Why super rich people of India are buying second homes abroad? Real reason will surprise you

1 / 6

The deteriorating geopolitical conditions have impacted India’s domestic market significantly. Previously, India’s wealthy focused mainly on domestic businesses, real estate, and equity markets. But now they are increasingly shifting toward global opportunities. In recent years, a noticeable change has been seen among India’s high-net-worth individuals. Many are quietly exploring second residency options abroad as a long-term strategy. According to industry experts, including Andrey Boiko, this shift has been accelerating over the past few years.

Why are India’s rich turning towards second residency?

For India’s super rich, second residency is no longer seen as a luxury. It has become a practical decision. Wealthy families are using it as a safety measure. Rising geopolitical tensions, policy changes, and global uncertainty are driving this shift.

Is this related to leaving India or just a backup plan?

Most wealthy Indians are not planning to move permanently. They are simply keeping options open. A second residency helps them live, study, or do business abroad if needed. At the same time, they continue to hold their Indian passport and base.

Which countries are attracting Indian wealthy families?

For second-home options, the list of destinations is expanding rapidly. Along with the US, Indian investors are now exploring countries like the UAE, Portugal, Greece, Italy, Malta, and several Caribbean nations. The UAE stands out for its strong business-friendly environment. Meanwhile, Europe is attracting investors who are looking for global access along with better lifestyle and travel benefits.

How much are they investing?

Investment amounts vary by country. In Portugal, it is usually between Rs 25 million and Rs 50 million through regulated funds. In Greece, it ranges from Rs 25 million to Rs 80 million. Italy also offers lower-cost startup-based routes.

How is it going to impact India?

According to Andrey Boiko, founder and global CEO of Garant In, this is not just property buying. It is a shift toward “options.” These residency programs act as a backup plan. They offer safety, mobility, and access to global opportunities. This shows a clear move toward long-term and diversified planning among India’s wealthy families.