64.36% Delhiites live in own houses | delhi | Hindustan Times
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64.36% Delhiites live in own houses

delhi Updated: Feb 17, 2012 01:36 IST

Thanks to rampant urbanisation and housing loans offered by banks and affordable interest rates in the past few years, majority of Delhiites live in their own houses.

A report on level and pattern of household consumer expenditure — prepared by Delhi government's directorate of economics and statistics — reveals 64.36% of 36.64 lakh Delhi families have their own houses, while 30.79% live in rented accommodation. Those who live in rented houses spend almost 6.72% of their monthly expenditure on house rent.

Delhi is the city of the trading class has been proved yet again as 40% households were found to have their own businesses. Another finding was that most Delhiites prefer going for higher studies. Almost 23% of Delhi's literate population is either graduate or have above graduation qualification.