Naganathapura is located in Rayasandra in South Bangalore. The area is a flourished residential area and a good prospect. The Electronic City and Sarjapur Road area are situated quite close to Naganathapura. This makes it ideal for people working in these areas.
In Naganathapura, the property prices range from 5033/sqft to 8705/sq ft depending on society for independent houses. The rates in this area have been quite steady for a few years and due to the Corona pandemic, the rates have decreased further, especially for plots and independent houses.
I would suggest, if the rental yield of your property is more than the profit that you would be getting after selling your property, then I think you should rather rent your property. To calculate the rental yield, you can use this formula: Gross yield = (annual rental income/property value) x 100.
Now, if the annual rental yield is more than the returns that you would get by selling the property, then you should rather keep the property and rent it out. You can wait for a couple of months until the property prices increase and then sell it.
If you choose to go ahead with selling the property, then it is advisable to do it online through a trustworthy platform. You can use NoBroker to sell your property in Naganathapura. To do so, you can use the below link: Post an Ad for free to sell your Property Online
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Authors Of The Question
I want to sell my 5 years old constructed duplex house in Naganathapura Doctor's layout. The house has Italian marble flooring, is fully furnished and has a terrace garden. Currently, we also get 20 thousand rent for the house.
Prathibha poddar
147 Views
1 Answers
4 Year
2020-12-21T11:21:19+00:00 2020-12-22T15:10:58+00:00Comment
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