Even a few decades ago, there was only a huge real estate demand in only the big cities of India, but with time that has changed a lot. If you look at the real estate market of today then you’ll notice that home buyers and renters are also opting for flats to rent in Noida, Pune, Gurgaon, or other cities.
One of the main reasons behind this change is the dense population in other big cities like Delhi, Mumbai, and Kolkata. For years at this point, people from all parts of India and the world have majorly moved to these cities for better career opportunities. But that has resulted in making the real estate market extremely expensive and crowded.
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Moreover, even the big companies of the world have also opened their branches in these cities which makes it more reasonable and convenient for individuals to move into these cities. This is because, now these cities offer the same career opportunity as the other ones.
So, automatically today many individuals are moving to cities like Noida, which offer them the same career opportunities while providing them with many options for accommodation that too on a budget. Moreover, the real estate market of Noida is flooded with many well-equipped, excellently build rental flat options for individuals who are moving to this city with an aim to acquire better career opportunities.
Now the cost of living in Noida is primarily low, but it can depend on where you are living, and if you are living alone, with a flatmate, or with your family. But first, understand what the heads of expenses which are pretty much the same for everyone.
- Cost of accommodation – May whichever city of India you choose to live in, one cost that always takes up most of your expense is rent. Now, rent is something that depends on majorly two things, the area in which your flat is situated and the size of your apartment, and that is the same in the case of rent in Noida. If you choose to rent a flat in the posh areas of Noida then your rent will range somewhere around Rs.25,000 to 90,000 and it can go down to as low as Rs.4,000 if you pick a property in the affordable areas of the city. But one thing that you should keep in mind is this cost of Rs.4,000 is applicable if you are living alone, it can be around Rs.10,000 to 15,000 if you are living as a couple or with your family as then you will need a larger space.
- Cost of buying food – After accommodation, food is the second thing that is a basic expense of your entire stay. There are many groceries stores in Noida and the monthly cost of groceries can range from somewhere between Rs.1,000 to 7,000 depending on what you are buying and how many people you are buying for. Now if you plan to cook your own meals then there’s no additional cost but if you plan to hire a cook then it can cost you somewhere around Rs.1,000 to 5,000. Pro tip: if you are trying to live on a tight budget then we will recommend you to cook your own meals and restrict your online food orders as much as you can.
- Cost of transportation – From buses to metros and from cabs to autos, the options for transportation in Noida are huge. Out of all these traveling in local buses will be the most affordable and convenient option if you are trying to live on a budget. Whereas, cab services like taxis, Ola, and Uber are comfortable but a bit more expensive. Moreover, your transportation cost also depends on the distance you are traveling every day, the closer you live to your workplace, the lower will be your transportation cost.
- Cost of education – If you are living with your family then it is quite natural that you will seek options for schools and colleges for your children. Well, the good thing is there are many options for education centers in Noida, cost of annual tuition of schools and colleges in Noida may range from somewhere around Rs.72,000 to 4,00,000. Whereas, for kindergarten, it can be from somewhere around Rs.5,000 to 1,20,000.
- Cost of entertainment – Entertainment is an integral part of living thus it is extremely important. It is kinda tough to give an estimation of one’s entertainment cost as it is extremely subjective, but there are many options in Noida where one can spend their leisure time. Some of the options are gaming parks, malls, movie theatres, amusement parks, clubs, and restaurants.
Final Takeaway
If you are planning to get a rental flat in Noida, then apart from knowing about the cost of living in the city you can also check NoBroker.in for the available options of rental flats. Apart from that, we hope that this blog will help you in understanding the several heads of expenses that will form your entire cost of living and provide you with all the necessary information before you move to Noida.
