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Mumbai's Rich Spend Big Bucks on Ultra-Luxury Homes
Financial Express Lucknow
|July 23, 2025
Other thriving micro-markets included Bandra West (192% growth), Tardeo (254% growth), Prabhadevi, and Malabar Hill.
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The demand for luxury homes is buoyed by India's expanding wealth base, according to Sharma. Quoting the UBS Billionaire Ambitions Report 2024, he said India now has 185 billionaires, more than double the number a decade ago, with collective wealth rising 263% to $905.6 billion.
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