Hi all, I would like to tell you that rental values in the Kalyani Nagar raised by 10% in the Jan-Mar 2014 quarter. A standard 2BHK apartment in Kalyani Nagar that seen an average monthly rent of Rs 20000 in Oct-Dec 2013 was seen at Rs 22000/month by the end of March 2014.
Yes, Pravakar, Those who had leased out their properties in Kalyani Nagar have reaped benefits. This is on the back of a comparatively steady capital market and relatively strong rental trends.
Okey, The main reason is the demand and supply mismatch. Kalyani Nagar became popular as a residential option when people started finding Koregaon expensive. Maximum demand in the locality is witnessed for 2BHK apartments within an approximate budget of Rs 17000-18000/month.