Mumbai now hosts 35 of India ultra wealthy as wealth growth accelerates

Luxury real estate demand is being driven by domestic buyers

Mumbai is home to 35.4% of India’s ultra-high-net-worth (UHNW) population, highlighting a major shift in where wealth is being created and retained. India’s UHNW class has expanded rapidly and is expected to grow further, with Mumbai’s luxury real estate market benefiting from strong domestic demand.