The Mercedes-Benz Hurun india Wealth Report 2025 reveals interesting insights into India’s growing millionaire population. With the number of millionaire households nearly doubling since 2021, the report also identifies which cities are home to the highest number of wealthy individuals.

1. Bengaluru Leads the Millionaire Race

· Bengaluru has emerged as India’s top city for millionaires, thanks to its booming IT sector, startups, and tech hubs.

· The city has a high concentration of entrepreneurs, tech professionals, and investors, contributing to its wealth growth.

· Luxury real estate, high-end automobiles, and designer lifestyles are common among Bengaluru’s affluent.

2. Mumbai: The Financial Capital

· mumbai continues to be India’s financial hub, housing numerous bankers, investors, and corporate executives.

· It ranks high in millionaire households, especially among those with business, finance, and entertainment sector incomes.

· Premium real estate and luxury retail dominate the city’s spending patterns.

3. Delhi-NCR: government and business Powerhouse

· delhi and its neighboring regions (Gurugram, Noida) account for a significant number of wealthy households.

· Wealth here comes largely from corporate leadership, government contracts, and real estate ventures.

· High-end residential projects and lifestyle hubs cater to the affluent population.

4. Wealth Confidence and Growth Outlook

· The Hurun report shows that 83% of respondents are confident about India’s economic growth over the next three years.

· Millionaires are investing in luxury goods, real estate, and technology, reflecting optimism in the country’s future.

· Bengaluru’s rise highlights a shift towards tech-driven wealth creation, complementing mumbai and Delhi’s traditional strongholds.

5. lifestyle Trends Among Millionaires

· Luxury watches, designer brands, supercars, and exotic vacations dominate spending.

· Real estate and art remain key investment areas, along with high-end tech gadgets.

· Urban millionaires increasingly prioritize experiences alongside material wealth.

Key Takeaways:

· Top City for Millionaires: Bengaluru

· Other Major Hubs: mumbai, Delhi-NCR

· Reason: Tech growth, finance, corporate leadership, and entrepreneurial success

· Future Outlook: Majority are confident about India’s continued economic expansion

The Hurun india Wealth Report 2025 shows that India’s wealth is concentrated in metropolitan hubs, with Bengaluru taking the lead, reflecting the country’s shift towards a tech-driven economy. While mumbai and delhi remain financial and corporate centers, Bengaluru’s rise is a clear signal of India’s new wealth capital.


Disclaimer:

The views and opinions expressed in this article are those of the author and do not necessarily reflect the official policy or position of any agency, organization, employer, or company. All information provided is for general informational purposes only. While every effort has been made to ensure accuracy, we make no representations or warranties of any kind, express or implied, about the completeness, reliability, or suitability of the information contained herein. Readers are advised to verify facts and seek professional advice where necessary. Any reliance placed on such information is strictly at the reader’s own risk.

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Balasahana Suresh

19/09/2025 08:09 AM