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What Is The Cost of Living in Noida?

What Is The Cost of Living in Noida?

What Is The Cost of Living in Noida?
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What is the cost of living in Noida 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 Noida ranges from Rs 5,000 to Rs 50,000. MakaanIQ compiles detailed list of prices in Noida for food, housing, transportation, hangouts, living rental cost in residential areas of Noida and calculates actual cost of living in the city.

Cost of Living in Noida City

Expense ItemAverage Cost
2BHK on rent₹ 15,000
Cost of 2BHK₹ 50 lacs
Local travel ( monthly pass for train)₹ 500-1,500
Electricity, Water, Garbage for apartment₹ 4,075/td>
Cost of pre-school/ kindergarten₹ 6,600
Maid (cook, clean)₹ 5,000
Petrol₹ 70.08
Cost of 1 meal in inexpensive restaurant (per person)₹ 300
Lifestyle₹ 10,000
Miscellaneous (water tankers, repair costs per month)₹ 2,000 onwards
Groceries₹ 6,000

What researches say about Noida

A research by the name Residential Preference Survey was conducted in 2015 that showed the popularity Noida enjoys. It is an affordable alternative to other National Capital Region’s (NCR) micro-markets. Most people who were based out of NCR preferred living in Noida even if they were working in Gurgaon, the two being poles apart.

Rent an apartment in Noida

Noida offers a wide variety of residential options be it villas, independent homes or apartment units. The broad price range starts at Rs 4,500 per month for a 1 room, kitchen (1RK) unit to even Rs 3 lakh for a spacious villa in a plush neighbourhood.

Top localities for rent in Noida include Sector 12, 16B, 32, 44, 50, 62, 71, 78, 137.

Buy an apartment in Noida

Looking for a property in Noida? An average 2BHK unit will cost you about Rs 50 while a 3BHK is priced up to Rs 90 lakh. However, options abound and the average per sq ft value is Rs 4,880.

On the demand meter, Sector 121, Sector 150, Sector 79, Sector 77, Sector 137 and Sector 107 enjoy immense popularity and in the last few months, capital values have only corrected.

Local travel in Noida

Noida is a planned city and served by local buses and other modes of public transport. Very soon, the Noida Metro’s Aqua Line will also begin its services. The 29.7 km aqua metro line connects the twin cities of Noida and Greater Noida. It would run between Sector 71 station in Noida and the Depot Station in Greater Noida and pass through 21 stations. A total of 15 stations will fall in Noida (from Sector 149 to Sector 71), the rest of the six stations will be under Greater Noida, including, Delta 1, Alpha 1, Alpha 2, Pari Chowk and Knowledge Park 2 stations.

On an average, you will need to reserve anywhere between Rs 500-1,500 monthly minimum for your local travels.

Household utility cost

Numbeo estimates electricity, water and garbage handling charges for residential properties to be anywhere between Rs 2,000-8,000 per month depending on the consumption. The prices are on the higher end because most households have gone in for generator sets due to power outages and water-related problems.

Childcare cost in Noida

To calculate childcare cost in Noida, 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 4,000 per month but costs could go up to Rs 12,000 per month for a reputed facility. An international-standard school in Noida will cost you anywhere between Rs 72,000 to Rs 3 lakh per year.

Last Updated: Fri Jan 04 2019

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@@Fri Jul 05 2019 13:15:19