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?
Latest Answer: 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.
