India’s ultra-rich club grows as 576 individuals earn over Rs 100 crore a year
Figure nearly quadruples from 142 in AY 2021-22, shows Finance Ministry data
Business
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Business
Gurugram beats Mumbai in ultra luxury home sale in 2025; 1,494 units sold for Rs 24,000 cr: Report
Gurugram's luxury home sales (Rs 10 crore+) surged 80% to Rs 24,120 crore last year, surpassing Mumbai. Sales volume tripled to 1,494 units, fueled by rising prices and strong buyer confidence. Emerging areas are driving the growth.
Trending
'Gold diggers shop for a rich husband': New Indian AI matchmaking App sparks outrage over Rs 50 lakh entry slap
Knot.dating, an AI-powered matrimonial app, requires men to earn Rs 50 lakh+ annually, drawing criticism for potential classism and promoting a 'gold digger' culture. The app's founders defend the income filter as a measure of ambition. Online reactions are mixed, with some supporting the critique and others defending the concept.
Diaspora
3,500 millionaires to leave India in 2025; wealth exodus of $26 billion
Wealth migration is a facet of globalization, with millionaires relocating globally. Henley & Partners reports that 142,000 millionaires will migrate this year. This migration impacts foreign exchange, job creation, and investment. India is expected to lose 3,500 millionaires and $26 billion, primarily due to infrastructure, growth prospects, and taxes.
