Top 10 expensive Indian Cities

Estimated reading time: 14 minutes

India’s real estate market is expected to reach $1 trillion by 2030. As the second-largest employer in the country, the industry is set to grow exponentially. With the rise in white-collar jobs and tech growth, cities are rapidly developing, changing the real estate dynamics of the country. Here are the most expensive Indian cities.

Mumbai

Mumbai, the financial capital of India, is not only the costliest city in India but also ranks among the most expensive cities in the world. Known for its fast-paced lifestyle and booming real estate market, the cost of living in Mumbai is significantly higher compared to other Indian cities. With exorbitant housing prices, Mumbai is often compared to some of the most expensive cities globally.

The city’s position as a hub for business, entertainment, and culture drives the high cost of living. As India’s most expensive city, it sets the benchmark for urban living costs across the country.

Locality	Price per Square Foot	Description
Malabar Hill	Rs. 59,275	One of Mumbai’s most upscale neighborhoods, offering stunning views of the Arabian Sea and home to several VIP residences.
Cuffe Parade	Rs. 55,960	Known for its high-end residential complexes and proximity to Nariman Point, a prime business district.
Tardeo	Rs. 47,223	Central location with easy access to commercial hubs, making it a preferred choice for affluent professionals.
Juhu	Rs. 39,238	Famous for its beach, celebrity homes, and vibrant nightlife, Juhu is a coveted residential area.
Bandra West	Rs. 44,509	A trendy locality known for its mix of heritage bungalows, high-end apartments, and lively social scene.

---

Delhi

Delhi, the bustling capital of India, has consistently ranked as one of the most expensive cities in the country. Often regarded as the most expensive city in India, its high cost of living encompasses housing, transportation, and lifestyle expenses. Delhi is frequently listed among the top 10 costliest cities globally for expatriates, further solidifying its reputation.

As one of the costliest urban centers, Delhi offers a mix of luxury and necessity, making it one of the most expensive cities to live in within India. Its dynamic growth continues to drive up the cost of living, attracting both opportunity and expense.

Locality	Price per Square Foot	Description
Golf Links	Rs. 23,735	A prestigious area known for its luxurious homes and proximity to key government and business centers.
Jor Bagh	Rs. 55,660	Popular among diplomats and expatriates, offering spacious homes and a serene environment.
Greater Kailash	Rs. 52,914	A well-known residential and commercial hub, favored for its modern amenities and shopping complexes.
Model Town	Rs. 14,607	Offers a mix of residential comfort and commercial convenience, with parks and recreational areas.
New Friends Colony	Rs. 44,370	Known for its green spaces, quality education institutions, and well-planned infrastructure.

---

Kolkata

Kolkata, a vibrant city in eastern India, has steadily become one of the top 10 most expensive cities in India, reflecting its growing economic significance. Kolkata remains crucial for India’s development, balancing a rich cultural heritage with modern living standards.

The city is experiencing a gradual rise in real estate prices, although it doesn’t feature the most expensive land in India. Among the top 5 richest cities in India, Kolkata stands as a hub for trade and commerce. Despite this, the average cost of living in India still makes Kolkata a relatively affordable option.

Locality	Price per Square Foot	Description
Bhawanipur	Rs. 10,461	A traditional area with a blend of old-world charm and modern conveniences, close to major educational institutions.
Park Street	Rs. 27,758	The heart of Kolkata’s nightlife and dining scene, with high-end residences and commercial establishments.
Salt Lake	Rs. 9,821	Known for its planned infrastructure, IT hubs, and tranquil residential neighborhoods.

---

Bangalore

Bangalore, often referred to as the “Silicon Valley of India”, is not only one of the top 10 costly cities in India but also a hub of innovation and technology. With real estate prices skyrocketing, it competes with regions like South Mumbai, home to the most expensive land in India.

The city’s stock market scene thrives with companies like MRF Ltd., known for holding the most costly share in India. Bangalore’s growing economy positions it among the richest cities in the country, while globally, cities like Hong Kong, known as the most expensive city in the world, set the standard for luxury living.

Locality	Price per Square Foot	Description
Basavanagudi	Rs. 10,256	A historic area with a mix of cultural heritage and modern living, known for its parks and traditional markets.
Indira Nagar	Rs. 10,805	A bustling neighborhood popular among young professionals, with a variety of eateries, pubs, and shopping options.
Koramangala	Rs. 11,412	One of Bangalore’s most vibrant areas, known for its startups, cafes, and upscale residences.
Jayanagar	Rs. 10,973	A well-planned locality with a mix of residential and commercial spaces, parks, and educational institutions.
Malleshwaram	Rs. 11,561	A traditional area with a rich cultural history, bustling markets, and modern amenities.

Pune

Pune, one of the most expensive cities in India, is known for its rapid urbanization and growing economy. While it may not surpass the richest city of India, Mumbai, it is still considered a significant economic hub. Traveling abroad from Pune to Switzerland, the most expensive country to visit from India, is a common aspiration for the affluent.

Though Leh, the highest city in India, claims elevation records, Pune’s real estate is climbing fast, with some areas reaching the highest land rates in India. This blend of modern development and historical charm makes Pune an attractive yet costly city to live in.

Locality	Price per Square Foot	Description
Koregaon Park	Rs. 12,569	An upscale residential area known for its green surroundings, luxury apartments, and proximity to business centers.
Kalyani Nagar	Rs. 11,117	A rapidly developing area with a mix of residential and commercial properties, popular among IT professionals.
Aundh	Rs. 83,961	Known for its modern infrastructure, shopping complexes, and high-end residential projects.
NIBM Road	Rs. 6,741	Offers a serene residential environment with good connectivity to major IT hubs.
Model Colony	Rs. 16,138	Centrally located with excellent amenities, making it a preferred choice for families and professionals.

Chennai

Chennai attracts people for IT and industrial jobs, resulting in rising home prices. Chennai, one of the most expensive cities to live in the world, stands out as a significant urban center in India. It ranks among the top 10 costliest cities in India, driven by its thriving economy, real estate prices, and growing infrastructure.

Despite its high living costs, Chennai still offers relatively more affordable options compared to some of its counterparts, making it accessible to a broader demographic. However, certain areas in Chennai are among the most expensive places in India, offering luxury living with premium amenities. The city’s unique balance between cost and quality of life makes it a distinctive choice for residents.

Locality	Price per Square Foot	Description
Adyar	Rs. 14,401	A prime residential area with lush greenery, reputed educational institutions, and close to the IT corridor.
Anna Nagar	Rs. 12,329	Known for its well-planned layout, shopping centers, and connectivity to key parts of the city.
Besant Nagar	Rs. 15,968	A coastal neighborhood popular for its scenic views, calm environment, and upscale residences.
Thiruvanmiyur	Rs. 11,753	Close to the IT hub of OMR, known for its residential appeal and easy access to the beach.
Mylapore	Rs. 14,873	A historic area with temples, cultural centers, and a mix of old and new residential properties.

Hyderabad

Hyderabad, often called the “City of Pearls,” is one of the fastest-growing metropolitan cities in India. Known for its rich heritage and modern infrastructure, Hyderabad has become a hub for IT industries and startups, making it an attractive destination for professionals. The city is home to several multinational companies, which has led to a significant rise in living costs, making it one of the more expensive Indian cities.

Despite the cost of living, Hyderabad retains its cultural charm, blending historical landmarks like the Charminar with vibrant urban development. With a growing real estate market, luxurious lifestyle options, and high-end amenities, the city’s economy is thriving, drawing people from across the globe.

Locality	Price per Square Foot	Description
Banjara Hills	Rs. 9,615	A prestigious locality known for its upscale residences, commercial complexes, and green spaces.
Jubilee Hills	Rs. 12,544	Home to celebrities and business tycoons, offering luxury living and excellent amenities.
Gachibowli	Rs. 9,328	A major IT hub with modern residential complexes and proximity to workplaces.
Hitech City	Rs. 10,079	Known for its tech parks, shopping malls, and high-end residential projects.
Manikonda	Rs. 6,175	A fast-developing area with affordable housing options and good connectivity to IT hubs.

---

Surat

Surat, located in the western state of Gujarat, is one of India’s fastest-growing cities, renowned for its textile and diamond industries. As a major economic hub, Surat’s bustling lifestyle and rapid urbanization make it one of the more expensive Indian cities to live in.

The city is famous for its diamond polishing industry, contributing significantly to the global diamond market. Additionally, Surat is often called the Silk City due to its historical association with the textile trade. With a rich blend of tradition and modernity, Surat continues to attract a growing population and increasing real estate prices.

Localities	Price per Square Foot	Description
Top Localities	Rs. 4,478 to Rs. 8,867	Known for its booming textile and diamond industry, offering a mix of affordable and luxurious residential options.

---

Ahmedabad

Ahmedabad, the largest city in the state of Gujarat, is a thriving economic hub known for its rich cultural heritage and modern development. As one of India’s fastest-growing cities, Ahmedabad boasts a strong industrial base, particularly in textiles and chemicals, contributing significantly to the country’s economy.

Its real estate market has seen rapid growth, making it one of the more expensive cities to live in within India. Ahmedabad is also known for its well-planned infrastructure, with excellent connectivity and urban amenities. Additionally, the city is steeped in history, featuring iconic landmarks such as the Sabarmati Ashram and exquisite Indo-Islamic architecture.

Locality	Price per Square Foot	Description
CG Road	Rs. 4,090	A prime commercial area with a blend of office spaces, retail outlets, and residential apartments.
Jagatpur	Rs. 4,714	A rapidly developing locality with modern residential projects and good connectivity.
Satellite City	Rs. 7,084	Known for its upscale residential complexes, shopping malls, and excellent infrastructure.
SG Highway	Rs. 5,518	A major artery connecting key areas, with numerous residential and commercial developments.
Thaltej	Rs. 7,320	A sought-after residential area with premium housing projects and proximity to business hubs.

---

Jaipur

Jaipur, the capital city of Rajasthan, is known as the “Pink City” due to the distinctive color of its buildings. Rich in history and culture, it is home to stunning palaces, forts, and temples, including the famous Amber Fort, City Palace, and Hawa Mahal. A growing urban hub, Jaipur blends traditional charm with modern amenities, making it a popular tourist destination as well as a significant center for commerce and industry.

Its well-planned infrastructure, cultural heritage, and vibrant markets contribute to its reputation as one of the more expensive cities in India. Additionally, Jaipur is an emerging hub for education and technology.

Localities	Price per Square Foot	Description
Top Localities	Rs. 2,762 to Rs. 8,441	Famous for its rich cultural heritage, tourism, and emerging IT industry, offering a range of residential options.

---

Conclusion

Buying a In recent years, Indian cities like Mumbai, Delhi, and Bengaluru have become some of the most expensive places to live in the country. Rapid urbanization, booming real estate prices, and high demand for infrastructure have driven up the cost of living. While these cities offer great job opportunities and a high quality of life.

For those seeking to purchase a home in these costly urban areas, Credit Dharma offers some of the best home loan options tailored to meet individual needs. With expert advice, it ensures you make informed decisions in navigating the complexities of real estate.

---

Frequently Asked Questions