64.36% Delhiites live in own houses
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.
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.