Delhi being the hotbed of economic, social and political activity, is a coveted city for many. From state-of-the-art healthcare facilities, schools, entertainment avenues, the city has much to offer. The town’s significant advantage is that it provides both budget living and luxurious living options to suit various lifestyles. If you want to get a fair idea of the cost of living in Delhi, you are at the right place. Let us take you through the various heads under which you will need to budget your expenses to build a life in the capital city of Delhi.
Delhi NCR (including Noida and Gurgaon) is a hub of education and job opportunities, because of which there are plenty of working professionals and college students who look out for co-living properties in Delhi. The monthly rent of these properties ranges from ₹ 4,000-55,000, depending upon the location and kind of amenities available.
In some areas, you can rent a 1 BHK for ₹ 5,000-7,000 a month. But if you are looking at luxury living, you should look for posh localities like Greater Kailash, Vasant Vihar, Defence Colony, South Extension and more where you could be looking at rentals of ₹ 50,000 plus for a 2 or 3 BHK.
Let’s understand some locations and their average rentals:
|Type of living||Rent||Suggested Locations|
|Affordable rents||Under ₹15,000 per month (1-2 BHK)||Burari, Rohini, Dwarka Mor, Uttam Nagar, , Krishna Nagar, Jangpura, Ibrahimpur, Sultanpur, Govindpuri, Chhattarpur|
|Mid-segment||₹15,000-40,000 per month (1-2 BHK)||Rohini, Pitampura, Dwarka, GTB Nagar, Shalimar Bagh, Lajpat Nagar, Mandi|
|Luxury Homes||₹50,000 per month (2-3 BHK)||Ashok Vihar, Jamia Nagar, Saket, Jangpura, Safdarjung, Hauz Khas, Green Park, Jor Bagh, Shanti Niketan, Panchsheel Enclave, Gulmohar Park, Greater Kailash, South Ex|
Delhi has an efficient public transport system. While DTC buses are the cheapest way to travel, Delhi Metro offers a lot of convenience with its air-conditioned coaches. You could simply opt for a metro card, which works much like an ATM card and keeps deducting your commute amount. Of course, there is a vast network of autos and taxis too, if you are open to spending money.
Pro-Tip: As autos do not agree to go by the meter. Practical negotiation skills are a must-have.
If you have your vehicle, it will be prudent to budget ₹ 4000-5000 for fuel, depending upon the distance you need to travel, of course.
Utilities, such as electricity and water in Delhi, are subsidised. Still, you should keep a good chunk of the budget for the electricity bill as Delhi experiences extreme temperatures necessitating air conditioning and heating. In the summer months, you could be looking at electricity bills in the region of ₹ 4,000-5,000 per month.
Groceries are an important part of the budget, especially if you’re a family staying in Delhi. If you’re a bachelor or a student who doesn’t cook, then these expenses can be controlled only if you don’t spend a lot on eating outside, this can easily be covered in around ₹ 3,000-3500 per month. Delhi offers budget as well as luxury lifestyle options. You have to choose as per your needs and comfort.
The best part about Delhi is that it has many local shops to fulfil your homely needs. Start-ups like Big Basket and Grofers are extremely famous and convenient as they deliver everything you want at your doorstep.
The cost of education, of course, will vary based on the child’s age and the kind of institution you choose. As for childcare, you could look for maids or professional daycare operators and can pay anywhere between ₹ 5,000-25,000 per month. Similarly, the choice of school will determine the fee. Broadly you could land up spending anywhere between ₹ 3,000-15,000 per month as a fee per child depending on the kind of school you opt for.
Delhi has many well-known malls like Metro Walk, Select CityWalk, Ansal Plaza, etc. They are not only great for shopping but also famous for restaurants, breweries, bowling, and other fun activities like Ice Skating etc. Basis the lifestyle you want to maintain, you can budget the leisure costs accordingly.
Delhi also has many historical monuments, like The Red Fort, Humayun’s Tomb, Qutb Minar, India Gate, Jantar Mantar, which are a few of the must-visit places. They charge a nominal entry fee.
If you have decided to move to Delhi, we recommend you plan your relocating needs to avoid any hassles. If you are on the lookout for a professional moving company, you may opt for Pikkol Packers and Movers professional services. We are the best in town and offer quality services at an affordable price.