Fast Track Growth Story of Serviced Apartments in Bangalore

Bangalore - the Silicon City of India has been a buzzing IT destination for the past few years. The development of IT production has played a prominent role in glorifying the silicon city in India. The development of IT business in Bangalore has simultaneously increased the growth of serviced Apartments in Bangalore. Due to the development, growing number of professionals are packing their luggage to start and oversee business operations in Bangalore city in India. Many of them are coming for long stays from 1 month to a year.

Most of the serviced Apartments are visited by Business travelers of software industry and BPO sector. These are driven by the increased demand of the booming corporate sectors, Mainly IT and ITES, Business and leisure Travelers a part of this medical tourists coming for treatment are also fuelling this demand. A number of software industries are concentrated in a vast areas where the fine infra structure is available. The Business executives who work in flexible work hours should be accommodated close to their work place. Thus, there is a high demand of serviced Apartments and PG Accommodations where the IT companies are concentrated.

Now a day, the highly paid professionals are investing on serviced Apartments which are fully furnished with the combination of all comforts and facilities of home, for best making use of tax benefits and loans. Present, the serviced Apartments are progressively most preferred choice of those who are looking for a home away from home. In Bangalore city the serviced Apartments help avoid the tiresome transactions required to lease flats.

Bangalore has a large number of serviced Apartments which are luxurious and fully furnished with all the world class amenities in different areas like Airport Road, Kormangala, Indira Nagar, JP Nagar, Marathalli, Sarjapur Road, Hosur Road and other IT areas. According to the present scenario, Serviced Apartments witness up to 90% of the occupancy in Bangalore city and Bangalore accounts 51% of foreign business travelers are visiting annually. Many Apartment builders are venturing in to service Apartments and providing an extended stay accommodation. The success story of the best real estate builders in service Apartments in Bangalore are well known now. The development of International Airport has also attracted the serviced Apartments in Bangalore.