Summary:

Anarock predicts that India's high-net-worth individuals (HNIs) will double to 1.65 million by 2027, up from 850,000. This increase in HNIs and ultra-high-net-worth individuals (UHNIs) heralds a new era of wealth accumulation. By 2024, 15% of HNIs will be under 30, fueled by digital start-ups, and 20% will be under 40. The UHNI population is predicted to grow by 50% by 2028, outpacing the global growth rate of 30%.

The rise in wealth is also reflected in premium real estate, with luxury properties accounting for 28% of total sales in 2024, up from 16% before the pandemic. While Mumbai, Delhi, and Bengaluru remain popular destinations, Goa, Alibaug, and Jaipur are becoming increasingly popular. Approximately 14% of UHNIs own properties abroad, with Dubai, London, and Singapore being key hotspots. The IT and start-up sectors account for 30% of the new HNIs' wealth.

Source: IBEF

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