their favorite investment.

Users could also choose among fixed-income assets, deposits, insurance, art, commodities and currencies, and many others.

As per LearnBonds, investors are going to increase their investments in stocks, fixed income, and cryptocurrencies. Around 26% of the investors claimed they would invest more in fixed income and stocks, and 9.6% in cryptocurrencies, it added.-TradeArabia News Service