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What is the cost of living in Delhi and what are the posh localities there?

Admin 26 Jul 2022 128 Views
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Delhi is a metropolitan city and one of India's major commercial and developed cities. Due to the availability of resources, many people from different parts of India frequently migrate to Delhi, and hence, it is also a city with a considerable population. In this article, we discuss several residential areas of Delhi and give you an idea about the cost of living in Delhi. 

Posh areas in Delhi 

 

There are numerous posh areas in Delhi with expensive high-rise buildings and other resources. Several features, such as the location's beauties, excellent living facilities, a wide range of architecture, commercial opportunities, top-class market complex, institutional centers, recreational facilities, developed road network, well-planned residential community, and much more make these areas luxurious areas of Delhi and increase their real estate value. Following are the poshest areas in Delhi:

 

● Prithviraj Road

● Panchsheel Park

● Jor Bagh

● Greater Kailash

● Gulmohar Park

● Sundar Nagar

● Vasant Vihar

● Anand Lok

● Malviya Nagar 

● Naraina Vihar

 

VIP area in Delhi

 

The top VIP areas in Delhi include,

 

● Greater Kailash

● Jor Bagh

● Shanti Niketan

● Vasant Vihar

● Gulmohar Park

● Sundar Nagar

● Rajouri Garden

● Green Park

● Mayfair Gardens

● Lutyens' Delhi

● Rajouri Garden 

Best residential areas in Delhi 

 

Delhi has an abundance of residential areas to live in. People from low-income to high-income groups live in different residential areas of Delhi. 

House prices, house rental value, and other amenities of residential areas vary by region. 

 

Classy and affluent residential areas include numerous neighborhoods with community societies, top educational institutions, high-end shops, shopping malls, government organizations, various companies and factories, branded retail stores, marriage halls, health centers, restaurants and hotels, theaters, parks, and more.

 

A good road network is also an added feature of those top residential areas in Delhi. Among the wide range of residential areas, the leading residential areas of Delhi are,

 

Greater Kailash

Vasant Kunj

Saket

New Friends Colony

Chittaranjan Park

Janakpuri

Paschim Vihar

Kirti Nagar

Lajpat Nagar

Uttam Nagar

Patel Nagar

Moti Nagar

Tilak Nagar

Rajouri Garden

Dilshad Garden 

Chanakyapuri

Civil Lines

● Pitampura

● Defence Colony

● Mukherjee Nagar

● Gandhi Nagar

● Saraswati Vihar

● Dwarka Sub City

● Model Town

● Mayur Vihar

● Gulmohar Park

● Sainik Farm

● South Extension

 

 

Cost of living in Delhi for students

 

Students' cost of living in Delhi depends on the area and the kind of accommodation they want. Suppose you are a student and want suitable accommodation in a better place, your house rent cost, cost of electricity, cost of water, transportation cost, cost of food, personal expenses, and the cost of education. In that case, you will need a considerable amount to pay for all the payments every month.

 

Nevertheless, if you are a low-budget student and your needs are also less, PG is the best option. You can get PG within Rs. 7000/Rs. 9000 in some regions of Delhi. But, if you don't like to live in a crowd and want your own private space along with other special needs, it will cost you more. In that case, your minimum house rent cost will be Rs. 15,000. 

 

Cost of living in Delhi for Couples?

 

Indeed, the cost of housing in Delhi is determined based on the importance of an area. For example, if you want a standard-sized bedroom, hall, and kitchen (1bhk) in expensive regions of Delhi, like Hauz Khas, you will have to pay around Rs. 20,000 to Rs. 25,000 per month for this. In contrast, if you look for 1bhk in areas of Rohini or Mayur Vihar, your monthly house rent will be between Rs. 10,000 and Rs. 15,000. 

 

The average monthly rent in Delhi is Rs. 15,000 for an affordable property, Rs. 15,000 to Rs. 40,000 for a medium-range property, and Rs. 60 000 for a luxury property.

 

Cost of living in Delhi for family

 

If your family consists of one or two children, childcare costs, including education, are a big part of your monthly family budget. For each child, you will have to bear expenses of Rs. 5000 to Rs. Rs. 25,000 per month, based on your kid's age and study level. So, a family's average cost of living in Delhi falls within Rs. Fifty thousand to Rs. 70,000, depending on the family's lifestyle.

  

Is it cheap to live in Delhi?

 

The average cost of living for a person in Delhi ranges from Rs 15,000 to Rs. ranges from Rs. 25000. On the other hand, house rent in Delhi is cheaper compared to other metropolitan cities like Mumbai and Bangalore. So, it can be assumed that it is reasonable to live in Delhi.

 

What salary is needed to live comfortably in Delhi?

 

A person needs a salary of Rs 30,000 per month to live comfortably in Delhi. However, the salary a person needs to live comfortably in Delhi depends on the lifestyle and needs of the individual.

About Author

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Jatin Dubey

An enthusiastic content writer who is a law graduate and has been working as Real Estate Consultant for around 9 years.
He has worked with top Real Estate Agencies and Builders in Delhi, Bangalore and Pune. His skills to perform market analysis and explore high potential localities has helped many clients in the past.

An enthusiastic content writer who is a law graduate and has been working as Real Estate Consultant for around 9 years.
He has worked with top Real Estate Agencies and Builders in Delhi, Bangalore and Pune. His skills to perform market analysis and explore high potential localities has helped many clients in the past.