New crorepatis to double in India to 1.65 million by 2027. Here is how they earn, invest

By
Ziraat Times
-

Mumbai: The number of high net worth individuals (HNIs) in the country is likely to double to 1.65 million by 2027 from the current 850,000, according to a study by real estate consultancy firm Anarock.  The rise of HNIs or people with investable assets of at least $1 million) and ultra-high-net-worth individuals (UHNIs, or those with assets worth above $30 million) in 2024 is seen as a mark of India’s growing wealth creation.

Over 15 per cent of India’s HNIs are under 30, driven by start-up unicorns, IPOs, and tech-driven ventures, while 20 per cent of these millionaires are under 40. This number is expected to rise to 25 per cent by 2030, as younger entrepreneurs redefine wealth creation, said Anarock.

India ranks 6th globally in UHNI population and 3rd in Asia, trailing only China and Japan.

The country’s UHNI count reached 13,600 in 2024, marking a 6% annual growth. This population is projected to soar by 50% by 2028, far outpacing the global growth average of 30%.
HNIs on the rise: India is home to over 850,000 HNIs, and this is projected to double to 1.65 million by 2027. Interestingly, 20% of these millionaires are under 40.
The share of luxury homes in total sales surged to 28% in 2024, up from 16% pre-pandemic. High-end properties in Mumbai, Delhi, and Bengaluru are top picks, with Goa, Alibaug, and Jaipur emerging as favoured second-home destinations.
Approximately 14% of UHNIs own properties abroad, with Dubai, London, and Singapore as the primary hotspots. The average international property investment exceeded Rs 12 crore ($1.44 million) in 2024.
Manufacturing: The ‘Make-in-India’ push has fuelled industrial wealth, contributing 21% to the UHNI economy.
Real estate: Contributing 15%, luxury and commercial real estate have been key drivers, with urbanization and premium developments leading the charge.

Equity: The Indian stock markets caused wealth from equities to grow by 18% year-on-year, further enriching India’s affluent.

“India’s high-net-worth and ultra-high-net-worth individuals are not just symbols of wealth but also catalysts for economic transformation. From driving the luxury market to fuelling philanthropic ventures and innovative investments, they embody the aspirations of a nation on the rise. With younger wealth creators, a booming tech sector, and increasing global influence, India’s journey toward wealth dominance is just beginning,” said Dr. Prashant Thakur, Regional Director & Head – Research, ANAROCK Group.

About 10% of UHNIs secured alternate citizenships in 2024, favouring Portugal, Malta, and the UAE for their global mobility and tax benefits.

RELATED ARTICLESMORE FROM AUTHOR

1124 COMMENTS

  1. Goood day! Thiss iis my 1st comment here soo I jst wanfed too gjve a quick suout out and terll you
    I truly enjky eading ylur posts. Cann yyou rescommend anny oother blogs/websites/forums thst eal with the same subjects?Appreciate it!

  2. CBD gummies or cbda oil are a handy and tasty way to get a kick the potential benefits of cannabidiol (CBD). Made from hemp extracts, they put on the market a considerate and pre-measured portion of CBD to forward relief, reduce stress, and control anguish or inflammation. These gummies are non-psychoactive, containing teeny to no THC, and happen in several flavors and strengths to suitable different needs. They’re example for beginners and experienced users similarly, providing an serene, enjoyable wellness boost.

  325. pharmacie en ligne france fiable Pharmacie Internationale en ligne or п»їpharmacie en ligne france
    https://date.gov.md/ckan/ru/api/1/util/snippet/api_info.html?resource_id=a0321cc2-badb-4502-9c51-d8bb8d029c54&datastore_root_url=http://tadalafilmeilleurprix.com pharmacie en ligne france livraison internationale
    acheter mГ©dicament en ligne sans ordonnance pharmacie en ligne france fiable and pharmacie en ligne pharmacie en ligne france livraison belgique

  642. Vexing [url=https://www.nothingbuthemp.net/collections/thc-edibles ]delta 9 online edibles[/url] has been quite the journey. As someone keen on habitual remedies, delving into the world of hemp has been eye-opening. From CBD lubricant to hemp seeds and protein potential, I’ve explored a disparity of goods. Despite the disarray surrounding hemp, researching and consulting experts have helped nautical con this burgeoning field. Overall, my knowledge with hemp has been decided, gift holistic well-being solutions and sustainable choices.

  652. Worrying [url=https://www.nothingbuthemp.net/collections/thc-beverages ]10 mg thc drinks[/url] has been quite the journey. As someone itching on habitual remedies, delving into the epoch of hemp has been eye-opening. From CBD grease to hemp seeds and protein powder, I’ve explored a disparity of goods. Undeterred by the disarray surrounding hemp, researching and consulting experts have helped nautical con this burgeoning field. Entire, my knowledge with hemp has been positive, present holistic well-being solutions and sustainable choices.

  690. Играйте РІ Ballon Рё наслаждайтесь процессом.: balloon game – balloon казино

  695. Казино — это шанс РЅР° финансовую СЃРІРѕР±РѕРґСѓ.: balloon game – balloon игра

  906. Добро пожаловать на наш сайт!
    Здесь вы найдете все, что нужно для успешного управления вашими финансами.
    Мы предлагаем широкий спектр финансовых продуктов,
    которые помогут вам достичь ваших целей и обеспечить стабильность в
    будущем. В нашем ассортименте есть разнообразные банковские продукты, инвестиции, страхование,
    кредиты и многое другое. Мы
    постоянно обновляем нашу базу данных, чтобы вы всегда были
    в курсе последних тенденций и инноваций
    на финансовом рынке. Наши специалисты помогут вам выбрать наиболее подходящий продукт, учитывая ваши индивидуальные
    потребности и предпочтения.
    Мы предоставляем консультации
    и рекомендации, чтобы вы могли принять обоснованное решение и избежать возможных рисков.
    Не упустите возможность воспользоваться нашими услугами и откройте для себя мир финансовых
    возможностей! Посетите наш сайт, ознакомьтесь с каталогом продуктов и начните свой путь к финансовой стабильности прямо сейчас!

    Альфа-Банк-Кредит под залог недвижимости

  1011. buy cialis canadian cialis 5mg price cvs or <a href=" http://site.cascadelaser.com/phpinfo.php?a%5B%5D=write “>cialis and cocaine
    http://cse.google.ba/url?q=https://tadalaccess.com cialis para que sirve
    [url=https://walkinourshoes.org/?URL=http://tadalaccess.com]paypal cialis no prescription[/url] cialis patent expiration and [url=http://www.9kuan9.com/home.php?mod=space&uid=3266189]is generic cialis available in canada[/url] tadalafil tamsulosin combination

  1046. Предлагаем услуги профессиональных инженеров офицальной мастерской.
    Еслли вы искали срочный ремонт кофемашин philips, можете посмотреть на сайте: ремонт кофемашин philips
    Наши мастера оперативно устранят неисправности вашего устройства в сервисе или с выездом на дом!

  1062. pharmacie en ligne pas cher [url=http://pharmsansordonnance.com/#]commander sans consultation medicale[/url] pharmacie en ligne france pas cher

  1065. pharmacie en ligne fiable [url=https://pharmsansordonnance.shop/#]pharmacie en ligne[/url] pharmacie en ligne france pas cher

LEAVE A REPLY

Please enter your comment!
Please enter your name here