Over a period, Bangalore has become a very popular city to live in, especially for the young working population. And why not? It is not only the IT hub of India but also an adobe to various start-ups, innovations, and R&D centers backed by encouraging policies from the State government. Apart from strong IT infrastructure, Bangalore has other advantages like pleasant weather, interesting places to visit in the vicinity, and a cosmopolitan lifestyle.
Some interesting facts about Bangalore:
· Bangalore is not only the capital of Karnataka but also the largest city of Karnataka.
· Bangalore is not only an IT hub but also encompasses several religious places like more than 1,000 temples, 350 mosques, 100 churches, three gurudwaras, a fire temple, and two Buddhist Viharas. Truly a cosmopolitan city!
· The current population of Bangalore is around 12 million, making Bangalore the third most populous city in India.
· Apart from being called the ‘Silicon Valley of India’, Bangalore has other proud titles too such as the ‘Garden City of India’ and the ‘City of Lakes’. All thanks to lush green parks and around 25 lakes spread across the city.
· Bangalore also has several strategic aerospace centers such as Hindustan Aeronautics Limited and National Aerospace Laboratories.
· Bangalore has also earned the title of one of the most ‘Liveable cities’ in India.
· The secret behind the pleasant weather is its elevation of 900m or 3000 ft on the Deccan plateau.
· Bangalore has many Firsts in its cap. India’s first radio club was established here and Bangalore was the first city to give free access to Wi-Fi (Namma Wi-Fi).
· Bangalore is home to many reputed educational institutes such as IIM-B, IISc, Christ University, and more.
As job opportunities go on increasing, more and more people are shifting to Bangalore for better prospects, especially in the IT sector. For people relocating here, it is important to have a realistic estimate of the cost of living so that individuals and families can plan their budget and future effectively. Here is a glimpse of the cost of living in Bangalore.
Though the cost of living depends upon the factors like lifestyle, job profile, the number of members in the family, eating habits, utility expenditure (such as phone, cooking gas bill, electricity, etc), entertainment, and more, here is a general view of the cost of living in Bangalore.
· The cost of living of a single person comes to around Rs. 30,000 (excluding the rent).
· The cost of living of a member of four is estimated as Rs. 1,05,000 (excluding the rent).
Now coming to the rentals and property prices:
The most expensive places to live in Bangalore include Indiranagar, Koramangala, M.G. Road, HSR Layout, Richmond Town, and Jayanagar to name a few. And on the contrary, the least expensive areas to live in Bangalore are Kammanahalli, Malleswaram, Basavanagudi, Bellandur, Marathahalli, Yelahanka, Hebbal, Banashankari, KR Puram, and Electronic City. In between these, some decent residential places include Bannerghatta Road, BTM Layout, Sarjapur, and Whitefield.
So, let’s look into the Bangalore rentals now:
1 BHK rental flat in Bangalore starts from INR 10,000
2 BHK flat for rent in Bangalore starts from INR 16,000
Electricity bill starts from INR 2,000
Wi-Fi Connection INR 1,000
Groceries around INR 2,500
A Monthly bus pass starts from INR 1,500
Domestic help INR 2,500
So, apart from rent, the monthly expenses of an individual come to around INR 10,000.
With family and kids, these expenses will increase from INR 10,000 to INR 45,000. Apart from the above factors, recreational activities and lifestyle also matter a lot. For instance, owning a car will be more expensive than using public transport. Dining out often will be more expensive than having a meal at home even during weekends.
So, what is a decent salary in Bangalore?
On average, a fresher or a professional having less than 2-3 years of experience in the IT sector, earns around INR 3 lakhs per annum. Going further, with 4-7 years of experience a professional can earn around INR 5-6 lakhs per annum. With 10 or more years of experience, a professional can earn around INR 10-12 lakhs per annum.
Some pointers to be considered if you are relocating to Bangalore:
1. Bangalore is an expensive city to live in as compared to some of the other metro cities. So, take into consideration the above costs before relocating.
2. An individual can save on the air conditioners (the cost as well as the electricity bill) as the weather is pleasant here all through the year.
3. In some areas, the water supply is irregular, which can cause day-to-day inconvenience to you. So, this needs to be considered.
4. Always try to choose an area as close to your workplace as possible to save time, money, and effort in commuting, as the density of traffic in Bangalore is very high.
5. It is better to be familiar with Kannada in Bangalore while commuting on public transport and dealing with house help.
6. Frequent dining out can add substantial costs to your pocket.
Nevertheless, Bangalore is a city of endless opportunities with several companies established here. If you are looking for a single room for rent in Bangalore without a deposit visit us at Nestaway.com. We provide the best houses on rent without or low-security deposit and no brokerage. If you are looking for a home for rent in Bangalore, look no further. Contact Nestaway Today!