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How demonetisation can affect rental yield?- Property Hotline
Posted
November 17, 2016
Views
209
November 17, 2016
209
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8:09Now PlayingExpert: Arvind Nandan, Director South Asia - Colliers International.
Question: I have invested in a luxury villa on Hosur Road, about 8 kms from Silk Road. Villa is almost ready. I have invested Rs 2.2 cr. All payments were made through cheque. What is the expected return? How demonetisation is going to affect the deal?
Answer: Rental yield currently in the market is about 2% – 3%. The location of your property is good. Rental demand is very high for apartment rather than houses or row houses. You should hold for minimum 3 years as of now. Do not sell your property for 1 year atleast.
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