national capital regiona residential unit measuring approximately 5000 sq ft situated in panchsheel park in south delhi was leased to an nri for a monthly rental of rs 300000 the duplex property has commanded the prevailing rental value the rental value for comparable property in the region ranges from rs 175000 to rs 325000 per monthrental values have seen a rise of 5 over the last quarter in the region of southcentral areas of ncr which includes panchseel park due a steady rise in demand and limited availability going forward however rental values will remain stable in the short to medium termmumbaian apartment measuring 3000 sqft located in powai was sold for a rs 69 crore the apartment set in the one of the mostsoughtafter locations in mumbai commanded an average capital value of rs 23000 per sqft and is as per the current average which ranges between rs 23000 and rs 32000 per sqft however the suburban locations of mumbai have not seen any change in the values in the last three months the rates are expected to remain stable in the short to medium termkolkataa highend residential apartment spread across 1309 sqft was leased to a corporate for a monthly rental of rs 38000 the apartment is located in a wellmaintained residential complex located in the area of rajarhat one of the fastest developing residential locations in the city given the parallel development of commercial office space and corresponding retail spaceit is well connected through road network to various parts of the city and has been attracting many corporates looking for residential space for their senior executives given the current demand for rental properties the area has seen an increase of 6 in rental values in the past quarter it may not see a rapid rise in the short to medium term as rental markets are generally sensitive to rapid price movements