Hyderabad:The wedding season has kicked off across the Greater Hyderabad region, bringing a flurry of business activity. Wedding venue bookings, catering arrangements, clothing selections and gold purchases are in high demand as auspicious dates for weddings line up over the next three months. With weddings being a once-in-a-lifetime event, families are going all out to make the day memorable.
Across the country, an estimated 48 lakh weddings are likely to take place this season, with a staggering expenditure of Rs 6 lakh crore, according to a survey by the Confederation of All India Traders. In Hyderabad alone, 5,000 weddings are scheduled during this period, generating over Rs 625 crore business.
Many families are planning their expenses in advance to cut down on costs. A study by "Wed Me Good" revealed that 59% of weddings see agreements made in advance, while 32% of couples are covering the wedding expenses themselves. The wedding industry employs thousands of people, from decorators, DJs and photographers to caterers, makeup artists and goldsmiths.
Rising Wedding Expenses
Wedding expenses have surged in various sectors compared to previous years. Venue costs, which used to range from Rs 50,000 to Rs 7-8 lakhs, have now skyrocketed to between Rs 75,000 and Rs 10 lakhs. The cost of catering has also increased, with food per plate that once cost Rs 450- Rs 1,000 now priced between Rs 700 and Rs 1,500. Catering representatives attribute the price hike to rising vegetable and essential commodities costs.