Bangalore, the city of professionals! Is a dream of many IT professionals. Like every city, Bangalore also has its pros and cons. Bangalore may be full of shopping malls, a pleasing climate, a happening nightlife, and an explosion of companies and well-paying jobs. Still, it also has significant problems like water scarcity, garbage disposal glitches, extreme traffic mobbing, and a high cost of living.
The cost of living in Bangalore depends on whether you live with a family, roommate, or even alone.
First, let me answer a common question whether Bangalore is a wonderful city to live in?
Definitely yes, here are some reasons why.
- Pleasant climate throughout the year: If you are wondering why the climate in Bangalore stays pleasant throughout the year, it is situated 3000 feet above sea level, giving the hill station feels.
- Most clean city in India: Who wouldn’t want to live in a clean city unlike others in India? Bangalore is one of the cleanest cities in India attracting people from all over India
- Versatility in Cuisines: They range from south Indian, north Indian, Thai, Mexican, Italian, and so on. Bangalore has it all!
- Professionals parasite: Researches have shown that local Kannadians in Bangalore are less than 40% in Bangalore because it is full of software engineers and other professionals from all over the world.
- A city full of gardens and lakes: Known as the garden city of India, Bangalore has two nationally recognized gardens but has many beautiful lakes.
- Eminent institutes: Bangalore also has many eminent and well-established institutes like NIMHANS, NIFT, NLU, and many others.
- The excellent public transport system: Metro and public buses in Bangalore are clean and safe with a reliable and efficient way for locals to commute from one place to another.
- Nightlife: Bangalore has over more than 800 pubs and bars with a fantastic nightlife for youngsters and college students.
Now that you have all the reasons to live in Bangalore let’s look at the cost of residing there.
Cost of living in Bangalore for Students and Bachelors
If you are a student and are tight on your budget, expect that your spending would be at least two lakhs for a year. However, it depends on your choice, how much you want to spend. If you want a healthy lifestyle, your expenses may reach 8 lakh also.
Tips for bachelors living in Bangalore:
- Rent a relatively big house with roommates
It is comparatively cheaper if you live in a bigger and furnished house and share the rent with your roommates. The average rent per person becomes less if you rent it alone.
- Cook at your house only.
Eating outside every day even once would dig a hole in your pocket. It is unhealthy, but it is costly too after the popularity of apps like Swiggy, Zomato, Uber Eats, and many more.
- Find a location near your college.
Picking up a location near your college to live will save you from two problems. First is the question of commuting. Bangalore is a bustling city with extreme traffic congestion during peak hours, causing a headache even before reaching the destination.
Second, this will also save your commuting costs if your college does not provide it. You can ride on your bike or walk.
- Limit your visits to pubs and bars
Going with a friend to an upscale pub on the weekend would cost you more than ten thousand for a single night. Being in Bangalore, you should enjoy its nightlife, but keep a tab on your spendings regularly.
- Parking Issue
Parking can be an issue if you live in a low-end apartment, but you may get a chance to park your bike at a safer space if you are lucky.
Cost of living in Bangalore for Families
If you are tight on budget, expect to spend a minimum of 9 lakhs in a year with kids. However, if you want a classy lifestyle, your spending would range from 17 to 20 lakhs in one year. If you are planning to move to bangalore look our list of best packers and movers in Bangalore
Tips for Families living in Bangalore:
- Prefer renting before you buy
Do not be in a hurry to buy a house only because you have a family to take care of. It would help if you ideally spent at least a year in that location before you finally decide to buy it.
This is because there could be many shortcomings in that are like shortage of water supply, peaceful nature of the environment, potential flooding during the rainy season.
- Research properly before renting
You should consider many things before renting or buying the house like proximity of children’s school, your office, supermarket availability nearby, cabs availability, metro, or local bus nearby.
- School expenses
Not only are tuition fees taken by the school, but parents also spend a lot of money on extracurricular activities for children like dance, music, badminton, tennis, swimming, and others.
- Cultural disparity
If you are moving from a village or a non-metropolitan city, it would be a tough ride for you. Bangalore is a city that breaks the stereotypes as not only men but also women who drink and smoke there.
Purchasing an apartment necessitates painstaking thinking. Here are some things you should keep in mind before buying a house in Bangalore
The first and foremost thing to consider is your budget. Your budget includes the apartment sale charges and other things like Club membership charges, Parking space charges, Service tax, Stamp duty, Registration charges, Home loan processing fees, Electrification charges, Transformer charges, and Floor rise charges, Water supply charge, etc.
- Apartment Area
You should be aware of the area of the apartment like carpet area, built-up area, and a super built area as these are three different things according to which the prices of the condo would vary.
Amenities, including water, electricity supply, surroundings, and many other things, matter while buying a house.
Make sure the apartment you are planning to buy is legally registered in the state of Karnataka. Consult a legal advisor if you have any confusion.
- The interest burden on loan
If you are planning to buy your home on EMI, make sure you know all the procedures and payments and the tax benefits you can avail while paying EMI.
This modern city hub has a diversity of life. People settle here from all over the world. It is one of the best cities to reside in India.