THE TOP 5 EXPENSIVE CITIES IN INDIA ARE
- MUMBAI
- DELHI
- CHENNAI
- BENGALURU
- HYDERABAD
Expensive cities in India are determined by a few factors such as housing prices, food, lifestyle of people, transport, buying property and the rapid development of the area. Many people in India want to shift from rural to urban areas for jobs and education opportunities. It is important knowing the expense of the city you want to live in is essential.
MUMBAI
Mumbai, also famed as the city of dreams. Mumbai is city of Stars and Bollywood. With the charm of Bollywood, homes of high-profile celebrities of the country and ample corporate opportunities, the maximum city is easily at the top of the most expensive cities in India.
According to Mercer’s 2022 cost of living survey, Mumbai is the most expensive city in India for foreign employees. Mumbai has remained to be the most expensive in terms of living expenses and accommodation surpassing other cities. It’s a capital for the financial, commercial and entertainment activities.
Its lifestyle is expensive, with lots of millionaires owning bungalows. Mumbai is densely populated with a growing population annually, increasing demand in every available sector. The living cost and food depend on the area, but if you want a clean, beautiful, luxurious and comfortable and well-developed area, you need to pay a high amount of money.
GDP (PPP) – 310.0 billion.
DELHI
Right after Mumbai, New Delhi sits second on this list of the costliest cities in India. Living expenses are a mandate everywhere and New Delhi’s expenses are quite similar to Mumbai’s except for the rent of accommodation. Though the rent truly depends on the area you live in and the kind of rooms you choose for yourself or your family. These expenses will soar high in the coming years as the city witnesses an extreme rise in population every year.
Delhi is the capital of India, a union territory, the most populous city in India and the second wealthiest city after Mumbai. It is best known for its expensive spaces, park and delicious street food. However, its other satellite cities like Gurgaon, Noida and Ghaziabad make it expensive. The the average cost of living in Delhi ranges from Rs 16,500 to Rs 33,000 a month.
Delhi is the city popular for housing A-list politicians, India’s biggest governing bodies and a slew of bureaucrats. One of the richest tech billionaires Shiv Nadar and his family, who own HCL Technologies, live in Delhi and are the richest in the city. With such a heavy base of government operations being undertaken in Delhi, the capital city also offers plenty of job opportunities for the youth.
GDP (PPP) – 293.6 billion
CHENNAI
Chennai is quite a surprising addition to this list, but it is what it is. There are so many places in the city where you can live for a certain amount of money, but you won’t get the comfort you wish for. Posh areas such as Boat Club, Besant Nagar, Poes Garden, Nungambakkam, and many more like these cities require a good amount of money to stay lavishly. In addition to these expenses, eating outside, shopping relentlessly and so much more extravaganza is also a part of a well-to-do lifestyle. And this takes away a lot of money every month.
The living cost in Chennai is 5 percent less than in Delhi and the most expensive in living, transport, footwear, clothing, alcohol and food. Chennai faces rapid population growth, rapid development and expensive lifestyles, making it expensive. The average cost of rent is estimated between Rs 12,000
to Rs 29,000.
GDP (PPP) – 110.0 billion
BENGALURU
Bengaluru is the capital of Karnataka and is also called the IT capital because it is the national leading information technology exporter and has a highly educated workforce in the world. Thousands of youngsters are settling into Bengaluru every year for studies and jobs. Thousands of youngsters are settling into Bengaluru every year for studies and jobs. This extreme rise in population is becoming a major concern for the city. The levels of traffic and pollution are not sitting behind too. The housing here somewhere costs around 15,000 to 25,000. The price of course changes with the size of the rooms, the area of the flat, and so much more. Also, these flats are average ones and will cost way much more if you have a big family or you want to reside in a posh area.
Popular as the hub of the IT industry, the city is also a breeder of innovations and startups. Home to eight billionaires, Bengaluru’s richest person is Azim Premji. The Indian business tycoon is the leader at Wipro, which along with Infosys are the two biggest companies in the city. Bengaluru has the most luxury hotels in India. Street and malls are full of international brands. You get an opportunity to purchase high-quality products.
GDP (PPP) – 86.0 billion
HYDERABAD
The best city to live in India, according to a recently conducted survey, Hyderabad, along with a rich history, culture and delectable cuisine, is also one of the best geographically planned cities in our country.
Hyderabad is the capital of technology known as the city of pearls. It’s one of the biggest IT hub after Pune and Bengaluru offering good services in internet and connectivity. It is also known as a huge hub of biotechnology and pharmaceuticals. The city has big companies and industries, creating substantial employment opportunities.
Murali Divi, a US-trained scientist, is the main man at Divi’s Laboratories in Hyderabad, and also the richest person in the city.
GDP (PPP) – 75.2 billion