IBS Hyderabad MBA fees are definitely very high around ?5.25 L - 16.02 L and a middle-class man may not afford it. So unless you can get a scholarship I don’t think it’s a wise decision to spend your savings or even take up a loan for such a college. Taking a loan is risky way because you might not necessarily be able to land a package enough to repay the loan and it may take years to do so.
There are many other higher-ranked B Schools with less expensive fees, try targeting them. Go for IBS Hyderabad only when you have no other option and you are ready to face the risk of loan repayment.
No doubt IBS Hyderabad is well known for its quality of education, pedagogy, and infrastructure. The mess of food was like no other college. I think it’s these factors that attract students from all over India despite the high fees. So make a decision after weighing all the pros and cons.