Rental value in Kalyani Nagar shot up by 10 percent

Q: Hi, If someone owns flats for rent in Pune's Kalyani Nagar, they might have hit the jack pot.

Dhiraj,

8th May 2014

Real estate News in Kalyani Nagar, Pune

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Replies (2)

@Dwarkesh,
Maximum demand in the locality is witnessed for a 2BHK within an approximate budget of around Rs 17,000-18,000 per month. Thus, if you have a 2BHK in Kalyani Nagar, you have some reason to cheer.

Santosh TR,

8th May 2014

Comment

Hi,
If someone owns flats for rent in Pune's Kalyani Nagar, they might have hit the jack pot. Rental value in Kalyani Nagar shot up by 10 percent

Santosh TR,

8th May 2014

Comment

Well,
What is the percentage of shot up and what was the last year rental value in the locality?

Dwarkesh,

8th May 2014

Okey,
The rental value in the kalyani Nagar jump up 10% in 1st quarter. Previously, 2BHK apartment in this locality rent up around Rs. 20000/month in last year qtr. end while this year it was tagged at around Rs. 22000/month. This means a direct increase of 10% in the rental value in just three months.

Santosh TR,

8th May 2014

This means that those who had leased out their properties in Kalyani Nagar have reaped benefits. Am i right? What can be the reason behind it?

Dwarkesh,

8th May 2014

Well,
The main reason is the demand and supply mismatch. Kalyani Nagar became popular as a residential option because people are finding Koregaon expensive in comparison to Kalyani Nagar.

Santosh TR,

8th May 2014