India is the world’s fastest growing economy. Every year millions of working people with the ability to spend money are moving into the cities. This means the cost of living in Indian cities has raised a lot in the last few decades. Using various parameters like the cost of accommodation, food, transport and healthcare one can get an idea of how much living in a particular city can cost.
These cities are home to most of the upper middle Indians who are fiercely ambitious, have good jobs and a lot of money to spend. Let’s check the list of top 10 most expensive cities in India in 2018.
10. Jaipur (Cost of Living: $294- $1015)
Jaipur is the largest city in the largest state, Rajasthan, in India. The most popular tourist destination in the country, Jaipur is also known as the Pink City. It is a major producer of gemstones, luxury textiles and rare arts and crafts. The city is home to some of the most expensive hotels in not only India but all over the world.
9. Ahmedabad (Cost of Living: $277.62- $957.35)
Ahmedabad is the largest city in Gujarat – a state in Western India that has been at the heart of India’s economic development. With an increasing population and growth in sectors like real estate, housing, telecommunication and construction, Ahmedabad is a lively city. The city is the second largest cotton producer in all of India and has been a major textile hub since before Independence. Thus it has earned the nickname Manchester of the East.
8. Hyderabad (Cost of Living: $270.69- $961)
The city that was home to the famous Nizam dynasty still features glorious architecture of that proud era. Historically famous for its shining white pearls, it has come to be known as the City of Pearls. The city is home to many pharmaceutical and biotechnology businesses and has a growing reputation as India’s Genome Valley. Hyderabad is an industrial service center, and 90% of the workforce is employed in the service industry. It is world famous for its cuisine, with dishes like the Hyderabadi biriyani and Haleem.
7. Chandigarh (Cost of Living: $299.24- $1040.56)
One of the earliest planned cities in the country after Independence, Chandigarh has been called one of the perfect cities in the world owing to its fabulous architecture, culture, and modernisation. Consistently ranked as one of the cleanest cities in India, Chandigarh has a population that is richer and happier than other cities. Paper manufacturing, metallurgy, machinery, and pharmaceuticals are the major industries in this North Western city.
6. Chennai (Cost of Living: $301.33- $1052.46)
Chennai is a South Indian coastal city located in the Bay of Bengal, and it has a bustling automobile industry. The city has been named as one of the best cities to visit in the world by Lonely Planet and is popular among tourists – both foreign and domestic. Chennai is one of the safest cities in India owing to its low crime rates and is known for being an exporter of information technology outsourcing services. It has a mixed economy that includes hardware manufacturing, healthcare, and a strong finance sector.
5. Kolkata (Cost of Living: $300.67- $1055.97)
Also known as The City of Joy, Kolkata is the capital of West Bengal and was the seat of British power during the colonial rule. Its port is oldest in India and Kolkata is the most important city in all of Eastern India from a commercial standpoint. Once the pioneer among in the Indian cities everything from science to culture it has witnessed some stagnation in the last few decades. Although it does not have a growing production and manufacturing sector, the city has seen investments in real estate, retail and hospitality sectors.
4. Pune (Cost of Living: $301.09- $1074.33)
Pune has long been an economic powerhouse and is home to multiple automobile and manufacturing industries. It has attracted students from all over the country because of its top class educational and research institutes. Pune has undergone major changes and seen rapid development since the 1950s and has attracted foreign investment in IT, automobile, and engineering sectors. Pune has been judged to provide better standards of living than most cities in India.
3. Bangalore (Cost of Living: $307.44- $1104.14)
The capital of South Indian state Karnataka is a demographically diverse city and is India’s answer to Silicon Valley. Most of the country’s technological firms are based in the city and lot of international firms has offices based here. There are many educational and research establishments in Bangalore, and the city is also home to ISRO, India’s space agency. Bangalore currently registers an economic growth of 10.3% annually is going to become one of the fastest growing cities in the world in the next decade.
2. Delhi (Cost of Living: $340.61- $1176.03)
Delhi, the capital of India, is a center of major industrial growth and is larger than any other metropolitan in the country. The northern Indian Territory is the most populous city in India and has attracted a lot of foreign investment owing to its large consumer base and skilled labor. Although infamous for its horrific air pollution, often called the worst in the world, Delhi is a hub of telecommunications and IT businesses and has some of the best hotels, hospitals, and manufacturing units in the country.
1. Mumbai (Cost of Living: $338.65- $1197.43)
Mumbai is the financial capital of the country and home to Bollywood – a film industry churning out more films than any other in the world does. The city has faced an immense influx of people looking for better jobs from nearby regions since independence. It is expected living in cities like Frankfurt and Seattle is cheaper than living in Mumbai, the capital of Maharashtra. The city has a higher GDP than any other in India and real estate prices here are astronomical.
So that was our list of the most expensive cities in India in 2018. It is not surprising that living in metropolitan like Mumbai or Bangalore costs so much considering these places are real hotspot of growth and development. Many of these cities have bustling IT sectors and are home to major industries. People in these cities have much higher per capita income compared to the rest of India. Hence high living costs are a natural result.