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I’d put exact micro-location ahead of condition. In Delhi, “same broad area” is not necessarily close enough for valuation purposes. Light and location may also already be reflected in the comparables, so adding separate premiums could double-count them. Tenure is the other major unknown: is it...

There is also a middle option: keep it for a defined trial period rather than making an open-ended commitment. Build a 12-month budget with a vacancy allowance, maintenance reserve, insurance, property tax, management and one possible tenant change. Set a maximum cash contribution you will...