serviced Apartments in india

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2. May 25,2018 RealEstate service apartments in mumbai, serviced apartment investment, serviced apartments, serviced ApartmentsinindiaSrishtiChandola Like0 A serviced apartment is basically a furnished property constituting a small kitchen and the rooms that are equipped with urban communication facilities like fax, telephone and internet connection. These homes are generally are spacious than a hotel room and can have other facilities such as housekeeping staff, conference rooms, and concierge service. Began in Mumbai I 2003-04, the trend of serviced apartments moved to Delhi and Bangalore before setting footprints to smaller cities, majorly Delhi before extended as well as could have features and facilities driven by the commercial activities. The demand for such kinds of home sin steered by the executives belonging to corporate sector with the expatriate who travels to India for working purpose that could last for months. Owing to the presence of the huge number of Multinational companies, the demand for such serviced homes in Gurgaon and South Delhi is prettyhigh. Popular among theexpatriates With the businesses going global, the increasing numbers of the expatriates are coming to India for work purpose. Since the duration of the stay is based on assignment, it certainly makes a lot of sense to rent a serviced apartment over hotel due to the cost-effectiveness. The apartments are popular among the people traveling for medical tourism to thecountry. After making the debut in the metro cities, the trend is now moving towards tier-2 and is now evolving from the previous 3-star to a 5-star format in the hospitality sector. Likewise, where only the individual apartments were previously involved, complete buildings are being converted into the serviced apartmentblocks. Create PDF in your applications with the Pdfcrowd HTML to PDFAPI PDFCROWD

3. Easily managed by the hotelchains In order to reduce the operating costs as well as the guest/staff ratio, the majority of top serviced apartment brands are operated primarily by mainstream hotel chains. Various international brands have tied up with the local developers or builder in Delhi, Mumbai, and Bangalore to build these apartments that cater to the predominantly to the corporate sector. Also, various serviced apartments in India are run by the renowned hotel chains including Marriott International and HotelLeela. Serviced homes are easy to manage as India has the legacy of high quality exceptional and service hospitality. The return, however, on the leasing out like apartments are considerably lower than they actually functioning it on the business level since it doesn’t lock tenant into the long- standingstay. Opportunity forinvestors Irrespective the mainstream hotel organizations being the prime players in the business, numerous developers or builders have put these homes on sale individual home buyers especially, ultra-rich who are looking to own the home in varied locations without bothering about maintenance of the property. On the contrary, mid-sized and small-sized developers are advertising serviced apartments as the investment opportunity with the rental yields to the tune of 9-14 % per annum. Numerous developers including Shubhkamna Buildtech and Central Park have already cashed in opportunity and have their serviced flats in Noida and Gurgaon. Also, some Deli based builders have projects in the pipeline for various locations. As per the present scenario, the primary motive of people motive of people investing in housing properties is capital appreciation over the rental income since the annualized returns from housing property is usually 3-4% while capital appreciation is 10% to15%. Furthermore, the appreciation in the rentals can be seen in the business areas or hubs that draw a lot of business travelers for long-term project related work. Also, that adds to the edge of investingisitgetsgoodrentalincome,soundtaxadvantages,luxuriousapartmentatan Create PDF in your applications with the Pdfcrowd HTML to PDFAPI PDFCROWD

4. affordable rate and no maintenance charges for the owner. Approximately, it has been seen that rentals of the normal apartment are 1/3rd of the serviced apartment. It means that the owner is earned Rs 10,000 per month as a rental from the normal apartment, the similar apartment if service can make the owner earn up to Rs 30,000. Nonetheless, people are investing in similar apartments should spend substantial time in researching as nature of operations is diverse from individual lettingout. ← Add Small Green Space in the Vertical Garden Leave aReply Your email address will not be published. Required fields are marked* Comment Name* Create PDF in your applications with the Pdfcrowd HTML to PDFAPI PDFCROWD

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8. RecentBlogs All you need to Know About Serviced Apartments May 25,2018 Add Small Green Space in the Vertical Garden May 23, 2018 How to Apply for the DDA Schemes May 21,2018 What are the Penalties under RERA? May 16,2018 List of PMAY Projects in Delhi May 14,2018 Favista is a Real Estate Advisory Firm based in Gurgaon, India. Favista believes in making every property transaction experience simple and successful. The aim is to bring transparency, professionalism and simplicity to the complex world of real estate. Favista takes pride in keeping the needs and concerns of the customers in highest regards. Favista Real Estate has been founded by IIT + IIM/INSEAD alumni with experience in strategy consulting, internet marketing, venture capital having been part of companies such as McKinsey, Capital One, PartyGaming and SSGCapital. Favista is a full service brokerage helping buyers/investors buy, sell, rent or lease property in India. Favista offers best realty advice for Apartments and Flats for sale in India, land/plots for sale, New Residential & Commercial Projects in India and also assists selling properties at best rates. Favista.com is the only Property Site in India that lists 100% verified properties. Favista currently operates in Gurgaon, Delhi-NCR, Noida, Mumbai and Bangalore.Those intending to sell property in India will also find this website very useful owing to the extensive reach, high brand recall and trustworthiness in the real estatespace. In order to make our customers happy and for us to reach our goals, we follow the key tenets of transparency and consistently maintain integrity in everything that we do. With this professional attitude, we are set to become your preferred choice for all real estate services inIndia. ABOUT AboutUs QUICKLINKS Create PDF in your applications with the Pdfcrowd HTML to PDFAPI PDFCROWD

9. OurTeam Career Contact Us Terms PrivacyPolicy Disclaimer SiteMap Post PropertyFREE EMICalculator Blogs Compare Projects Download MobileAPP SaleProperty RentProperty CONTACTFAVISTA Toll Free - 1800 2121 000 (ALLINDIA) Gurgaon -+91-124-3378700 Noida -+91-120-4117463  Unit 235 to 240 2nd Floor, Vipul Trade Center,Sohna Road Sector 48, Gurgaon, Haryana122002. Mumbai -+91-22-40142051 Email Sales -sales@favista.com Email Enquiry -info@favista.com 1 Square meter = 10.764 Squarefeet HaveMoreQuestions?Donothesitatetocontactus! ReadourFAQ'sorLeaveafeedbackforustocontactyoushortly. © 2015 Favista Real Estate Pvt. Ltd., All RightsReserved. Create PDF in your applications with the Pdfcrowd HTML to PDFAPI PDFCROWD