The fee for the first year at IPCW is ?37,825. You can find this info on their website too. IPCW's fees are on the higher side compared to other DU colleges. For instance, Miranda House charges about ?16,000 yearly.
I think choosing a hostel is a great idea because it's safer and saves you travel time. Plus, living in a hostel gives you a chance to enjoy a unique experience, make friends, and create lasting memories.
Though hostel fees at IPCW are somewhat higher than other colleges, they offer good facilities. PGs might cost less than hostels.
I suggest you apply for a hostel. If budget is an issue, consider sharing a flat with 4-5 friends in your later years. Hostels are generally better than PGs.
If you have more questions, feel free to ask in the comments.