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Is renting out a flat in Malad considered as a good option?- Property Hotline
Posted
October 11, 2016
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October 11, 2016
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2:24Now PlayingExpert: Shoeb Sayed, Sr. Vice President, Head-Real Estate, Broking & Distribution, Motilal Oswal Securities Limited.?
Question: I bought a 2 BHK flat in Malad West in April 2014. I want to move to Andheri West. Should I sell the Malad flat or should I rent it out instead?
Answer: You should wait for some more time and yes you can rent it out now. You can look at selling your apartment after 3 years to avoid short term capital gains. Both locations are doing well at the connectivity to highway has improved and government already announced metro as well as Coastal roads which will benefits both Andheri and Malad. Both locations have great social infrastructure and there is good employment generation zone.
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