Indian metropolitan cities like Delhi and Mumbai both provide rich lifestyles and superior social infrastructure. Living in these cities is like a dream for any person with a quality living experience and luxury. Check out this article about Delhi vs Mumbai comparison to know about the requirements to list before investing in a property if you intend to buy a home in one of these cities.
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Delhi vs Mumbai For Buying Property
Delhi and Mumbai, both are well-developed metro cities which offer the best quality lifestyle and great infrastructure.
On one hand, Delhi is a Capital city which has great historical significance with the Red fort, the Taj Mahal, the Lotus temple and much more.
On another hand, Mumbai has historic and cultural structures, stunningly modern high rises, and architecture with an old-world charm.
Before investing in these cities, it’s crucial to understand all the criteria for purchasing a home.
If you’re unsure where to invest or where to buy between Delhi and Mumbai then the following points will provide an evaluation of all the parameters.
Property Rates In Delhi vs Property Rates In Mumbai
Property Rates in Delhi
Delhi is a Union Territory and the capital of India. Delhi is the metro city and the commuter place for the towns of Ghaziabad, Faridabad, Gurgaon, and Noida in the National Capital Region (NCR).
According to recent reports, the average price per square ft for flats in Delhi in June 2023 was Rs 8,742. The tariffs have risen since the lockdown was lifted in October 2021.
The development of luxury residential projects and the abundance of choices available to individuals are the primary causes of Delhi’s rising housing prices.
Property Rates in Mumbai
Mumbai is the financial as well as the entertainment capital of India. In a huge metropolis like Mumbai, there is always a need for newer and better residential and commercial real estate.
Millions of individuals relocate to cities every year in search of better jobs, schools, and social opportunities.
The average price per sq ft in apartments in Mumbai was Rs 17,998 in June 2023. There has been a steep increase in the average price since March 2023.
The main reason behind the increase in the average price per sq ft is the constantly increasing demand for accommodations in Mumbai.
Also, check out Property Rates in Mumbai 2024- Complete Overview
Infrastructure – Delhi vs Mumbai
Infrastructure in Delhi
Delhi has witnessed major infrastructural changes in the city over the past few years. This has also helped in increasing economic growth.
A few of the infrastructure developments of Delhi in recent years are the following:
- Barapullah Elevated Corridor Project (Phase III)
- Rajasthan Udyog Nagar Project
- Development of the Delhi-Meerut Expressway a length of 8.7 Km in Delhi
- Solid Waste Management Project (Shahdara)
- Water Supply Improvement Scheme
Infrastructure in Mumbai
According to the current scenario, Mumbai is going through an infrastructure boom. This city always had an exemplary infrastructure
The infrastructural initiatives go beyond just the boundaries of the city.
Mumbai is developing the Mumbai Metropolitan Region since they have connectivity to the micro-markets of Thane, Navi Mumbai, and Palava, Mumbai’s satellite cities.
Few infrastructure developments in Mumbai:
- Delhi Mumbai Industrial Corridor
- Mumbai Ahmedabad High-Speed Rail
- Mumbai Ahmedabad Bullet Train Corridor
Connectivity – Delhi vs Mumbai
Connectivity in Delhi
Delhi is expected to become one of the cities in future with minimum red lights. The infrastructure is developed in a way to reduce traffic issues significantly.
The transport system of Delhi includes metro rail, airports, railways, and roadways.
Delhi metro is known as the lifeline of the city as it is a well-equipped transport system with hi-tech properties. It is recognised all over the world.
Delhi has a well-maintained National Expressway and Highways which connect to other states.
Also, check out Pink Line Metro Route In Delhi: Status, Map, & Stations
Connectivity in Mumbai
The main reason behind the constant connectivity development is to reduce the commute timing and challenges for travellers in Mumbai.
The upcoming Navi Mumbai International Airport will improve connectivity with employment opportunities for the region.
Also, check out Navi Mumbai Metro Line- Route, Map, Fare, and Latest News
Real Estate Projects In Delhi vs Mumbai Comparison
Real Estate Projects In Delhi,
Many well-known developers have developed their projects like DLF Limited, Raheja Developers, DGR Homes, Adarsh Homes, Ashiana Housing, and many more.
Names of a few of the well-known buildings are DLF Capital Greens Phase 1 and 2, Karampura, Raheja Vanya, Sec-99A, Aravalli Apartment, Mandi Estate, Project in Guru Guru Hari Kisan Nagar, etc.
Also, check out the Top 10 Posh Areas In Delhi For Buying Property In 2024
Real Estate Projects In Mumbai
Mumbai has seen a lot of residential and commercial developments in the past decade. Name of the few well-known developers in Mumbai are Sheth Creators, L&T Realty, Rustomjee Group, Piramal Realty and many others.
Names of a few of the well-known buildings are Godrej Horizon, Lodha Aura, Wadhwa Wise City, Kalpataru Srishti, Sheth Vasant Oasis, etc.
Return On Investment – Delhi vs Mumbai
Return On Investment in Delhi
There are many emerging locations in Delhi which are going to provide the best return on investment along with the older places in this city.
Neb Sarai, Dwarka Mor, Chattarpur, Uttam Nagar, and Tilak Nagar are a few of the places which provide the best return on investment.
The average price of a property in Delhi is Rs 6.42 crore. The price trend in Delhi is moving upward, hence, it is the best time for you to invest in Delhi properties.
Return On Investment Mumbai
Considering the layout, location, and demand, real estate in Mumbai will offer a great ROI to investors.
During the 1st quarter of 2023, the aggregate real estate sales increased by 49% as a result of a 70% increase in property registrations.
The main reason behind this is that Mumbai has a diverse range of options for accommodation. There is a great opportunity in Mumbai that the real estate price will increase.
Also, check out How To Invest In Real Estate In India
FAQs
| Q1: Which is the best area, Delhi or Mumbai?
Ans: Delhi and Mumbai both have improved infrastructure and great ROI areas. |
| Q2: Is Delhi richer than Mumbai?
Ans: The cost of living in Mumbai is more compared to Delhi because accommodation costs, transport costs, grocery, etc costs are more in Mumbai compared to Delhi. |
| Q3: Is Mumbai a good place to invest in real estate?
Ans: Delhi and Mumbai, both are good places to invest in real estate because you can get a great ROI on your investment. |
| Q4: Is Delhi a good place to invest?
Ans: Delhi is an excellent area to invest in because there are many different lodging options available, and the city’s infrastructure and connectivity are both extremely practical. |
