The Art of Affluence

/8 min read
With India’s millionaire households nearly doubling to 8,71,700, wealth is being redefined. The surge reflects an economy where rising incomes, asset appreciation, and entrepreneurship converge—creating new expressions of how Indians invest, live, and show prosperity
The Art of Affluence
(Illustration: Saurabh Singh) 

A luxury homebuyer in Delhi feels that the Covid-19 pandemic changed her living priorities—more space, better ventilation, higher aesthetics, green features. “I am willing to pay a premium if my home gives me peace, space, and good community,” she says.

A real estate developer in Mumbai notes that the cost of land is rising faster than the rate at which they can raise selling prices: “Margins are under pressure, but we are seeing enough demand that buyers seem less sensitive to incremental price hikes if the project has a good brand or location.”

Wealth managers report that first-generation wealth holders are asking more questions than previous generations: about returns, risk, overseas options, family office setup, philanthropy. It’s less about accumulating; more about preserving and growing intelligently.