If you are someone who’s planning to buy a property in Hyderabad, then you must know about the exceptional growth of hyderabad real estate and make it a point to know the cost of living in the city of nawabs. It is a beautiful place that has a rich culture as well as heritage.
Hyderabad is best known for its scrumptious biryani and its Nawabi lifestyle is something that catches the attention of people of all ages. It is an ideal city for bachelors looking forward to pursuing their higher studies or jobs with good salary packages.
Here's everything you need to know about the lifestyle of Hyderabad
Hyderabad is the fourth most populous city in India. The people of Hyderabad come from different ethnicities and backgrounds. The population of Hyderabad consists of Hindus, Muslims, Christians, Sikhs, Buddhists, Jains and many others. It is a perfect example of unity in diversity. The people of Hyderabad are also known as Hyderabadis.
The people of Hyderabad live together in harmony and peace. They are very amicable and have a friendly approach towards immigrants as well as tourists. It is a beautiful city where love, art, tradition and culture are celebrated to the fullest, the potpourri of various ethnic groups has ensured cosmopolitan progress and an embracement of the modern lifestyle. The Hyderabadi architecture and cuisine, which belong to an imperial era, are the pride and joy of the city and its people to whom hospitality is second nature.
Why is Hyderabad a great place to reside in?
Earlier this year, the Mercer Quality of Living rating placed Hyderabad at the top of the list. The first position was shared by Hyderabad and Pune. The factors considered while announcing the final results are as follows: the level of liveability in the place, the atmosphere of the place, the facilities offered by the place, and many more.
Hyderabad has a lower rate of crimes when compared with the other metropolitan cities of the country and it has pleasant weather throughout the year which is any day like a bonus point. For each individual, safety is one thing that is of utmost importance to them.
Another great thing about the city of nawabs is that it is noted as one of the most affordable cities in India. So even with a medium budget, you can find a brilliant place to live in Hyderabad. It is a leading Tier-1 city with a strong IT sector that generates plenty of housing demand. With the expansion of metros in Hyderabad, the demand for houses in the city has received a much-needed boost.
Due to the affordability factor in Hyderabad, the people keep looking to invest their hard-earned cash in a good real estate property as the scope of growth of the businesses and infrastructural developments have been on a rise lately.
What is the cost of living in Hyderabad for a bachelor?
When we talk about the cost of living in the gorgeous city of Hyderabad for a bachelor obviously it is going to be less than that of couples and big families. We are going to pay some attention to the average monthly cost of living in Hyderabad.
The accommodation for a single person will cost somewhat between Rs. 4,000 to Rs. 9,500. Let’s hop onto groceries now, the total amount of groceries can be around Rs.1000 to Rs. 2500. Utilities can charge you around Rs. 1200 to Rs. 2500. The factor of entertainment can cost you between Rs. 4,000 and Rs. 7,000. At the end of the day, we all want some free time to chill and relax from our lives that are full of hustle and bustle.
For the transport, one must have at least Rs. 1000 to Rs.2500 in their pocket to go through the whole month without any problem. Let’s move onto shopping, they say, ‘shop till you drop’ but make sure you know when to stop as you have to manage all your expenses within a certain budget for one whole month.
Which is the difference between the cost of living in Hyderabad and Bangalore?
When we compare the cost of living in the city of Hyderabad to that in Bangalore, we come to realize that the consumer prices in Hyderabad are 5.98% lower than in Bangalore (without rent). The consumer prices including rent of a real estate property in Hyderabad are nearly 11.26% lower than in Bangalore. The rent prices in Hyderabad are 30.60% lower than in the city of Bangalore.
As of now, the restaurant prices in Bangalore are 7.06% more than in Hyderabad. The groceries prices in Hyderabad are about 1.75 percent less than in Bangalore. If we talk about the overall scenario of the cost of living in both cities, then we can say that the cost of living in Hyderabad is around 16 percent cheaper than that in Bangalore.