Service Apartments are one of the good choices for people looking for a home away from home, it also helps to avoid the tiresome transactions required to lease flats. According to sources, Serviced Apartments witness up to 90% of the occupancy in Bangalore city. The development of International Airport has also attracted the serviced Apartments in Bangalore.
Day by day the demand for service apartments are increasing because of the development of IT business in Bangalore. Most of the time service apartments are visited by Business travelers of software industry and BPO sector.
Now-a-days people are investing on serviced apartments which are fully furnished and have all the basic amenities of home, for best making use of tax benefits and loans.
Koramangala in Bangalore city has more than 50 serviced apartments. The real estate consultants say that most of the corporate tourists prefer staying at Koramangala as it has close proximity to Indiranagar, Electronic City where most of the IT centers are put up.
The rent for serviced apartments is on daily basis and the rent for 1BHK is around 2,000 per day and for 2BHK it is 2,500 per day, said a serviced apartment’s owner. However, the rent for these apartments differs depends on the location. And, serviced apartments are more popular in places which are in close proximity to commercial hubs.
Service apartments have become popular among people who travels often as they are less expensive compared to hotels. This kind of apartments in Bangalore can be rented out for long term as well as short term. For homely atmosphere, people are opting for serviced apartments than a five star hotel. Families also come and stay in these apartments during vacations. Students from abroad, who come on assignments to India also prefer to rent serviced apartments.
Services apartments are becoming the best option in metro cities with the flourishing corporate culture. Besides, serviced apartments are gaining huge response in Bangalore, mainly among corporate people and business travellers.
The demand for serviced apartments in Bangalore are increasing at a fast pace as it offer a wide range of services and amenities like kitchenettes, internet, cable and Wi-Fi connections and more for either short-term or long-term stays.
Now-a-days Serviced apartments demand increases in Bangalore. The occupancy rate at these service apartments in Bangalore has shown a sharp rise from 20-30 percent to 60 percent.