Serviced Apartments: Concept
The term “serviced apartment” is used when referring to an alternative for hotel or any form of accommodation for short and long-stay leisure and business travellers, but distinctions can be made between the different types:
The extended stay hotel or “aparthotel,”
It generally offers a 24 h reception, is located in main areas of the city, and attempts to give the guest a home away from home feeling, within a hotel-like environment. It can range from budget to deluxe, and rooms range from studio apartments (one spacious efficiency unit that can be used as living area and sleeping area, a little kitchenette and a separate bathroom), to two- or three-bedroom apartments, which offer a separate living area, a kitchen, one or more bathrooms and separate bedrooms.
Because of the availability of kitchen facilities in the apartments, extended stay properties and apart-hotels usually offer no extra services, such as restaurants and bars. However, some extended stay properties have been built as an annex to existing four- or five-star hotels, and the guests in the apartments can make use of the hotel’s facilities at no extra charge.
The Corporate housing
These are residential apartments that have been upgraded for shorter term rentals and packaged together with services such as cleaning, utility charges, local taxes, telephone and television for stays of 30 days or more. They can be in city centres but are more often than not on the outskirts of town, within easy access to main business areas.
What both types have in common is that the units are all fully furnished and equipped, including conveniences expected in hotel rooms such as television, DVD, and internet access, but also catering facilities. High end serviced apartments may have luxury features such as European-style gourmet kitchens, generous closet space, full-sized washer and dryer, ceramic tiled bathrooms, oversized tubs, and high-tech wiring/networking capabilities.
Serviced Apartments : Benefits & offers
A serviced apartment is a fully furnished apartment available for both short-term as well as long-term stays, providing all the hotel-like amenities. Serviced apartments typically include soft-furnishings and cooking utensils so that long term tenants need not bring their own, and have all the services like housekeeping, front office, parking & others included in the rent. Serviced apartments therefore include all of the convenience of hotel rooms but can be less expensive than equivalent hotel rooms for longer stayers. Because of the beginning of the boom in longer stay international travel as well as the corresponding increase in the level of sophistication of international travelers, interest in serviced apartments has risen at the expense of the use of hotels for short stays. Benefits may include more space and privacy, convenience when travelling with a family, and the savings associated with cooking one’s own meals in the apartment. The term ‘Serviced apartment’ is an umbrella term covering all the brands models, some with high levels of service and others with a no frills approach creating savings for guests and operators alike.
Evolution of serviced apartment concept in India
The concept of serviced apartments arrived in India in 2003-04. Starting from Mumbai, Bangalore and Delhi, serviced apartments have extended their presence to smaller cities, driven by commercial activities. There has been a sharp surge in business travel over the last few years with India becoming more integrated with the global economy. Executives from India and abroad frequently travel to business hubs and spend weeks and months working from different locations.
Staying at hotels for such long periods is costly. Serviced apartments offer an alternative. For house owners, they serve as an alternative to giving their premises on rent.
Serviced Apartments: Temporary Homes
A serviced apartment is a furnished accommodation with a small kitchen and rooms generally more spacious than in a hotel. It also has modern communication facilities such as telephone, fax and an Internet connection. Some also offer conference rooms, besides housekeeping staff and a concierge service
Serviced Apartments: Demand
The main client base is the corporate sector. The demand is primarily driven by executives of multinational companies (MNCs) and expatriates who come to India on deputation for periods ranging from weeks to months. There is a huge demand for high-end serviced apartments in the National Capital Region (NCR), especially Gurgaon and South Delhi, due to the presence of a large number of MNCs and Corporate houses.
Globalisation is resulting in an increasing number of expatriates coming to India for work. As the duration of their stay is assignment-based, it makes sense to take a serviced apartment on rent rather than staying in a hotel.
Serviced Apartments: An investment opportunity
Although mainstream hotel companies are major players in the business, several developers are offering these apartments to individual buyers. Some of these are targeted at the ultra rich who want to own accommodations in different locations without worrying about their maintenance.
Several small- to mid-size builders are marketing serviced apartments as an investment opportunity with good returns per annum. At present, investment in residential properties is more for capital appreciation than rental income. Annual yield via rental income from a residential property is generally 3-4% a year while capital appreciation is 10-15%.
Like any property investment, location is important in this case too. Proximity to business centres and good connectivity will lead to higher rental income and capital appreciation. As the quality of service also decides the rental yield, it is important that the facility is managed by a reputed service provider.
Serviced Apartments: A Professional Link
Serviced apartments can become a popular option for generating higher rental income from value-added services when professional property management companies start offering services and finding guests.
Serviced Apartments: Future
As India’s economy expands, the demand for serviced apartments will increase along with the floating population. These apartments can also become a preferred choice for those seeking a luxurious lifestyle. With demand rising, more developers will start offering facility management services, either directly or in collaboration with hospitality firms. “The concept will grow as India becomes more global and offers career opportunities on a par with the developed world.
If you want to invest in real estate, it may be a good idea to diversify your exposure to serviced apartments for a higher annuity income than what residential apartments can give. Don’t forget to undertake a due diligence of the project before sealing the deal.
Serviced Apartments in Delhi
There is a huge demand for serviced apartments in Delhi. Being capital of India, New Delhi attracts large number of seasonal tourists, corporate houses, MNCs, Expats, Medical Tourists, Foreigners and more. Serviced Apartments offer luxury and comfot in Delhi. We are the pioneer rental service provider for serviced apartments in New Delhi, South Delhi, Central Delhi, East Delhi, North Delhi, Dwarka, Gurgaon NCR, Noida, Ghaziabad, Faridabad, Greater Noida and more.
We have wide range of Studio Apartments, 1 Bedroom to 5 Bedrooms(1BHK,2BHK,3BHK,4BHK,5BHK Serviced apartments) furnished serviced apartments in posh localities of New Delhi, where you can experience the luxury and comfort at affordable prices. We provide leasing services for serviced apartments in the New Delhi areas of Connaught Place, Golf Links, Jor Bagh, Lodhi Road, Sunder Nagar, Shanti Niketan, Anand Niketan, Lajpat Nagar, Vasant Vihar, South Extension, Green Park, Safdurjung Enclave, Hauz Khas, Saket, New Friends Colony, NFC, Defence Colony, Panchsheel Park, C R Park, Greater Kailash GK, East of Kailash and more places in Delhi
All these apartments are well placed near business and leisure hubs which make them preferred choice to corporate, holiday and business travelers, expats, foreigners, medical tourists, foreign delegates, students, professionals, skilled workers, people on employment visa, expatriates relocating to India, etc. All the serviced apartments are spacious, stylishly designed and decorated in tasteful colours, equipped with everything you will need. The serviced apartments are centrally located so it is convenient for you to travel around Delhi areas. You just need to send us your preferred location, budget and duration of stay. Our apartment experts will help you book from our selection of apartments across Delhi.
All apartments are beautifully designed with fully air-conditioned rooms, attached modern bathrooms, LCD with dish cable connection, Internet & Wi-Fi connectivity, double beds with spring mattresses and pillows, power back-up, etc. Fully equipped kitchen ensure self catered apartment facility and cook services also available on request.
All serviced apartments are located in the posh locality of New Delhi and these luxury serviced apartments are fully equipped with modern bathrooms, kitchens and all amenities. These qualities and features make these serviced apartments a preferred choice with Corporate and Business Travelers, Holiday Travelers, Foreigners, Tourists, Medical Tourists & Patients, Students on student visa, People on Employment visa to India, etc. Our fully furnished luxury serviced apartments in Delhi are also popular with Medical Tourism guests as Max International Healthcare Hospital, AIIMS, Apollo Hospital, Medanta Hospital etc. are in close proximity. Serviced Apartment offers flexible accommodation options for rent in Delhi, depending upon guest requirements and budget or according to duration of stay.
Our Serviced Apartments : Features
- Fully air-conditioned/heated rooms and living area
- Daily Housekeeping
- Rooms with attached bathroom
- King size beds with spring mattress
- LCD with D2H connection
- Prefix wardrobes
- Wi-Fi high speed connectivity
- Digital Safes
- Fire Alarms
- Linen changes twice in week
- 24 Hours security guard
- 24 Hours hot and cold water
- 100% power backup
- Car Parking
- Doctor on call
- Laundry on request
- Cab on request
Serviced Apartments: Our specialities
We are a leading Rental Agency in Delhi for providing accommodation to domestic & Inbound tourists and corporate houses. We have diversified into the Serviced Apartments, bringing in our rich experience of the Travel sector to cater the needs of Multinational Companies MNCs, Non Resident Indians (NRI’s), Expatriates, Foreigners, Foreign Nationals as well as local corporate houses. Our goal is to provide world-class accommodation with a personal touch to our guests, based on a hand-picked selection of apartments.
We also offer the services of our professional Concierge Travel Desk that can arrange airport pickups & transfers, rental cars, flight tickets, restaurant bookings and sightseeing tours for our guests and their families.
Serviced Apartments for Corporate Housing
Our corporate housing services are ideal for business travellers coming to Delhi for work. These serviced apartments offer a preferred choice with Corporate and Business Travelers, Holiday Travelers, Foreigners, Tourists, Medical Tourists & Patients, Students on student visa, People on Employment visa to India, etc. for shorter or longer stay. We offer Service Apartments and Corporate Guesthouses that are economically viable than hotels, comfortable and homely, and are complete with all business services like Computers, Internet and 24 hours power backup.
These are backed by our concierge services desk that can arrange rental cars, flight tickets, restaurant bookings and sightseeing tours for your corporate guests and their families. These are backed by our concierge services desk that can arrange rental cars, flight tickets, restaurant bookings and sightseeing tours for your corporate guests and their families.
For property owners in Delhi, Gurgaon, Noida & NCR we can help you turn your property into a lucrative serviced apartment. Please contact us for an attractive proposal of our property management services where you can safely place your property into the hands of our apartment experts.
Our management and employees will adhere to our strict standards and make sure your property is well looked after, ensuring a regular clientele that generates high ROI for you.
Serviced apartments cab be booked online via websites or through phone call. As there is huge demand of serviced apartments in NCR regions of New Delhi, Gurgaon, Noida and in all major cities of India, it is highly recommended to confirm booking well in advance.
RELOCATION TO INDIA
CORPORATE AND INDIVIDUAL RELOCATION-SERVICES
Relocating to a foreign country can be an intimidating prospect and a costly affair for both company and employee, requiring a lot of organization and flexibility. The success of any relocation is primarily in the swift and smooth integration of an individual and/or family in to their new setting and social environment. Let the team at Maxwell Estate Agents take care of your relocation to ensure an effortless transition.
We, at Maxwell Estate, will assist you every step of the way; our consultants will assist with local expertise and make the transition for your new employee or your family as smooth and efficient as possible.
BUSINESS AND FURNISHED APARTMENTS
Our furnished apartments are available for long or short term rental. Whether you are waiting on your furniture shipment, still searching for your permanent home or perhaps you are here on a fixed-term project and prefer to stay in a furnished accommodation. Whatever your reason, we are sure you will feel at home in our furnished business apartments. Please contact us for more details and reservations. WE HAVE YEARS OF EXPERIENCE IN RELOCATING
Let the Maxwell Estate team take care of your relocation. Our experience and enthusiasm are reflected in our service. We look forward to hearing from you.
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