₹100-crore income club grows 4X in 5 years. What it means for the luxury housing market
The number of taxpayers in India reporting annual incomes exceeding ₹100 crore has surged to 576 for Assessment Year 2025-26, quadrupling from 142 five years ago. This growth in the ₹100-crore income club is influencing the luxury housing market, particularly in the ₹5 crore to ₹15 crore segment, although high-value purchases often stem from wealth creation rather than income alone. Experts note that while higher incomes increase the buyer pool, significant luxury home acquisitions are primarily driven by extraordinary wealth events, such as IPOs and business exits.