$2k/mo seemw very high for India (I'm not too familiar), are you supporting a family/spouse as well or is New Delhi just expensive?
Living in tier 2 Indian cities or suburban areas can cut down the expense in half. ~$1000/month for a comfortable lifestyle.
Finally, the real inflation (not the official one) is high and any saving could potentially be worthless in a few years (except real-estate which is why it has absurd prices) which also means owning a home is quite hard.
If you are fortunate enough to live in a very progressive town like Chapel Hill NC, which has a completely free bus system for everyone (paid for by student tuition, state taxes, and grants), then you can get around for pretty much free. The rest could be spent on food and health insurance if one chooses