Getting married in India: What does an average wedding cost?
It is said that marriages are made in heaven, but they take place on Earth and need considerable resources to make it a mesmerizing event. You plan your ‘Big Day’ to make it a memorable event for you as well as for the families that attend the ceremony. A grand and lavish wedding function has become a desired necessity.
The Indian wedding industry currently accounts for over Rs. 1,00,000 crores and is growing at a rapid rate of 25-30% each year. An average Indian wedding could cost between 20 lakhs to 5 crores. A person in India is estimated to spend one-fifth of the total wealth accumulated in his lifetime on his wedding.
From fashion designers, event planners, florists to caterers, you need to hire an efficient team to make your special day truly incredible.
Here we list a few noteworthy essentials that determines the cost of your wedding ceremonies:
One of the first decisions to be made is to finalise the venue for the wedding. Be it a destination wedding, or in the heart of your hometown, the venue accounts for hefty percentage of your wedding expenses.
Especially during peak marriage season, when the demand for locations is high, prices tend to go up. An average hotel ballroom could cost you around 1 lakh for a day whereas special destinations and resorts could easily charge several lakhs of rupees.
You may want to decorate the entire venue like a paradise for this momentous occasion. Apart from flowers and traditional adornment, sculptures and replicas are also used to create an alluring decor. Elegant lighting makes for a photo-friendly wedding. Venue decorators may charge you anything between RS. 30,000 to 2 lakhs for decorating the hall to your preferences.
One of the most important aspects of a wedding is the catering. It is often the most memorable part of the wedding for most guests. A reputed caterer, providing an assortment of cuisines can charge anywhere between RS. 1500 – 2500 per plate, and maybe more.
It is fitting that you are decked up to the hilt on perhaps the most special day of your life. A bridal wedding saree or lehenga may cost up to RS. 50,000 and a designer shervani or suit for the groom can be picked up at around RS. 30,000.
An Indian wedding is generally a three-day affair with different ceremonies and rituals lined up. Each ceremony requires its own set of apparel, set-up, and materials. The average cost of a single ceremony may range between 6 to 10 lakhs. Couples may sometimes look to increase the number of ceremonies to arrange more frequent get-together of families before they unite.
Apart from these, there are innumerable other costs such as the band, photography, wedding cards and presents etc., which may add up heftily. You may not want to cut corners and risk smudging the sheen off your once-in-a-lifetime occasion.
Reliance Money provides Personal LoansPersonal Loans to take care of your wedding funds and make sure you gain unforgettable memories of your special day. With affordable interest rates and flexible payout options, it’s a prudent option to satisfy your financial obligations with these loans.