There is a huge burgeoning
demand for quality rental accommodation due to the last five
years of bull growth of Indian economy & resultant corporate
mobility. The market opportunity to provide short & medium
term furnished accommodation is substantial, aggravated further
by a very big shortage in hotel space.
Many of our clients are taking advantage of our buy to let
apartments are therefore buying out blocks of apartments in
a development, having them furnished, and letting them out
to reputed companies with concierge and maintenance services
on medium term lease. These 'buy-to-let' apartments give a
better rental income.
Serviced Apartments take
the idea a step further and usually yield even higher rentals.
These are not only furnished but also equipped with gym, kitchen
and dining facilities for short-term executive stay. The apartment
blocks would be managed by reputed operator who will manage
for a fee. Serviced apartments have become increasingly popular
as high occupancy rates and steep room tariffs have made hotel
costs prohibitive.
