Hyderabad state had its own currency, mint, railways and postal system. The Nizam rulers amassed a lot of wealth as a result of the diamond trade. Historically, there were two kinds of elites in Nizam state: political/administrative and economic/business.
There is no fixed definition of "rich" used by wealth managers. However, a widely accepted threshold for individuals in the high-net-worth bracket is 50–250 million Indian rupees. Individuals with wealth exceeding 250 million Indian rupees fall under the ultra-high-net-worth category, Kohli said.
Jubilee Hills is a posh locality in Hyderabad situated in the western fringe. It is sandwiched between Banjara Hills and Hitech City which is a prominent IT hub. It is home to many celebrities, including actors, politicians, and business tycoons.
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Why is Hyderabad so rich?
Hyderabad and its suburbs house the highest number of special economic zones among India's cities. In the 1970s, the pharmaceutical and electronic industries were established in the city because of its strategic location in south-central India, for which it is known as the gateway to south-central India.
Mumbai houses the maximum population of India's ultra high-net-worth individuals (UHNWI), with 1,340 residents holding wealth of over $30 million, according to the Global Wealth Report 2017 by London-based residential and commercial property consultancy Knight Frank.
What salary is needed to live comfortably in Hyderabad? A salary of ₹40,000-₹60,000 per month is needed to live comfortably in Hyderabad, covering rent, utilities, groceries, transport, and some savings or leisure activities.
Bangalore's cost of living tends to be higher, primarily due to its status as the Silicon Valley of India. Accommodation costs, in particular, contribute significantly to the overall expenses.
Hyderabad, known as the "City of Pearls," seamlessly blends rich heritage with modern infrastructure. Its upscale neighbourhoods offer a lifestyle marked by elegance, convenience, and exclusivity.
The People Research on India's Consumer Economy (PRICE) defines the middle-income class household with an annual income of Rs. 5 lakhs to Rs. 30 lakhs (at 2020-21 prices).
With 23%, Hyderabad has the second largest population of urban poor in cities of India. This means out of 100 Hyderabadis, 23 are living under the poverty line. They live in 775 notified urban slums in Hyderabad, with Indiranagar and Bushannagar having the largest concentrations.
Mukesh Ambani. Mukesh Ambani remains the richest person in India in 2025 with a net worth of $115.3 billion. As chairman of Reliance Industries, his empire spans oil, telecom, and retail. The billionaire industrialist is the only Asian in the exclusive $100 billion club, according to Forbes.
The seventh and last Nizam, Mir Osman Ali Khan, fell from power when India annexed Hyderabad State in 1948 in Operation Polo. Today, the title is held by his great grandson, pretender Azmet Jah.
Members only: India's rich and famous ditch old-school clubs for exclusive hangouts. For decades, the Indian elite have sought escape in Raj-era private clubs and gymkhanas, scattered around the swankiest neighbourhoods in the country's big cities, hillside resorts and cantonment towns.
As per the widely accepted threshold, high-net-worth individuals (HNWIs) and ultra-high-net-worth individuals (UHNWIs) have assets of over one million and 30 million U.S. dollars, respectively. Although billionaires like Ambani, Adani, and Tata are household names, they are not representative of India's rich club.
Richest City in India: The film city of India, Mumbai, emerges as the richest city in India with a staggering GDP of $310 million, with the GSDP of Rs 49,39,355 crore for the fiscal year 2025-26. Following Mumbai is New Delhi, Kolkata, Bengaluru, Chennai, Hyderabad and more.
Telugu and Urdu are the official languages of Hyderabad, while English is commonly used. Telugu in Hyderabad has a varied dialect called the Telangana dialect, and the Urdu spoken in the city is called Deccani Urdu.
Blue collar work refers to hands-on, skilled, or manual labor typically performed in industries like construction, manufacturing, transportation, and maintenance. It involves physical tasks, technical expertise, and on-the-job experience.
It's true that the number of tax returns filed by individuals has more than doubled, from 3.35 crore in 2013-14 to 7.54 crore in 2023-24. However, many of these are zero-tax returns, filed simply for compliance purposes.
