Top 10 Richest Cities in India: With GDP and Ranking 2024

Are you curious about which cities in India boast unparalleled wealth and prosperity? Ever wondered what makes these urban gems stand out in the vast sea of Indian metropolises? Let’s embark on an exciting expedition through India’s top 10 richest cities and unravel the secrets behind their remarkable growth stories.

Let’s dive deep to understand the economic prowess of these thriving cities, uncovering the factors that have propelled them to the zenith of success. We’ll also understand the criteria used to rank these cities, peppering our journey with fascinating facts and figures demonstrating their impressive achievements.

List Of Top 10 Richest Cities in India 2024

Discover the top 10 richest cities in India for 2024. Each city displays wealth, economic strength and lively lifestyles. These cities lead in business, technology, and infrastructure. Let’s explore these wealthy urban cities in detail.  

City	GDP (in $)
Mumbai	310 billion
Delhi	293.6 billion
Kolkata	150 billion
Bengaluru	110 billion
Chennai	66 billion
Hyderabad	58 billion
Pune	55 billion
Ahmedabad	47 billion
Surat	45 billion
Visakhapatnam	40 billion

Top 10 Richest Cities in India (Updated List 2024)

With the criteria mentioned above in mind, let's unveil the top 10 wealthiest cities in India.

1. Mumbai, Maharashtra - $310 Billion

Mumbai ranks first among the top 10 richest cities in India in 2024. It is the financial capital and home to the Bombay and the National Stock Exchange. Mumbai has the highest GDP in India, with $310 billion, contributing notably to the nation’s economy.

Mumbai has a population of around 20.5 million. Its key industries are finance, Bollywood, IT, and manufacturing. The real estate market of Mumbai offers many investment options, although the costs are also high. Around 10 years ago, the price of a square foot of land was around ₹15,000 to ₹18,000, which at present is around ₹18,708, showing moderate growth in the prices. 

Mumbai is defined by several famous landmarks, including Marine Drive and the Gateway of India. Lavish neighbourhoods like Malabar Hill and Bandra and luxurious housing societies like Antilia highlight its wealth. The city features luxury shopping malls like Palladium and High Street Phoenix. Exclusive clubs like Trilogy and Kitty Su and high-end restaurants cater to the elite, reflecting Mumbai’s luxury and sophistication. 

2. Delhi - $293.6 Billion

Delhi ranks second among India’s richest cities. The GDP of the city is $293.6 billion. Delhi offers many retail, IT, and tourism job options. The population is estimated to be around 19.8 million. The key industries include government, politics, and international trade.

Delhi is known for its unique blend of history and modernity. It has famous and popular monuments like the Qutub Minar and Red Fort. It is also popular for its skyscrapers and a busy metro system. Luxurious areas such as Lutyen’s Delhi and Golf Links showcase their wealth. It has several high-end malls, like DLF Emporio and Select CityWalk, which cater to luxury shoppers. On the other hand, clubs like Privee and Playboy Club offer glamorous nightlife. The city’s fine dining scene reflects its cultural diversity. 

Real estate investment opportunities in Delhi are moderate, with chances for growth, but certain regulations limit them. Ten years ago, land per square foot was around ₹3,500 to ₹4,500. Now, it stands somewhere around ₹4,666, which shows that prices are relatively stable. Delhi's luxurious lifestyle and economic strength make it a top contender among India's top 5 richest cities. 

3. Kolkata, West Bengal - $150 Billion

Kolkata is the third richest city in India, with a GDP of $150 billion. It is known as the cultural capital of India. Many people find jobs in factories, IT and schools. About 14.8 million people live in Kolkata.

Kolkata mixes old and new. You can see the Victoria Memorial and Howrah Bridge. These are famous places. Rich people live in Alipore and Ballygunge. The city has famous fashion designers like Sabyasachi Mukherjee and Anamika Khanna.

There are fancy malls like Quest and South City Mall. They have expensive stores. People enjoy going to clubs like Tantra and Roxy at night. Buying land in Kolkata is getting more expensive. Ten years ago, it cost ₹4,500 to ₹5,000 per square foot. Now, it costs ₹5,570. This means prices have gone up. Kolkata’s mix of culture and new things makes it one of India’s top 10 richest cities.

4. Bangalore, Karnataka - $110 Billion

Bengaluru is a rich city in India with a GDP of $110 billion. About 12.7 million people live and work here. Bengaluru has many trees and tall buildings. The weather is nice, and there are fun things to do at night. Places like Indiranagar and Koramangala have nice homes. UB City and Phoenix Marketcity are big shopping centres.

People go to clubs like Skyee and XU at night to have fun. You can also go to spas to relax. Buying land in Bengaluru can be good. Ten years ago, the price was ₹3,000 to ₹4,000 per square foot. Now, it is around ₹4,666 per square foot. Bengaluru has a good life, many tech jobs and a special charm. This makes it one of the richest cities in India.

5. Chennai, Tamilnadu - $66 Billion

Chennai, the enchanting capital of Tamil Nadu, boasts a GDP of $66 billion and contributes 1.12% to India's GDP. The city's per capita income is approximately $3,000. As an important economic centre, Chennai thrives on its automotive, information technology, and healthcare industries, creating abundant job opportunities for skilled professionals.

Rich in cultural heritage, Chennai takes pride in its timeless temples and vibrant traditional music and dance scene. The city is home to several celebrities, including film stars Rajinikanth and Kamal Haasan, who reside in opulent villas in luxurious neighbourhoods like Boat Club and Poes Garden. These upscale areas offer lavish living spaces for Chennai's elite, exuding sophistication and exclusivity.

High-end malls such as Phoenix MarketCity and Express Avenue bring Chennai's luxury shopping scene to life, where the city's affluent residents can indulge in premium retail experiences. In addition, exclusive clubs like Chip Stead and Blend offer glamorous nightlife for Chennai's high society, catering to their refined tastes.

The city's culinary landscape is a haven for food connoisseurs, with numerous fine-dining establishments serving delectable gourmet dishes worldwide. As this enchanting metropolis continues to prosper, its dazzling future will undoubtedly hold countless marvels yet to be discovered.

6. Hyderabad, Telangana - $58 Billion

Hyderabad ranks sixth among India’s wealthiest cities, with a GDP of $58 billion. Known as the City of Pearls, it is a significant hub for the information technology, biotechnology, and pharmaceutical industries and offers diverse job opportunities. The city has an estimated population of 10 million. 

The city is known for its historical landmarks, such as the Charminar and the Golconda Fort. Upscale residential areas like Jubilee Hills and Banjara Hills highlight Hyderabad’s luxury living. Luxury shopping malls like GVK One and Inorbit Mall attract affluent shoppers.

Exclusive clubs like Aqua and Kismet cater to the city's elite, who enjoy a refined lifestyle. Hyderabad's culinary scene includes top-notch restaurants and five-star hotels where residents and visitors can enjoy delectable experiences.

Real estate investment opportunities in Hyderabad are high, with growth potential. However, infrastructural development is needed in the city. Ten years ago, the estimated sq. ft. rate of the land was around ₹3,500 to ₹4,500, whereas the current rate is around ₹5,250, showing a steady rate. As Hyderabad continues to grow, it solidifies among the wealthiest cities in India. 

7. Pune, Maharashtra - $55 Billion

Pune ranks seventh among India’s richest cities, with a GDP of $55 billion. Known as the “Oxford of the East”, Pune is an educational hub and a powerhouse for automotive and information technology industries, attracting ambitious professionals seeking prosperous careers. The city has an estimated population of 8.5 million.

Pune’s rich cultural heritage melds seamlessly with its contemporary vibe. Luxurious residential enclaves like Koregaon Park and Kalyani Nagar reflect the refined tastes of Pune’s elite. High-end shopping malls such as Phoenix MarketCity and The Pavillion offer a luxurious retail experience.

Pune’s nightlife glitters with exclusive clubs like Miami and Penthouse. The city’s gastronomic landscape features top-notch restaurants and five-star hotels serving delectable gourmet creations. Real estate investment opportunities in Pune are moderate, with growth potential but limited land availability. The per square foot rate is $7,000, compared to $4,500 to $5,500 ten years ago, indicating increased affordability over time. Pune’s elegant lifestyle and thriving industries secure its place among India's top 10 richest cities.

8. Ahmedabad, Gujrat - $47 Billion

Ahmedabad ranks eighth among India’s richest cities, with a GDP of $47 billion. It is a hub of textile, pharmaceutical, and chemical industries, offering many job opportunities. The city has an estimated population of 7.2 million. 

Known for its architectural marvels, Ahmedabad features landmarks such as the Sabarmati Ashram and the Adalaj Stepwell. Upscale residential areas like Prahlad Nagar and Bodakdev highlight the city’s luxury living. High-end shopping malls like AlphaOne and Ahmedabad One cater to affluent shoppers. 

Exclusive clubs such as Cyclone and Neelkanth Patang provide refined lifestyle experiences for the city’s elite. Ahmedabad’s culinary scene offers a variety of fine dining establishments where residents can savour exquisite cuisines. Real estate investment opportunities in Ahmedabad are moderate, with potential for capital appreciation but also for developing infrastructure. The per square foot rate is ₹3,500, compared to ₹2,000 to ₹3,000 ten years ago, indicating slower growth. Ahmedabad’s mix of industry and culture solidifies its position among India’s top 10 richest cities.

9. Surat, Gujrat - $45 Billion

Surat ranks ninth among India’s richest cities, with a GDP of $45 billion. Known as the “Diamond City of India,” it is famous for its diamond cutting, polishing, and textile industries. The city has an estimated population of 6.7 million.

Surat features luxurious residential areas like Vesu and Pal, high-end shopping malls like VR Surat and RR Mall, and exclusive clubs like The Hangout and The Arena. Real estate investment opportunities are moderate, with growth potential but concerns about congestion. The per square football rate is ₹3,250, up from ₹2,000 to ₹3,000 ten years ago.

10. Visakhapatnam, Andhra Pradesh - $40 Billion

Visakhapatnam, or Vizag, ranks tenth among India’s richest cities, with a GDP of $40 billion. Known for its steel, petroleum, and IT sectors.

Vizag features picturesque beaches like Rama Krishna Beach, upscale areas like MVP Colony, and luxury malls like CMR Central. Exclusive clubs like Chrome cater to the elite, while fine-dining establishments offer gourmet experiences. Real estate opportunities are moderate, with current rates at ₹4,000 per square foot, up from ₹2,500 to ₹3,500 ten years ago.

Criteria for Ranking Cities by Richness

Several factors must be considered when assessing a city's wealth and prosperity. A comprehensive understanding of these factors helps us gain insights into a city's economic prowess and growth potential. In this section, we will discuss some of the most important criteria used to rank the richest cities in India.

Gross Domestic Product

GDP is a vital economic indicator that measures the financial value of all the goods and services produced by a region over a specific period. It is essential for gauging a city’s economic strength, productivity, and development. A high GDP reflects a strong economy, making it a critical factor for ranking cities by wealth.

Per Capita Income

Per capita income is another crucial indicator representing the average income earned by each individual in a city. It helps measure a city's population's standard of living and overall well-being. 

Cities with higher per capita income generally offer better living standards, access to quality education and healthcare, and a higher quality of life, all of which contribute to a city's overall richness.

Employment Opportunities

The availability and diversity of job opportunities significantly determine a city's wealth. Cities with thriving industries and a robust job market attract skilled professionals, leading to economic growth and prosperity. 

Likewise, a low unemployment rate and ample opportunities in various sectors, such as finance, technology, and manufacturing, are crucial indicators of a city's richness.

Infrastructure

A city's infrastructure is vital to its growth and economic development. The quality and efficiency of transportation systems, utilities, and public services impact a city's overall wealth and attractiveness. 

In addition, the well-developed infrastructure supports existing industries and attracts new investments and businesses, fueling economic growth and increasing a city's wealth.

Quality of Life

A city's overall quality of life is essential to its richness. This includes education, healthcare, safety, recreational facilities, and environmental quality. In addition, a high quality of life reflects a city's wealth and makes it an appealing destination for professionals, entrepreneurs, and tourists, further contributing to its economic growth and prosperity.

Business Environment

The ease of business in a city significantly influences its wealth. A favourable business environment, characterised by supportive government policies, minimal red tape, and resource access, attracts investment and fosters entrepreneurship. 

As a result, cities with a conducive business environment often experience rapid economic growth, increasing wealth and prosperity.

Exclusive clubs like Chrome and Moksh cater to the city's elite, who enjoy a lavish lifestyle. Vizag's culinary scene features a variety of fine-dining establishments and five-star hotels where residents and visitors can savour exquisite cuisines.

Isn’t it incredible to witness how India’s top 10 richest cities embody the nation’s extraordinary economic growth and diverse opportunities? From the busy financial capital, Mumbai, to the alluring charm of Bangalore, these cities truly offer a glimpse into the unbelievable potential that lies within the nation.

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So, as you set your sights on exploring the luxury and sophistication of India's richest cities, remember that NoBroker is here to help you find a place to call home. Cheers to a bright and prosperous future.

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