The difference is ₹46,300, roughly 16%, but asking rent is not necessarily achieved rent. I would first verify comparable occupied properties, then offer a smaller increase with clear notice rather than chasing the full gap. A reliable tenant’s payment and maintenance history has real value...
Thirty-seven days alone sounds more like property-level variation than a market turn. I would compare recent completed sales within the same neighbourhood boundaries and condition range. Also watch whether new listings are accumulating or merely replacing withdrawn stock. Earlier price cuts...