Need advice – sell or rent out on A.B road?

Q: I have an apartment in A.B. Road which I’ll be vacating since I’m moving out of the city. What will you suggest I do? Should I sell it or rent it out?

Arjun Singh Ranawat, Indore

1st August 2014

Rentals in AB Road, Indore

nice apartment a.b. road

price trends a.b. road

rent rates a.b. road indore

indore rental apartment trends

Follow Discussion

Also see discussions for

Indore AB Road Rentals Rentals in Indore Rentals in AB Road

Replies (3)

I think if you’re going to be renting out your place and moving to a different city as well, then you better have a representative in this city, because otherwise it becomes hard to manage your rental property from a different city. You’ll definitely get a good amount for your apartment. Average 2bhk apartments on A.B. Road are rented out at Rs 10 per sq. ft. So assuming your apartment is somewhere around 1000 square feet, you can easily get an earning of Rs 10,000 every month. In case it is fully or semi furnished, you can increase the rent amount to Rs 15,000 every month.

Ashok Tiwari, Indore

3rd August 2014

Comment

I also agree with him. Real estate has always been a safe and stable real estate option. Well obviously you are not going to become a millionaire overnight, but its a dependable income source. You could do one thing – sell your Indore property and then invest the money in real estate in the city where you’re moving, but I strongly advise against it. You already bought a house, don’t go into all the hassle and extra cost of doing it all over again. You have a good income source here at this apartment in A.B. Road, trust me!

Aditya Jogi, Indore

2nd August 2014

Comment

Wow! I really envy you. I think having a property on the A.B. road is a major asset. The A.B. road is one of the best residential markets in the city. You obviously know that! So now between selling ut and renting, I’d always say renting. Because I think it is better to have a regular income source you know, rather than have a bulk sum of money. I mean if you sell it off, what will you do with all that money, just invest it in something else right? I don’t think htere are that many great investment options other than real estate.

Manish Agrawal, Indore

1st August 2014

Comment