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Maharashtra Tops In Millionaire Growth With 1.78 Lakh Wealthy Households

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Mumbai: The number of millionaire households in Maharashtra has grown by 194% to 1.78 lakhs in the last four years, which is the highest in the country. According to a latest wealth report, Mumbai alone hosts 1.42 lakh millionaire households with Maharashtra being the preferred investment destination for 43% of Indian millionaires.

India now has 8.71 lakh millionaire households, families with a net worth of at least 8.5Cr, increasing by 90% from 4.58 lakh in 2021, revealed the ‘Mercedes Benz-Hurun India Wealth Report 2025’ launched on Thursday. The report states that the number of such millionaire families have grown by 445% from 2017 whereas only 0.01% became billionaires. However, these households comprise only 0.31% of the total households in India, highlighting the growing wealth disparity in the country.

Notably, the report revealed that Maharashtra leads the country in terms of millionaire households, 1.78 lakh, recording a 194% growth since 2021. Mumbai, the country’s financial capital, alone hosts 1.42 lakh millionaire families, which is again the highest in the country, followed by 68,200 in New Delhi. The report stated that the economic expansion of Maharashtra, which is home to 471 individuals featured in the ‘Hurun India Rich List 2024’, is underpinned by a 55% increase in its gross state domestic product (GSDP) between 2020-21 and 2023-24, crossing Rs40 lakh crore. Similarly, Mumbai accounts for 80% of the state’s total wealth, backed by 55% GSDP growth.

Maharashtra stood out as the most preferred investment destination in India for millionaires, with 43% of them choosing it over Gujarat, Karnataka and Delhi NCR, revealed the ‘Mercedes-Benz Hurun India Luxury Consumer Survey 2025’, also launched on Thursday. The survey revealed that stocks, real estate, and gold remain the top asset choices for millionaires with 51% expecting Indian real estate to grow in the next two years, while 38% believe it will remain stable.

Anas Rahman Junaid, founder and chief researcher at Hurun India, said, “I am struck by the extraordinary upward mobility we’re witnessing in India. This democratisation of prosperity speaks to the resilience of our economy, with opportunity spreading to millions of new wealth creators. We project India’s millionaires could double to around 1.7 to 2 million households in the next decade. Powered by our young demographic, technology and entrepreneurial spirit, India is poised to become the world’s fastest-growing wealth hub, gradually closing the gap with the leading economies.

Santosh Iyer, MD and CEO of Mercedes-Benz India, highlighted that the millionaires are also quickly shifting towards luxury electric vehicles (EVs) in comparison to the overall shift in general EVs. He stated that while the overall shift to EV is around 4%, luxury car owners record an 11% shift. “India’s growth story underscores the resilience and transformation of the economy, driven by a burgeoning domestic market and soaring aspiration of today’s young generation. Mercedes-Benz remains a symbol of social prestige, financial affluence and unmatched desirability,” he added.

Maharashtra

Tension at Vashi Naka in Mumbai over the replacement of the Kali Mata idol with Mount Mary; case filed, priest arrested after protests by Bajrang Dal and Vishwa Hindu Parishad activists

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Mumbai: The idol of Kali Mata in the crematorium of Chembur Vashi village was changed into the shape of Mount Mary, after which tension spread in the area, but the police have claimed to have arrested a priest in this matter, who had done the above act, which had hurt the religious sentiments of Hindus. The police brought the situation under control and also solved the case. After this incident, an attempt was made to spoil the atmosphere, but later the priest was found to be involved in it, after which peace has now prevailed here. A shocking incident has come to light in Mumbai, in which the idol of Kali Mata installed in the crematorium of Chembur Vashi village was redesigned to resemble Mount Mary. This incident has caused a wave of shock and anger among the residents of the area.

On receiving the information, the RCF police reached the spot, assessed the situation and arrested the priest involved. The police have also registered an FIR in connection with the incident.

During initial interrogation, the accused priest told the police that he had received a “dream instruction” to redesign the idol of Kali Mata to resemble Mount Mary. Following this alleged “dream instruction”, he tried to change the shape of the idol.

Given the seriousness of the matter, police officers are conducting further investigations. The motives behind the change, and whether there was any other reason or conflict behind the change, are also under investigation.

Local people and some Bajrang Dal workers expressed satisfaction with the police action and said that any kind of change without permission at religious places is unacceptable. DCP Sameer Shaikh said that the accused who changed the shape of the idol has been arrested and the investigation is ongoing. The police are also investigating why the accused committed such a questionable and controversial act, who is behind it, and on whose instructions he changed the shape of the idol. Investigations are ongoing on all these points. However, due to the situation, the police have deployed additional arrangements here and the situation is also being monitored. At present, there is peace but tension remains.

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Maharashtra

Veteran Bollywood Actor Dharmendra Passes Away at 89

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Mumbai: Veteran Bollywood legend Dharmendra, fondly known as the “He-Man” of Indian cinema, passed away today at his residence in Mumbai at the age of 89. His departure marks the end of an era in Hindi film history, leaving behind millions of grieving fans and admirers.

Dharmendra had been unwell for the past several days. He faced respiratory complications and other age-related health issues, for which he was hospitalized briefly before being shifted back home. Earlier today, a sense of concern arose as activity increased outside his residence, and soon after, the heartbreaking news of his demise was confirmed.

With a career spanning more than six decades, Dharmendra made his debut in the early 1960s and went on to become one of the most admired and celebrated actors of Indian cinema. From romance to comedy, drama to action, he mastered every genre and delivered countless memorable performances. His screen presence, charm, and natural acting style earned him a permanent place in the hearts of audiences.

The film industry is in deep mourning. Actors, filmmakers, and fans across the country are paying tribute, remembering him as a powerhouse performer and a humble human being. Many are calling his passing “the end of an era,” acknowledging that his contribution to cinema is both historic and irreplaceable.

Beyond films, Dharmendra was a devoted family man—deeply connected with his children, grandchildren, and loved ones. His simplicity, warmth, and affectionate nature made him beloved not just onscreen but also in his personal life.

His passing leaves a void that cannot be filled. Yet, his legacy will continue to shine through his timeless films, unforgettable characters, and the memories he gifted to generations of viewers.
We extend our heartfelt condolences to his family and pray that his soul rests in peace.

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Maharashtra

Winter rains expected in the state, alert issued in three districts

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Mumbai: The weather in the state is constantly changing. Now after the severe cold, the Indian Meteorological Department has given a major warning of direct rain. The state is currently facing favorable weather for rain.

The state has been experiencing cold and temperature in the last few days. The mercury is continuously falling. Pune is experiencing severe cold, Punekar is facing pink cold due to the drop in temperature. Not only Pune, many parts of the state are experiencing severe cold and cold winds are blowing from the north. North India is experiencing severe cold and the mercury is likely to fall further in the next few days. However, the cold has decreased slightly since yesterday. The mercury is falling in the districts of Mumbai, Nagpur, Akola, Solapur, Chhatrapati Sambhaji Nagar, Beed, Nanded, Parbhani, Hingoli, Ahlia Nagar, Gadchiroli, Gondia, Jalgaon, Bhandara, Ayutthaya. The mercury in Dhule fell to 7.5 Celsius. The Indian Meteorological Department has now issued a big warning.

Although the cold is being felt at the moment, the cold has decreased in some areas compared to the last two or three days. Not only this, the weather is also cloudy. Currently, the environment is favorable for rain in the state. The Indian Meteorological Department has also issued a rain warning in some districts. Rain warnings have been issued in Kolhapur, Sangli and Sindhudurg districts.

The mercury is below 10 degrees in some places. On Friday, the lowest temperature in the state was recorded in Dhule. The temperature was recorded in Dhule at 7.5 degrees. The temperature was recorded in Parbhani at 8.9. The temperature was recorded in Nafad at 8 degrees Celsius. The mercury dropped to 11 degrees in Pune, Ahlia Nagar and Mahabaleshwar. Today, the weather is favorable for rain in some cities of the state. There will be light to moderate rain in Kolhapur, Sangli and Sindhudurg.

The mercury has dropped below 10 degrees in Pune. Due to which there is a heavy fog in the air. To avoid the cold, Ganpati Bappa is traditionally dressed in a woolen sweater and ear caps at Saras Bagh in Pune. This sweater is given to Ganpati Bappa with the pleasant feeling that Ganpati Bappa is also feeling the cold. Every winter, whenever the cold increases, Ganpati Bappa is given a sweater.

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