A furnished accommodation with a small kitchen and rooms generally more spacious than in a hotel is available on rent. Yes This is a new theory and new concept of TEMPORARY HOMES.
The concept of serviced apartments arrived in India in 2003-04. Starting from Mumbai, Bangalore and Delhi, serviced apartments have extended their presence to smaller cities, driven by commercial activities. It also has modern communication facilities such as telephone, fax and an Internet connection. Some also offer conference rooms, besides housekeeping staff and a concierge service.Serviced apartments offer an alternative. For house owners, they serve as an alternative to giving their premises on rent.
Serviced apartments can become a popular option for generating higher rental income from value-added services when professional property management companies start offering services and finding guests.
If you want to invest in real estate, it may be a good idea to diversify your exposure to serviced apartments for a higher annuity income than what residential apartments can give. Don't forget to undertake a due diligence of the project before sealing the deal.
The concept of serviced apartments arrived in India in 2003-04. Starting from Mumbai, Bangalore and Delhi, serviced apartments have extended their presence to smaller cities, driven by commercial activities. It also has modern communication facilities such as telephone, fax and an Internet connection. Some also offer conference rooms, besides housekeeping staff and a concierge service.Serviced apartments offer an alternative. For house owners, they serve as an alternative to giving their premises on rent.
Serviced apartments can become a popular option for generating higher rental income from value-added services when professional property management companies start offering services and finding guests.
If you want to invest in real estate, it may be a good idea to diversify your exposure to serviced apartments for a higher annuity income than what residential apartments can give. Don't forget to undertake a due diligence of the project before sealing the deal.
