India, Nov. 15 -- The ultra-luxury real estate market was once mainly about lifestyle. Today, it is emerging as a critical wealth-preservation tool for the country's richest buyers. These properties, ranging from over Rs.50 crore residences to Rs.200 crore marquee apartments, are increasingly viewed as long-duration financial assets. They are akin to blue-chip equity: they are scarce, stable, and remarkably resilient during market turbulence.

Experts say capital appreciation is not the main reason Ultra-High Net Worth Individuals (UHNIs) make these high-end property purchases. They seek strategic portfolio diversification, a prestigious address, intergenerational wealth creation (for the next generation), lifestyle elevation, and the sec...