Luxury
53% Indians likely to buy art, watches, luxury handbags in 2023: Report
More than half of ultra-high net worth individuals (UHNWIs) in India are likely to purchase art along with watches and luxury handbags during this year for passion-led investment, according to Knight Frank India. Real estate consultant Knight Frank has released its 'The Wealth Report 2023' on wednesday through virtual conference. According to Knight Frank Luxury Investment Index (KFLII), which tracks the value of ten investments of passion, has increased by a healthy 16 per cent during 2022, comfortably outpacing global inflation rate whilst outperforming majority of mainstream investment classes, including equities and gold. Among the ten passion investments, Knight Frank said art was the top performer with a return of 29 per cent in a 12-month period ending December 2022. This was followed by classic cars whose price index has appreciated by 25 per cent YoY (year-on-year) in 2022, highest in last 9 years. As an example, a Mercedes-Benz Uhlenhaut Coup sold in 2022 for USD 143 ...
 "53% Indians likely to buy art, watches, luxury handbags in 2023: Report")
Drivers of change: More women buy luxury cars in post-pandemic shift
Audi India has registered a 27 percent growth compared to the last year selling 4187 retail units in 2022
 "Drivers of change: More women buy luxury cars in post-pandemic shift")
Year-end indulgence: how to pick the best cakes for gifting
Bakers' shelves have a variety of choices: pick what matches the mood of your celebrations
 "Year-end indulgence: how to pick the best cakes for gifting")
TARC Ltd to invest Rs 500 cr to develop its luxury hsg project by 2025 end
The new three-acre project, TARC Tripundra, will have 190 apartments. It is the first under the TARC brand name, although the Anant Raj Group has been into real estate the past four decades
 "TARC Ltd to invest Rs 500 cr to develop its luxury hsg project by 2025 end")
 "Market Square Tower Elevates Resident Experience and Satisfaction By Opening A Luxury Day Spa")
Five Indian brands in top 100 global powers of luxury goods list
The top 10 luxury brands list mainly featured leading players from the EMEA (Europe, the Middle East, and Africa) region
 "Five Indian brands in top 100 global powers of luxury goods list")
Myntra forays into luxury segment, unveils Myntra Luxe on its app
This is another step for the firm towards strengthening its position as one of the leading fashion, beauty, and lifestyle brands in the country
 "Myntra forays into luxury segment, unveils Myntra Luxe on its app")
Private members-only business clubs come back to life across the country
New menus, hi-tech air filter systems, Zoom rooms to woo patrons
 "Private members-only business clubs come back to life across the country")
From Dia Mirza to Jasprit Bumrah, celebrity weddings in the time of Covid
The rich are following a template for their special day - an intimate ceremony, with fewer people and a keen eye for a touch of luxury in every aspect
 "From Dia Mirza to Jasprit Bumrah, celebrity weddings in the time of Covid")
Covid-19 second wave: Hotels in exotic locations dodge pandemic blow
Leisure destination travel is likely to be the future as large chains bear brunt of restrictions
 "Covid-19 second wave: Hotels in exotic locations dodge pandemic blow")
Super-rich are buying luxury products online like never before
It's not just the number of online auctions that have risen. Buyers' price threshold has shot far beyond anyone's expectations
 "Super-rich are buying luxury products online like never before")
Yachts, Audis and other luxuries on rent for social media-crazy millennials
Hype, a Bengaluru-based start-up offers anything from designer bags to chartered planes on lease to niche, wealthy customers whose lifestyles don't follow the larger economy curve
 "Yachts, Audis and other luxuries on rent for social media-crazy millennials")
Owning nothing is now a luxury
Homeownership remains around a three-decade low for Americans in their 20s and 30s
 "Owning nothing is now a luxury")
