Mumbai vs Delhi: Living Expenses & Real Estate Prices
Mumbai vs Delhi Living Expenses- There has always been much discussion between Mumbai and Delhi, particularly if you want to move to a metro area. Each of these two cities is unique in its appeal and challenges. One is referred to as the “Dilli Dilwalon Ki,” while the other is called the “City that Never Sleeps.”
Mumbai is one of the most popular cities for people to settle in, given that most people desire to do so. Delhi is at second place, closely followed by Hyderabad and Chennai.
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It is frequently stated that Delhi has an average cost of living that is 40% lower than Mumbai’s. The purpose of the essay is to provide a thorough comparison of the cost of living in Delhi and Mumbai. This comparison between Delhi and Mumbai will assist you in determining which city is best for you to settle down in.
People move to these locations because they both claim a plethora of job prospects. Nonetheless, a few factors come into play when comparing the cost of living in Delhi versus Mumbai. Among them are:
- Salary
- Property type (partnership, rented, owned)
- Food expenses
- Bachelor or a family
- Overhead Expenses (internet bill, electricity bill, gas, etc.)
- Utilities
- Lifestyle
Mumbai vs Delhi’s Living Cost Comparison
When comparing the cost of living in Mumbai and Delhi, one must take into account the rental and purchase prices of real estate, as well as the municipal facilities, infrastructure, business, and jobs.
There are a few central, more expensive parts of both cities. For example, in Delhi, the Central and Southern areas are more expensive than the Eastern & Northern areas. Similar to this, you may have to pay a fortune in Mumbai’s Juhu, Malabar Hill, & Bandra West neighbourhoods.
Mumbai’s versus Delhi’s Cost of Living for Couples
For a working couple, the monthly cost of living in Mumbai might vary from Rs. 40,000 to Rs. 70,000. This is a general estimate that may vary depending on the rental property’s price. The starting point for real estate investments is more than Rs 65 lakhs.
Other expenses that you will incur include
- Electricity bills
- Transport costs
- Food costs
- Maintenance
- Internet bills
- Water bills
In a similar vein, working couples’ costs of living in Delhi vary from Rs. 25,000 to Rs. 50,000,000. Once more, the rental costs and the neighbourhood you live in will determine your actual living expenses.
Mumbai vs Delhi Real Estate Prices
Because of the population influx in both cities, renting properties is fairly prevalent. The rentals in the residential neighbourhoods vary based on the employment possibilities and the offices’ locations. The rental prices of locations close to technology hubs and offices are marginally higher than those of farther away.
Mumbai Real Estate Prices
Flats in Mumbai can be rented for anything from Rs 29,996 to Rs 2.3 lakhs. This is particularly valid for one to five-bedroom apartments. When it comes to renting costs, some of the more reasonable locations include
Should you want to buy a house in Mumbai, the prices of 1 to 5 BHK properties will range from Rs 65.8 Lakhs to Rs 7 Crores. Some of Mumbai’s most sought-after neighbourhoods for flat purchases
- Andheri-Jogeshwari West
- Andheri-Jogeshwari East
- Malad-Kandivali
- Borivali-Dahisar
- Beyond Mira Road
Delhi’s Real Estate Prices
Delhi has relatively cheaper real estate costs than Mumbai. The pricing range for rental properties in Delhi, particularly flats, is between Rs 11,000 and Rs 1 Lakh. The majority of the residences in the pricing range are 1 to 5 BHK. Several of the most well-liked locations for reasonably priced rental homes are
- Laxmi Nagar
- Katwaria Sarai and areas around it
- Dwarka
- Lajpat Nagar
- Rohini
Depending on the location, the rental costs are divided into three categories: luxury, mid-segment, and under-budget. There are rents available for 1 BHK for up to Rs 15,000 in the budgetary sector.
There are mainly 2 BHK flats available in the mid-segment class. These will cost between Rs 18,000 and Rs 30,000. The rental price range for premium properties is between Rs 28,000 and Rs 50,000.
The pricing range for investing in real estate in Delhi is between Rs 50 Lakhs and Rs 6.5 Crores. In particular, the multistory apartments cost between Rs 80 Lakhs and Rs 2 Crore.
Among the most reasonably priced neighbourhoods in Delhi to purchase real estate are
- Laxmi Nagar
- Janakpuri
- Dwarka
- Rohini
Transport Comparison between Delhi and Mumbai
Delhi and Mumbai both have a robust transport system. There is very little difference in the cost of travelling between Delhi and Mumbai.
Mumbai’s transport system
The transit system has excellent connections throughout the city. There are several ways to get about Mumbai: metro, bus, car, cab, and local trains.
- Mumbai Suburban Railway is a well-connected local train network that residents can use to go about.
- Local train travel is quite reasonably priced. For those who are willing to pay a little bit more, special coaches are also offered.
- Local train travel costs vary depending on the distance travelled, from Rs 5 to Rs 50.
- Monthly travel passes for trains range in price from Rs 800 to Rs 1200.
- Autos in the city only drive short distances.
- The cost of a metro journey can range from Rs 10 to Rs 60.
- Bus fares range from Rs 5 to Rs 30 for both AC and non-AC travel.
Delhi’s transport system
Delhi is well-known for its public transport, particularly the Delhi metro and bus systems. The following are the salient features of Delhi’s transport fees:
- In Delhi, female passengers can travel for free on buses.
- The cost of a metro ticket starts at Rs. 10 and can go up to Rs. 60, depending on the distance.
- Bus rates range from Rs 5 to Rs 20 for non-A/C buses and Rs 10 to Rs 50 for AC buses, respectively.
- Travellers can also choose between smart cards and passes. The same cards can be used for metro and bus transportation.
Utility Bill Cost Comparison: Mumbai vs Delhi
Delhi’s utility bills will be somewhat less than Mumbai’s when comparing the two cities’ utility bills. The utility bills include of items like
- Water charges
- Garbage collection
- Electricity charges
- Sewage charges
For the month of Delhi, the typical utility expenses range from Rs 1000 to Rs 2000, excluding electricity. In the meanwhile, Mumbai will pay between Rs. 1500 and Rs. 3000 per month (not including energy).
Conclusion on Cost of Living in Delhi vs Mumbai
The comparison of Mumbai and Delhi’s cost of living above shows that each city has advantages over the other. Both in terms of utility costs and real estate values, there are some clear disparities.
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