India’s ultra-high-net-worth individuals (UHNIs) are setting new benchmarks in luxury spending, and the latest Kotak Private Banking Luxury Index (KPLI) India’s first systematic luxury tracker, launched in 2025 with support from Ernst & Young LLP sheds light on their lavish lifestyles. The index monitors price movements and trends across 12 major luxury categories, including real estate, designer handbags and shoes, luxury autos, fine jewellery and art, watches, wines and whisky, luxury travel and experiences, wellness, and even elite-university tuition fees. Here’s a look at the most extravagant items and experiences commanding India’s elite attention. Kotak Luxury Index 2025
