What Is The Cost Of Living In Delhi?
What is the cost of living in Delhi for couple, family, bachelors? On the basis of the cost of buying or renting a home, cost involved in commuting to and fro workplace, cost of household utilities, childcare costs and more, cost of living in Delhi ranges from Rs 7,000 to Rs 1.2 lakh. MakaanIQ compiles detailed list of prices in Delhi for food, housing, transportation, hangouts, living rental cost in residential areas of Delhi and calculates actual cost of living in the city.
Cost of Living in Delhi City
|Expense Item||Average Cost|
|2BHK on rent||₹ 30,000|
|Cost of 2BHK||₹ 42.18 lacs|
|Local travel ( monthly pass for train)||< ₹ 1,500|
|Electricity, Water, Garbage) for apartment||₹ 3,853|
|Cost of pre-school/ kindergarten||₹ 2,500-9,000|
|Maid (cook, clean)||₹ 6,000|
|Cost of 1 meal in inexpensive restaurant (per person)||₹ 300|
|Miscellaneous (water tankers, repair costs per month)||₹ 2,000 onwards|
What researches say about Delhi
In the livability index released by the Union Housing and Urban Affairs ministry, Delhi along with 110 other Indian cities were marked on institutional, social, economic and physical criterion. Overall, Delhi was at number 65 while securing the last rank for health provisions, 19th position in terms of governance, 59th position in terms of education and 33.18 out of 100 points in terms of social, economic and physical infrastructure. Delhi was at number 71 in terms of educational and health institutions while at 109th position in the economic pillar.
Even in the Global Liveability Index 2018 released by the Economist Intelligence Unit put New Delhi at number 112 out of 140 global cities. Prevalence of petty and heinous crimes, risk due to terrorism and transport infrastructure were factors that pulled the capital city down in the list.
Rent an apartment in Delhi
The rental market in Delhi is robust with 1RK, 1BHK, 2BHK, 3BHK and bigger configurations available for rent. A cursory glance of Makaan.com suggests that 2BHK apartments in Delhi will cost you anywhere between Rs 5,000 to Rs 1.5 lakh per month. Sunder Nagar, East of Kailash, Jangpura Extension, Gulmohar Park, Defence Colony, Hauz Khas are among popular, high-end localities. You could turn to Narela, Rohini, Uttam Nagar, Dwarka, New Ashok Nagar for affordable rental options in Delhi.
Buy an apartment in Delhi
If you are planning to buy a 2BHK unit in Delhi, you may have to reserve a budget of Rs 15 lakh to Rs 15 crore depending on the locality and amenities that you are looking at. Some of the popular localities for affordable homes include Uttam Nagar, Chattarpur, Kalkaji, Janakpuri, and Rohini.
On the entirety, Delhi’s real estate market is more or less saturated and a 3BHK unit in an established locality will cost you over Rs 1.5 crore. However, on an average, new constructions that may be smaller in size would be priced at Rs 42 lakh. This may vary from place to place. Most homebuyers prefer investing in the National Capital Region (NCR) of Noida and Gurgaon for relatively affordable homes on sale when compared to Delhi.
The average cost of units in Delhi is as follows:
Local travel in Delhi
Delhi’s transport infrastructure and network is robust and Numbeo estimates that if you are a daily commuter in Delhi, monthly bus passes may cost you anywhere up to Rs 1,500. However, prices vary depending upon how often or how far you travel each day. Delhi Metro and DTC buses serve the Delhiites. In an attempt to check air pollution, the Delhi Metro had also planned to run 4,831 trips in a day which is the highest ever.
Household utility cost
Numbeo estimates electricity, water and garbage handling charges for residential properties to be anywhere between Rs 2,000-7,000 per month.
Childcare cost in Delhi
To calculate childcare cost in Delhi, it would be necessary to understand the kind of schooling and training you want to provide your child. The minimum you would be spending on a toddler who is ready for pre-school is Rs 2,500 per month but costs could go up to Rs 9,000 per month for a reputed facility. An international-standard school in Delhi will cost you anywhere between Rs 60,000 to Rs 3 lakh per annum.