Mumbai has long been seen as India’s financial heart. Now, it’s gaining recognition on the global wealth map. The city has ranked 57th worldwide in the Savills High Net Worth Individuals (HNWIs) Hotspot Index, reflecting its growing appeal as a centre for private wealth, family offices, and intergenerational investments.
According to Savills’ Spotlight on Wealth Trends 2025, which assessed nearly 100 global destinations across parameters like business environment, legacy planning, lifestyle, and security, Mumbai stands out as a key emerging destination for global wealth. The ranking underscores India’s expanding base of affluent individuals and the country’s evolving ecosystem of wealth management, private security, and family office infrastructure.
India’s Expanding Wealth Ecosystem
The report places India among the top five countries globally for private security providers and within the top ten for family offices, highlighting how the country’s wealth ecosystem is maturing beyond traditional financial hubs. This growth is supported by a mix of factors—rapid economic expansion, a stable regulatory environment, and the absence of inheritance or estate taxes that make India an attractive destination for succession planning and legacy preservation.
India’s consistent GDP growth is among the highest globally and continues to fuel personal wealth creation. The country’s strong corporate base and thriving start-up ecosystem are further expanding the pool of high-net-worth individuals (HNWIs), many of whom are now turning to structured wealth and estate planning.
“India’s position in the global index reflects the structural strength of its economy and the broadening base of private wealth across sectors,” said Arvind Nandan, Managing Director, Research, Savills India. “As family offices grow and succession planning becomes more strategic, India is emerging as a strong centre for long-term wealth creation and preservation.”
Mumbai: A Magnet for Global Wealth and Families
The report also highlights Mumbai’s strength in education and family infrastructure, with 75 international schools, one of the highest counts in Asia. This makes the city particularly appealing to globally mobile families seeking quality education alongside investment opportunities.
For wealthy families looking to relocate or expand business interests in Asia, Mumbai offers a unique mix of financial depth, social stability, and a growing network of professional advisors catering to estate management, philanthropy, and next-generation wealth transfer. The presence of multinational banks, private wealth firms, and emerging Indian family offices is reinforcing Mumbai’s position as a credible wealth hub, rivalling traditional centres like Singapore and Hong Kong.
Asia’s Wealth Shift Gains Momentum
The broader Asia-Pacific region is now witnessing the fastest growth in millionaire and billionaire populations globally. India’s young demographics, expanding services and technology sectors, and deepening investment ecosystem place it at the heart of this shift.
As global wealth becomes more diversified, India, and Mumbai in particular is emerging not just as a site of opportunity, but as a secure base for the world’s expanding class of high-net-worth individuals. The combination of economic dynamism, policy stability, and cultural openness to global business is turning India into a long-term anchor for private capital.
A Future Built on Legacy and Growth
Savills’ findings reflect more than a ranking, they highlight a transformation underway. India’s wealth story is no longer just about growth numbers; it’s about continuity, structure, and confidence. With Mumbai at the forefront, the country is building not just wealth, but the institutions and ecosystems that sustain it for generations to come.
