A useful break-even view: gross annual rent is €39,144. To retain a 5% net yield on €547,400, annual operating costs and vacancy could total no more than about €11,774. At a 4.5% net yield, the allowance rises to roughly €14,511. Put every quote into those two budgets and see how much...
I would value the tenant rather than chase the full asking figure. The gap is €487 per month, but one vacant month at the current rent would consume almost ten months of that difference, even before refurbishment or reletting costs. First confirm what increase and notice your particular contract...
Before choosing, I’d request three things from each candidate: the exact scope with exclusions, a milestone-by-milestone fee schedule, and independent evidence relevant to similar Mumbai condo work rather than general testimonials. Then have the transaction documents and any legal or tax...