Hyderabad witnesses demand for service apartment

Q: Hi, I have heard that Hyderabad is witnessing a hig demand for service apartments! Kindly share the news.

Abdul Zafar, Hyderabad

22nd November 2013

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Replies (2)

Hey guys as far as I know service apartments are often popular in and around the IT hubs and commercial office spaces. I think most of them are largely located in HITEC City, Jubilee Hills, Kondapur, Madhavpur and Gachibowli.

Vivek Kulkarni,

22nd November 2013

Comment

@Vivek : The serviced apartments in HITEC City, Jubilee Hills and other such localities are available within the average size range of 1000-1300 sq ft and these offer 1, 2 and 3BHK and are available for Rs 3,000-4,500 per sq ft.

Supratim,

22nd November 2013

Guys do you know in Gachibowli is available on rental values between Rs 20,000 and Rs 25,000 per month and for serviced apartments in HITEC City are being offered at a rental range of Rs 15,000-20,000 per month.

Mritunjoy Deb,

22nd November 2013

Hi Abdul : The need for serviced apartments in various developing areas has increased. I think after Delhi, Gurgaon, Mumbai and Bangalore, Hyderabad is the other city that has joined the bandwagon.

Vivek Kulkarni,

22nd November 2013

Comment

@Vivek: And today the working population from India and abroad is travelling frequently to business and IT hubs and is also required to spend months working on various project so the service apartments are preferred by them over long stays in hotels.

Balwinder Singh,

22nd November 2013

Also the service apartments offer a home-like atmosphere to the professionals. I think that's great especially for working professionals.

Mritunjoy Deb,

22nd November 2013