Mumbai Retains Its Position as India's Most Expensive City for Expats
Mumbai has surged six places to become the 21st most expensive city in Asia for expats, with Delhi following closely after.
MumbaiExpatsCost Of LivingIndiaEconomyMercerSurvey ReportReal Estate MumbaiJun 17, 2024
The report, conducted by Mercer, found that India had shown considerable resilience amid economic challenges. The country's economy has expanded significantly, fueled primarily by domestic demand and a strong services sector. Factors such as more employment, a growing middle class, and overall economic growth have all had a favourable impact on India's cost of living.
Despite Mumbai's rise in rankings, the overall affordability of Indian cities remains a key advantage for multinational organisations or Indian companies looking to attract global talent. On a global scale, Hong Kong has once again been declared the most expensive place to live. Mumbai has risen 11 places to 136th on the worldwide rankings.
Other Indian cities that are on the list are Chennai, Bengaluru, Hyderabad, Pune, and Kolkata. New Delhi ranked 164 after rising by four spots, while Chennai dropped five spots and is ranked at 189. Bengaluru dropped six spots and ranks at 195. Hyderabad remained stable at 202, but both Pune and Kolkata rose by eight and four spots respectively and rank 205 and 207 respectively.
Mumbai and Pune are the most expensive cities in India in terms of energy and utility expenses. According to Rahul Sharma, Mercer's India Mobility leader, 'Our thriving economy, fuelled by domestic demand and a robust services sector, offers a stable environment for global talent.'
Frequently Asked Questions
Which city has retained its position as India's most expensive city for expats?
Mumbai
What is the ranking of Mumbai in terms of expat cost of living in Asia?
21st
Which city has been declared the most expensive place to live globally?
Hong Kong
What are the factors that have contributed to India's cost of living?
More employment, growing middle class, and overall economic growth
Which cities are the most expensive in India in terms of energy and utility expenses?
Mumbai and Pune
Related News Articles
Gurugram's Luxury Housing Boom: Ganga Realty Invests ₹1200 Crore in Anantam Project
Ganga Realty's luxury housing project, Anantam, in Gurugram is expected to generate ₹2000 crore in revenue and features 3 and 4 BHK apartments with advanced technologies.
Cabinet Approves Pune Metro Phase 1 Extension for Rs.29.54 Bn
The Union Cabinet has approved the extension of Pune Metro Phase 1, which will cover a distance of 23.3 km and cost Rs.29.54 billion.
Unlocking the Potential of Bajaj Housing Finance IPO with a Single Click
Discover how Bajaj Housing Finance's impressive AUM and market leadership make it an attractive IPO opportunity. Learn more about the one-click IPO feature that simplifies the investment process.
IBLA 2024: DLF's KP Singh: A Legend in the Real Estate Industry
Under KP Singh's guidance, DLF has transformed into a real estate juggernaut with a market capitalization of ₹2,10,426 crore and revenues of ₹6,958 crore. His visionary leadership has set new benchmarks in the industry.
From ₹5000 Crore to ₹10000 Crore: Unpacking Awfis's True Potential
Sometimes, you find yourself drawn to certain companies even before they hit the stock market. For me, Awfis is one of them, and here's why.
Vivek Anand Oberoi: A Visionary Redefining Luxury Real Estate
Vivek Anand Oberoi, a multifaceted entrepreneur, is making waves in the luxury real estate market. Discover how his innovative approach is transforming the industry.