Top 10 Richest Cities in India: GDP And Ranking in 2024

Top 10 richest cities in India, which are major driving forces of the country’s economy. India which holds some of the wealthiest cities in the world, have their unique culture, heritage, technology, and innovation landscape. These cities are hubs for various industries, including finance, technology, and manufacturing, contributing significantly to the country’s GDP. In this blog, we’ll explore the top 10 richest cities in India, their GDP, population, and what makes them the most prosperous urban centers in the country.

Top 10 Richest Cities in India 

1. Mumbai

Mumbai ranks among top 10 richest cities in India. Holding a GDP of $368 billion, with a population of 20.7 million people, as of 2024. It serves as the financial capital of housing institutions like BSE, NSE & RBI.

Mumbai is well known for its thriving real estate. Showcased by neighborhoods like Malabar Hill and iconic residences like Antilia, shopping hubs like Palladium Mall and upscale entertainment venues like Trilogy and Kitty Su.

Mumbai has one of the most expensive property markets. Attracting high-end investments, in places like Malabar Hill and Bandra, which offer famous luxury homes. Market prices range from ₹20,000 to ₹25,000 per square foot, depending on the area.

2. Delhi

Delhi is second among our list of Top 10 richest cities in India, with GDP of $167 billion and population of 33.8 million, being a capital of India and a dynamic hub for politics, e-commerce and major tourist destinations, like India Gate and Qutub Minar.

Delhi is home to luxurious real estate projects like Godrej South Estate, DLF One Midtown, and Risland Sky Mansion which provide modern apartments with excellent amenities for comfortable living. Additionally, developments such as DLF Kings Court and Unity The Amaryllis cater specifically to affluent lifestyles in prime locations throughout the city.

Delhi is one of the richest cities in India, with land prices varying by location. As of December 2024, the price is ₹70,080 per square meter in Rohini. Residential land prices are up to ₹28,348 per square foot in posh Areas.

3. Kolkata 

Kolkata is the third richest city in India, with $150 billion GDP. This city is well known for its cultural significance. The city is a thriving epicenter of rich heritage sites like $150 billion, Howrah Bridge and Fort William, this vibrant city contains a diverse population which currently is approximately 15 Million.

Kolkata’s real estate market showcases diverse residential developments, featuring luxury condominiums like Niavara and The Royal Ganges, culturally integrated projects like Morya, architecturally significant Urban Lakes by Ricardo Bofill, and affordable options such as Sugam Prakriti, reflecting the city’s dynamic urban landscape.

Kolkata has a thriving real estate industry, with investment potential. Some projects offer fancy homes like Niavara, while Morya provides large apartments. Land prices vary across the city, ranging from ₹2,798 to ₹13,097 per sq. This further highlights them into one of top 10 richest cities in India.

4. Bengaluru  

Bengaluru, known as “Silicon Valley of India” is one of top 10 richest cities in India, with GDP of  $110 billion and 13.4 million residents. The city is a famous hub for global IT giants like infosys, wipro, google and Microsoft. Containing a vibrant startup hub with innovation and technology ranging from aerospace to Biotechnology.

Bengaluru being a metro city, contains a growing real estate market. Infrastructure projects such as Bangalore-Chennai Expressway and Metro Rail expansions, facilitating real estate development and investments, to areas like  Whitefield and Sarjapur Road. Current land prices range from ₹4,850 to ₹18,333 per sq ft.

Bengaluru is more than just a business hub; it offers exciting nightlife options, high-end shopping experiences, and evolving cultural attractions too! With a mix of economic opportunities, modern conveniences, and an innovative vibe, this city stands tall as one of India’s most progressive and prosperous urban centers. 

5. Chennai

Chennai is an important Indian metropolis ranking among the wealthiest cities in India, with a GDP approximately equal to $78.6 billion, often referred to as the “Detroit of India” due to its prominence in the automobile industry significantly impacting national auto exports. IT services, seaports, and healthcare are amongst other key economic drivers here. The city’s cultural heritage includes eminent landmarks such as Marina Beach & Kapaleeshwar Temple that further enhance Chennai’s appeal making it an attractive destination.

Chennai being one of the richest cities in India, hosts a thriving real estate market. Projects such as Brigade Icon, NCC Urban Ivy Towers, and Earthen Spaces RNK’ Vista Garden cater to diverse buyer requirements. Land prices vary from  ₹3,500 to ₹14,000 per sq ft, with areas like OMR averaging at around 8000Rs per sq ft. 

6. Hyderabad 

Hyderabad is sixth in our list of top 10 richest cities in India, with a GDP of $75 billion. Renowned for excelling in IT, biotechnology, and pharmaceuticals sectors among others. This bustling city is home to 10 million inhabitants.

Landmark heritage sites like Charminar offer glimpses of the past, whereas modern neighborhoods such as Jubilee Hills and Banjara Hills provide a luxurious lifestyle with upscale living amenities – making Hyderabad not just an economic hub but also a blend between tradition-rich history and contemporary urban life.

Hyderabad real estate market has been steadily growing, particularly in areas like HITEC City and Gachibowli. With land price ranging from  ₹5,500–₹6,000 per square foot, which was previously in the range of ₹3,000–₹4,000 per square foot.

7. Pune 

Pune is the second largest city in Maharashtra, with a population of 7 million. Famously called the “Cultural Capital of Maharashtra” and known for its famous educational institutions earning its title as “Oxford of the East”.  The city holds a rich historical and cultural landscape. 

Pune is among the top 10 richest cities in India, with a GDP of $69 billion, it is famous for its IT industry, manufacturing hubs, and vibrant job market. Pune blends cultural heritage with contemporary living – luxury neighborhood zones like Baner and Kalyani Nagar offer upscale residences surrounded by greenery, while high-end shopping hubs Phoenix MarketCity and The Pavilion cater to discernible tastes. 

Pune’s real estate booms are driven by favorable stamp duty rates and job opportunities. Tech-backed initiatives and enhanced infrastructure. Prices vary from ₹40,000-₹200,000 per square yard across upscale areas like Baner, Kalyani Nagar and Shivaji Nagar.  Attractive for both homebuyers and investors – Pune evolves daily providing diverse living experiences along with economic progress contributing back to society.

8. Ahmedabad

Ahmedabad, having a GDP of nearly $68 billion, is one of the top 10 richest cities in India. It’s famous for its successful textile, pharmaceutical, and chemical sectors. The city has a population of  8.5 million people and it’s recognized for the harmony between cultural traditions and urban development.

Sites of wonderful architecture like Sabarmati Ashram and Sarkhej Roza underscore the historic importance of Ahmedabad. Living areas including Bopal and Thaltej deliver a mix of current conveniences with a luxurious lifestyle, as business centers such as CG Road burst with energetic events. Top-tier shopping centers, encompassing Ahmedabad One and AlphaOne, serve the burgeoning city populace.

Ahmedabad’s property market has been growing steadily. The prices of properties in key areas range between ₹5,200 and ₹8,900 for each square foot. Investments are encouraged more by infrastructure projects, green urban planning and increasing attraction towards premium properties providing a solid reputation to Ahmedabad as the primary location for real estate investments.

9. Surat

Surat, a coastal city in Gujarat, holds an impressive GDP of $65 billion. Making  it one of the richest cities in India. Known globally as the “Diamond City”, Surat is a center for diamond cutting and polishing which significantly adds to its economic strength. The city houses over 4.5 million people and due to its lively culture and flourishing industries, it has become an important destination.

Surat is a place where guests can experience both the history and modern aspects. The famous Surat Castle, which was built in the 16th century, continues to show its wealthy past. Moreover, having the world’s largest office building by floor area known as Surat Diamond Bourse, it draws people who are tourists or involved in business from all over. Projects of real estate such as ‘Surat Smart City’ along with ‘Surat Diamond City’, are addressing the increasing need for spaces, both residential and commercial.

The property market in Surat has seen big growth, caused by the city’s financial well-being. The cost of land has gone up a lot, ranging from ₹2,100 and ₹6,100 per square foot. With Surat expanding its territory, the real estate sector is poised to grow further.

10. Visakhapatnam

Visakhapatnam, also known as “Vizag,” lies nestled among Eastern Ghats’ hills in Andhra Pradesh state of India and faces the Bay of Bengal to its east. This coastal city has a rich history that extends from being part of Kalinga Kingdom all throughout Vijayanagar Empire rule, until it came under other ruling dynasties as well over time.

Visakhapatnam, with GDP of $43.5 billion, is an industrial hub with a port that houses strong industries such as steel, petroleum, IT and the Eastern Naval Command of the Indian Navy. The city offers breathtaking beauty in its beaches, lakes, hill ranges, caves, valleys for tourists to explore along with popular attractions like Rama Krishna Beach, MVP Colony & CMR Central Mall which attract visitors all year round.

Visakhapatnam, being one of the richest top 10 cities in India, has a rapidly developing real estate market that offers rates ranging from ₹4,000 to ₹6,000 per square foot. The city provides exclusive clubs and fine-dining establishments catering towards the elite population. Overall, Visakhapatnam is an attractive destination with its rich history, strong industrial presence, and flourishing tourism sector that appeals to both visitors and investors alike.

Conclusion

In conclusion, the top 10 richest cities in India are a testament to the country’s economic growth and diversification. With Mumbai being the richest city in India, these cities are likely to remain at the forefront of the country’s economic landscape. Whether you’re looking to invest, start a business, or simply experience the best of India’s urban culture, these top 10 richest cities in India are definitely worth exploring.