How much rent anybody should get for a flat having price of 1 crore.
This concept is called rental yield.
If your flat costs ₹1 crores and you get a yearly total rent of ₹2.4 lakh, the rental yield is 2.4%.
The rental yield varies from location to location and it depends on the supply and demand for rental flats.
For a homeowner, the higher the rental yield. The rental yields generally lie between 2-3%.
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