After the Corona crisis, the price hike in the country is suffocating people. Prices have gone up all over the country. They have increased beyond the reach of common people. Cost of Living Costs of living have increased drastically. In this order, a Mumbai-based rating company has conducted 'Mercer's 2022 Cost of Living Survey'. The survey showed that mumbai is attractive to delhi in terms of costs internationally. mumbai has emerged as the most expensive city in the country. hyderabad is considered cheap by expatriate Indians. Gave mumbai a top rating. Internationally, mumbai is ranked 127th, delhi 155th, chennai 177th, Bangalore 178th and hyderabad 192nd.
After that pune 201 and kolkata 203 are ranked. The survey revealed that expatriates feel that the cost of living in these towns is cheaper. Internationally, hong kong is the most expensive city. It is followed by Zurich, Geneva, Basel Bern, Switzerland, Tel Aviv, Israel, New York, Singapore, Tokyo, Beijing. The survey was conducted by Mercer in march this year. Prices of over 200 commodities include home transportation, food, clothing, household items, entertainment, etc. Ranked 227 cities worldwide. Demand for rental housing has fallen in all major cities, including Hyderabad. Fearing the corona, everyone went home. With this, to-let boards are appearing everywhere. For years the prices of rents were huge with people coming from different parts of the country for education job employment businesses to the cities. Now that everyone is gone, house renters or flies are on the move.
If you have your own house in a place like hyderabad, you can live on those rents. There are no such conditions now. All the rental houses in Corona Dhati are now empty. Rental houses appear to be empty as everyone moves to their hometowns. Wherever you look, there are boards. It is a situation where no one comes even if they give a house at half price. With rental homes vacant for three to four months, the burden of operating taxes and current bills has fallen on landlords. Not just ordinary people .. Businesses have lost their jobs and homeowners have vacated all their offices. Especially rental houses are vacant as schools, colleges and training institutes are not started. As a result, EMI payments on building maintenance have become a burden on owners. The business, which profited from the corona blow, suffered huge losses. The report mentions that hyderabad is cheaper in terms of house prices than all other parts of the country. In terms of cost of living combined with residential costs, pune lags behind hyderabad over Kolkata. mumbai delhi Bangalore Rents are the highest in the country. The cost of living there is very high.
Leading corporate houses consider mumbai as the most favorable city to start their operations. At the same time, companies are showing interest in low-cost hyderabad, chennai and Pune. According to the survey, hyderabad and chennai are the most attractive metros with low cost due to high cost in Mumbai.