Top 10 most expensive cities in India

India’s real estate market is expected to reach $1 trillion by 2030. The industry is the second-largest employer in the country and is set to grow exponentially. As the country goes through an increase in opportunities for white-collar jobs and tech growth, India’s cities are quickly developing and expanding, changing the real estate dynamics of the country. 

Major hubs like Mumbai, Delhi, Kolkata, and Chennai remain some of India’s most expensive cities. But India’s rising Silicon Valley inches Bangalore closer to the top of this list. Let’s read on to understand more – 

  1. Mumbai:

Is it really a surprise that Mumbai ranks the highest here? Mumbai is typically known as India’s business and financial hub but is also seen to host multiple industries in media, communications, retail, and tech. The city has been expanding rapidly since decades, accommodating millions of migrants each year. Some of Mumbai’s prime locations are priced at –

  • Malabar Hill: Rs. 59,275/sqft
  • Cuffe Parade: Rs. 55,960/sqft
  • Tardeo: Rs. 47,223/sqft
  • Juhu: Rs. 39,238/sqft
  • Bandra West: Rs. 44,509/sqft
  1. Delhi:

The capital of India is bound to rank high on this list. Delhi carries a rich history, culture, and generations of politics. Delhi’s rising startup economy also attracts thousands of people, making it more cosmopolitan than ever. Here are some approximate rates of Delhi’s prime localities – 

  • Golf Links: Rs. 23,735/sqft
  • Jor Bagh: Rs. 55,660/sqft
  • Greater Kailash: Rs. 52,914/sqft
  • Model Town: Rs. 14,607/sqft
  • New Friends Colony: Rs. 44,370/sqft

3. Kolkata: 

It is said that Kolkalta is a time machine, you always end up traveling back to India’s newly independent era. The city boasts its infrastructure and heritage and is truly an artist’s paradise. Largely affordable, only affluent areas here demand high prices in the real estate market. Let’s have a look at these – 

  • Bhawanipur: Rs. 10,461/sqft
  • Park Street: Rs. 27,758/sqft
  • Salt Lake: Rs. 9,821/sqft

4. Bangalore:

As India’s Silicon Valley, Bangalore has attracted millions of migrants, investors, startup owners, and has truly become a hub for tech and growth. With this and multiple developments in infrastructure, Bangalore’s real estate market is on a boom, and is predicted to only grow higher. Let’s see what Bangalore’s prime locations cost – 

  • Basavanagudi: Rs. 10,256/sqft
  • Indira Nagar: Rs. 10,805/sqft
  • Koramangala: Rs. 11,412/sqft
  • Jayanagar: Rs. 10,973/sqft
  • Malleshwaram: Rs. 11,561/sqft

5. Pune:

Pune is set to become Maharashtra’s tech hub and is already witnessing massive growth in the IT sector.  Here are some of Pune’s prime localities –

  • Koregaon Park: Rs. 12,569/sqft
  • Kalyani Nagar: Rs. 11,117/sqft
  • Aundh: Rs. 83,961/sqyrd
  • NIBM Road: Rs. 6,741/sqft
  • Model Colony: Rs. 16,138/sqft

6. Chennai:

Chennai attracts people from all over India for work in the IT and industrial sectors, resulting in rising home prices. The city offers a mix of traditional and contemporary cultures, with various housing options becoming more expensive.

  • Adyar: Rs. 14,401/sqft
  • Anna Nagar: Rs. 12,329/sqft
  • Besant Nagar: Rs. 15,968/sqft
  • Thiruvanmiyur: Rs. 11,753/sqft
  • Mylapore: Rs. 14,873/sqft

7. Hyderabad:

Hyderabad boasts flourishing pharmaceutical and IT industries, with increased demand for luxurious properties in upmarket districts. The city offers excellent infrastructure, housing stock, and facilities.

  • Banjara Hills: Rs. 9,615/sqft
  • Jubilee Hills: Rs. 12,544/sqft
  • Gachibowli: Rs. 9,328/sqft
  • Hitech City: Rs. 10,079/sqft
  • Manikonda: Rs. 6,175/sqft

8. Surat:

Surat’s connection to the Arabian Sea has contributed to its diamond and textile business boost. With its well-connected transit system, Surat offers upscale housing options along with choices for different budgets.

  • Top Localities: Rs. 4,478 to Rs. 8,867/sqft

9. Ahmedabad:

  • Ahmedabad’s growth in manufacturing, IT, and urbanization industries has driven the real estate sector. Historical sites and modern architectural marvels contribute to the city’s attractiveness, offering a variety of housing options.
  • Prices:
    • CG Road: Rs. 4,090/sqft
    • Jagatpur: Rs. 4,714/sqft
    • Satellite City: Rs. 7,084/sqft
    • SG Highway: Rs. 5,518/sqft
    • Thaltej: Rs. 7,320/sqft

10. Jaipur:

  • Jaipur, often known as the Pink City, is renowned for its historic past and extensive cultural legacy. Rising house prices are attributed to increased interest, excellent schools, and IT jobs. The city is enhancing its appeal with new buildings and infrastructure developments.
  • Top Localities: Rs. 2,762 to Rs. 8,441/sqft

Buying a house in India is no easy feat. With multiple laws, loopholes, and complex processes, it’s easy to get confused half way through. Our resource bank has been built around the considerations and issues of the modern-day home buyer in India. Check out our calculators and blogs, created to help you simplify home buying. 

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