Mumbai is known as the city of dreams. Many people flock here from different parts of the country to try their luck and fulfill their dreams. But did you know that this city of dreams is one of the most expensive cities in the world? Well, the city has ranked 18th on the list of the world’s 25 most expensive cities for high-class living by Julius Baer’s Lifestyle Index. Check the complete list here.
Mumbai Ranks On The List Of World’s 25 Most Expensive Cities
By examining residential real estate, automobiles, business class travel, business schools, degustation dinners, and other indulgences, Julius Baer’s Lifestyle Index determines the top 25 most expensive cities in the world. For the fourth year in a row, Asia has continued to be the place where luxury living is most expensive.
As the epidemic limitations were eased and freedom was restored, the study discovered an increase in demand for travel and recreation. Mumbai, India, improved to the eighth position from the twenty-fourth position last year. The reports suggest that Mumbai will rise even further in the upcoming years. Mumbai is the most expensive in terms of cost of health insurance.
Also Read: Jagannath Rath Yatra 2023: Check Out Gorgeous Pics And Videos As The 146th Yatra Begins Today
Julius Baer’s Lifestyle Index
The index of goods and services prices is used to create the report. In terms of jewellery, women’s shoes and whisky, Mumbai came in bottom. The cost of cars in the city rose by 56% year over year, according to the research.
For high-net-worth individuals (HNWIs), Singapore is the most costly city to live in, according to Julius Baer’s Global Wealth & Lifestyle Study.
Singapore has never come in first place on the list. Shanghai, which led the way the previous year, is next. Another Asian city, Hong Kong, rounds out the top 3. The top 5 also includes the cities of London and New York.
Also Read: Rail Tracks Destroyed Due To Biporjoy in Rajasthan Now Restored, Min Shares Before-After Pics
Tell us why do you love your city?
Cover Image Courtesy: wikimedia commons