Srinagar Pin Codes: 5 Most Expensive Areas in Srinagar
Srinagar city is known for its scenic beauty and rich cultural heritage, making it a popular destination for tourists from around the world. However, living in Srinagar can be an expensive affair, especially if you are looking to live in some of the most sought-after areas of the city. In this article, we will take a look at the 5 most expensive pin codes in Srinagar city to live in, providing details on the cost of living, average property rate, and average cost of renting a 2BHK for each pin code.
Pin Code 190001: Lal Chowk
Lal Chowk is one of the most popular commercial areas in Srinagar city, and as such, it is also one of the most expensive places to live in. The cost of living in Lal Chowk is around INR 25,000 per month, which includes rent, utilities, and other expenses. The average property rate in this area is around INR 1.5 crore, while the average cost of renting a 2BHK is around INR 25,000 per month.
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Pin Code 190002: Raj Bagh
Raj Bagh is another popular area in Srinagar city, known for its beautiful residential properties and proximity to the city center. The cost of living in Raj Bagh is slightly higher than Lal Chowk, with an average monthly expense of around INR 30,000. The average property rate in this area is around INR 2.5 crore, while the average cost of renting a 2BHK is around INR 30,000 per month.
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Pin Code 190003: Jawahar Nagar
Jawahar Nagar is considered one of the most exclusive residential areas in Srinagar city, and as such, it comes with a premium price tag. The cost of living in Jawahar Nagar is around INR 35,000 per month, which includes rent, utilities, and other expenses. The average property rate in this area is around INR 4 crore, while the average cost of renting a 2BHK is around INR 35,000 per month.
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Pin Code 190008: Gogji Bagh
Gogji Bagh is a popular residential area in Srinagar city, known for its beautiful houses and quiet surroundings. The cost of living in Gogji Bagh is around INR 28,000 per month, which includes rent, utilities, and other expenses. The average property rate in this area is around INR 2.75 crore, while the average cost of renting a 2BHK is around INR 28,000 per month.
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Pin Code 190014: Hyderpora
Hyderpora is another popular residential area in Srinagar city, known for its beautiful houses and excellent amenities. The cost of living in Hyderpora is around INR 30,000 per month, which includes rent, utilities, and other expenses. The average property rate in this area is around INR 3 crore, while the average cost of renting a 2BHK is around INR 30,000 per month.
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Conclusion
Living in Srinagar city can be an expensive affair, especially if you are looking to live in some of the most sought-after areas of the city. From the exclusive residential area of Jawahar Nagar to the commercial hub of Lal Chowk, each pin code in Srinagar has its unique charm and appeal. However, it is essential to consider the cost of living, property rates, and rental costs before making a decision on where to live.
FAQs
Yes, Srinagar city has several affordable areas to live in, such as Bemina, Baghat, and HMT, where the cost of living and property rates are relatively lower than other parts of the city.
Yes, it is possible to negotiate the rental price in Srinagar city, especially if you are renting directly from the landlord. However, it is crucial to do your research beforehand to have a better understanding of the prevailing rental rates in the area.
Yes, besides the monthly rental fee, you may also be required to pay a security deposit and other fees such as maintenance charges and utility bills.
You can find a suitable place to live in Srinagar city by doing your research, seeking recommendations from friends and family, working with a reputable real estate agent, or using online property portals. It is essential to visit the property in person and ensure that it meets your needs and preferences before making a decision.
Besides cost, other essential factors to consider when choosing a place to live in Srinagar city include safety, accessibility, proximity to essential amenities, and the overall quality of life in the area.
