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Real Estate >> News
Serviced Apartments A Perfect Match to Demands in Metro Regions
By
siliconindia
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Tuesday, September 17, 2013
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Delhi NCR has been the region for immense growth and expansion of real estate assets across its subsectors. This growth has been an outcome of the advance in the service sector and rapid urbanization in the outreaches of this region. The sprawl of urbanization has considerably transformed the preferential trends in the residential and commercial real estate market. The buyers in the present day prefer to stay in the proximity of business districts where the residential units are facilitated with all the contemporary amenities of daily use.
Out of the different specifications of homes in demand, the serviced apartments have come-up as the highly sought after accommodations in Delhi NCR. Being fully furnished, the serviced apartments are the most economical substitute to expensive stay in hotels. Not only for the short-term and holiday stays, the serviced apartments have gained a significant demand in the corporate sector as well. The professionals traveling to different states for business deputations/transfers also prefer these apartments where they have their privacy, advantageous location and a home-like comfort that is available at reasonable expenses.
The contemporary serviced apartments have been ideally converted into destinations of accommodation with all the facilities of upscale hotels yet priced much less than the extravagant lodging in these hotels. With reception and a concierge service to compact kitchens and gardens, these serviced apartments offer the comfort and convenience that one seeks from an expensive motel. These apartments have also become one of the most preferred options for the corporate lodging where the outsourcing agencies are offering stays ranging from short-terms to annual contract packages. These corporate serviced apartments are fully loaded with amenities like access to Wi-Fi, television, styled wardrobes, finest of fixtures in the kitchens and washrooms.
Unlike in the past, the present day serviced apartments are being preferred by the business professionals, students, bachelors as much as by the travelers. Being cost-effective and a convenient habitat, the demand for these serviced accommodations is no more limited to short term stays. The demands of prolonged-stay habitants have also facilitated in even further discounted tariffs being offered by the brokers and owners of these serviced homes.
The transforming occupational structure in the metro regions and the consequently adapting lifestyle has encouragingly welcomed the concept of serviced apartments. The growing interconnectedness between various branches of Indian and multinational corporations in India warrants frequent business travels by their professional. The reduced cost of travel and the intricacy in demands of habitation has further encouraged the serviced apartment way of living in the urban regions of India. Owing to the increased preferences of this contemporary living, the hospitality sector has also witnessed a price correction in their offerings. The competition with serviced apartments has called for the lowering of tariffs by the 2 & 3 star hotels in order to keep up the revenue flow.
The serviced apartments in the Delhi NCR have received tremendous success over the last few years. With the expanding urbanization and further opening up of Indian economy, the serviced accommodations are expected to be preferred by a larger section of aspirers who prefer convenient and cohesive residential units.
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