Serviced Apartments Gaining Popularity In India
Serviced apartments might seem to be a new concept in India, but the fact is, that these are around for quite some time now. A serviced apartment is like any other apartment with the basic difference being that it gives back assured returns to the buyer, sometimes as high as 50%, after deducting the maintenance charges. Serviced apartments provide services like a hotel, such as housekeeping and room service. But, unlike a hotel, a person using a serviced apartment can cook his own food too. So, serviced apartments can be owned by you while the client servicing is provided by the seller. The seller also takes the responsibility of getting you tenants. Gulati remarked that mostly people from foreign countries on work visas stay in the serviced apartments for a duration ranging from a month to even six months or more. Usually corporate guests or those working for companies here hire serviced apartments. The benefits vis-à-vis a luxury hotel are that firstly, serviced apartments gi