India’s ultra-rich population set for further surge
ECONOMY & POLICY

India’s ultra-rich population set for further surge

Knight Frank has released the 20th edition of The Wealth Report, showing strong global wealth creation despite geopolitical and economic uncertainty. The global ultra-high-net-worth individual (UHNWI) population, defined as those with assets above USD 30 million, rose by 162,191 between 2021 and 2026 to 713,626.

India’s UHNWI population increased 63 per cent over the same period, rising from just above 12,000 to 19,877, making the country the world’s sixth-largest hub for ultra-rich individuals. Knight Frank forecasts this number will grow a further 27 per cent to 25,217 by 2031.

Mumbai remains India’s largest wealth centre, accounting for 35.4 per cent of the country’s UHNWI population. Delhi and Chennai increased their share by 3 per cent over the past decade, while Hyderabad gained 1.3 per cent since 2015.

India’s billionaire count rose 58 per cent in five years to 207 in 2026, ranking third globally behind the United States and China. This figure is projected to rise 51 per cent to 313 by 2031, increasing India’s share of global billionaires from 6.7 per cent to 8 per cent.

In luxury housing, Bengaluru jumped to eighth place in Knight Frank’s Prime International Residential Index after a 9.4 per cent rise in prime residential prices in 2025. Mumbai ranked tenth with 8.7 per cent growth, while Delhi moved to seventeenth after a 6.9 per cent increase.

Monaco remained the world’s costliest prime residential market, where USD 1 million buys only 16 sq m. In comparison, the same amount buys 96 sq m in Mumbai, 205 sq m in Delhi and 357 sq m in Bengaluru.

Knight Frank has released the 20th edition of The Wealth Report, showing strong global wealth creation despite geopolitical and economic uncertainty. The global ultra-high-net-worth individual (UHNWI) population, defined as those with assets above USD 30 million, rose by 162,191 between 2021 and 2026 to 713,626.India’s UHNWI population increased 63 per cent over the same period, rising from just above 12,000 to 19,877, making the country the world’s sixth-largest hub for ultra-rich individuals. Knight Frank forecasts this number will grow a further 27 per cent to 25,217 by 2031.Mumbai remains India’s largest wealth centre, accounting for 35.4 per cent of the country’s UHNWI population. Delhi and Chennai increased their share by 3 per cent over the past decade, while Hyderabad gained 1.3 per cent since 2015.India’s billionaire count rose 58 per cent in five years to 207 in 2026, ranking third globally behind the United States and China. This figure is projected to rise 51 per cent to 313 by 2031, increasing India’s share of global billionaires from 6.7 per cent to 8 per cent.In luxury housing, Bengaluru jumped to eighth place in Knight Frank’s Prime International Residential Index after a 9.4 per cent rise in prime residential prices in 2025. Mumbai ranked tenth with 8.7 per cent growth, while Delhi moved to seventeenth after a 6.9 per cent increase.Monaco remained the world’s costliest prime residential market, where USD 1 million buys only 16 sq m. In comparison, the same amount buys 96 sq m in Mumbai, 205 sq m in Delhi and 357 sq m in Bengaluru.

Related Stories

Gold Stories

Next Story
Products

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement