Gurugram, the new age urban city of India is a leading financial and industrial hub with the third highest per capita income in India. Located 30 km to the south of New Delhi, this ‘satellite city’ was originally known as Gurgaon. It is one of Delhi’s major satellite cities and is a part of the National Capital Region. The city’s economic growth story started when the Indian automobile manufacturer Maruti Suzuki India built a manufacturing plant in Gurgaon in the 1970s. Since then, the city has only seen modernization and growth, be it in terms of jobs, infrastructure or other amenities. Today, the city boasts local offices of more than 250 of the Fortune 500 companies.
So, if you are thinking of relocating to the city you will find it easy to mingle with the cosmopolitan crowd, who share the same craziness of Dilli. Naturally, it boasts of many pubs, clubs and world-class restaurants and has a unique blend of cultures from different parts of the country. Popularly known as the “Cyber Hub City”, it has a lot to offer you to make your life happening and amazing but at the same time, it has steeply rising cost of living and frequent power cuts which might stress you for once. The cost of living index of the city is 10.54% higher than Bangalore, as per the Numbeo report.
So, if Gurugram is your next stop, you have come to the right place to help you in making decisions about the costs. Let us now talk in detail about the various subheads of the cost you need to take care while you are in the city :
1. Housing :
Gurugram is one of the costliest cities to live in India so you need to hunt houses extensively before shifting to a place. Firstly, list down your budget, the area you want to live in and more importantly, the distance you are willing to commute every day. Now decide the type of accommodation and then check other amenities you want. You have many options to choose from, such as a PG or renting an apartment. Here is a detailed breakup of the costs of different types of accommodation for you to choose from.
Accommodation wise :
|Type||Level of Furnishing||Average Range of Rent|
The Security Deposit completely varies depending on the type of accommodation. There are very few places that may not ask you for any deposit. Generally, for a PG it is a minimum of 2 months rent. For apartments, the security deposit can rise higher up to ₹2 lakhs depending on the type of accommodation and the floor area.
Once you have zeroed down the area and type of accommodation, check the housing conditions, rental terms, security and locality before locking down anything. You can be prepared beforehand about the places you would want to hunt by posting or replying in facebook groups made specifically for house hunting like Flats and Flatmates (Gurugram), Flats and Flatmates (Gurgaon) to name a few. You can also check many online websites and apps which provide rental housing options like Nestaway, NoBroker, etc.
2. Furnishing :
Once you move to a new house, the immediate concern is furnishing it. You can opt for unfurnished/ semi furnished houses to save on the monthly rent. The semi-furnished 2BHK homes start at a rate anywhere between ₹20K-25K and furnished homes can be really costly. You can save a lot by furnishing your place by renting the goods by yourself. There are many online spaces that deal with the same. You can check our website GrabOnRent to rent anything from furniture, home appliances, electronics to fitness products at good rental deals.
Let’s calculate the cost for you :
Suppose your monthly rent is ₹20K. Now you rent from GrabOnRent within an average range of ₹1000-2000. So, the total cost per month comes to ₹21K-22K. Even this can be divided among your flatmates if the sharing is between 2, the cost per head can ₹10.5K+
On the other hand, if you go for buying the products, EMI may sound like a small investment but it has much longer commitments. Also, if you go for a well-furnished place, add an extra ₹10K-15K. Now you can make a calculated decision by yourself and understand why renting is a much better and smarter option for you. You can save a huge amount without any worry about moving furniture, appliances if you happen to relocate which otherwise could be a disastrous situation to manage while being bound by EMIs.
3. Utility expenses :
Summers are really hot and humid here plus the frequent power cuts add to the mounting woes. So, the electricity bills go up especially during that time to ₹1,500-3,000 per month with an extra cost for power generators and inverters. Other than this additional costs on gas, heating can make the average total bill to ₹3,000-4,000 per month. If you share these expenses with someone you can manage these bills at ₹1,500-2,000 per month, depending upon usage.
4.Food and Grocery expenses :
Gurugram is a city beaming with good food joints, fancy restaurants, and world-class eateries. It is a foodie haven with street joints like Sardar Bazaar, Huda Market to name a few. Park a cost of ₹1000-2000 a month for trying such delicacies. Other than this, if you stay in a PG, mostly your rent will cover your everyday food expenses. If you are staying on your own in an apartment, you can either cook by yourself or hire a maid for cooking and cleaning. If you opt for it, grocery bills will cost around ₹2000-3000 per month, while a maid would cost you ₹2000-4000 per month. Overall your food expenses can go up to ₹2,000-4,000 if you share it with another person.
5. Transportation Costs :
Transportation is one of the biggest worries in the city. Most of the people travel via private vehicles as public transportation is not well connected. The city bus services started a few years back but the frequency is still low. Although, the city is well connected to the Delhi Metro making it easy to travel to and fro Delhi while the Gurugram Rapid Metro serves the city and acts as feeder link to the Delhi metro. Other than these, the shared autos and private cabs are always an option for local commute. You need to check the options carefully as these aren’t inexpensive and readily available throughout the day. The average monthly expense is ₹3,000 to 4,000. If you use public transport daily in Gurugram, the average monthly cost would be ₹3000, for CNG cars ₹ 2K- 3K and if you are commuting by bike or scooter it will cost you ₹ 1000 to 1500 per month.
6. Entertainment Expenses :
The city of Gurgaon is a place beaming with many promising attractions like the Kingdom Of Dreams, Appu Ghar Water Park and others. Other than this, the cosmopolitan crowd of Gurgaon enjoys at clubs, bars, discos, movie theatres and other places every now and then. So, one should keep aside average expenses between ₹2,000 to 5,000 per month for such leisure time. These costs are completely an individual’s choice and it varies greatly from person to person.
Now that we have analyzed the different expenses, lets now calculate the minimum range which a single individual needs to survive in Gurugram in a 2BHK if it’s shared with another person :
|Food and Grocery Expenses||₹2000-5000|
Gurugram has immense opportunities but the cost of living index is much higher than other metropolitan cities. Nothing is impossible, with good research and smart planning you can survive in a city like Gurugram without having to worry about your savings.
Just some pro tips now that you can keep in mind :
- Use Google maps for directions and travelling.
- Download an expense tracker app to keep a tab on expenses and plan your daily, weekly and monthly expenses
- Keep applications like Uber/Ola, Payment Android/ iOS apps, etc to be better prepared for any contingency.
- Keep track of your safety and always be aware as the crime rate is high in the city.
We understand that a new city can be exciting and intimidating at the same time and hence we believe that you might take a little while to adjust to the fast life but that’s how every new place is. But you can manage between ₹20-30K if you share your accommodation with someone. And for renting furniture and appliances, you can visit us for the best deals and offers.
GrabOnRent is a Bangalore-based product rental startup. Visit our website or download the app and browse through our wide selection Visit us now!