NIFTY has outperformed real estate for 20 years, yet 71% of India’s ultra-rich want to buy real estate.

NIFTY Outpaces Real Estate for 20 Years, Yet 71% of India's Ultra-Rich Prefer Real Estate—Why?

For decades, stocks have been hailed as the smarter investment—offering liquidity and lower transaction costs. Yet, the ultra-wealthy in India see real estate differently.

Consider the Numbers:

13 billionaires have emerged from real estate, including industry leaders like Rajiv Singh (DLF Limited) and Mangal Prabhat Lodha (Lodha Group).

Luxury property prices have jumped 40% in just two years.

India’s REIT market skyrocketed from ₹4.5L crore to ₹13L crore in just four years, becoming the fastest-growing REIT market in Asia Pacific.

The ultra-rich aren’t merely buying properties—they’re investing in the institutionalization of Indian real estate.

So, the debate isn’t whether real estate outperforms stocks but why it remains a cornerstone of wealth creation in India.

Are we missing a real estate goldmine?
Or is this simply another case of “the rich get richer”?

What’s your take?