To invest in real estate has been basically a good investment option-but this is nothing new for those people who have good property and they have a better cultural understanding of owning a house of their own.
In some developed countries, there are high house owner occupancy rates, but to invest in the service apartments in Gurgaon, the real estate industry is slowly but steadily gaining the momentum across the world.
So what are serviced apartments?
They can be a convenient and cost effective way for the leisure and the business travellers to look for a prolonged stay option that appears to be in close semblance with the apartment style of buildings.
What’s the difference?
The difference lies in the fact that when compared to the accommodation options like, motels and hotels, service or hotel apartments in Pune provide a more feel of home kind of feeling. The guests are offered with a self-contained apartment kind of environment to reside, which will provide all the facilities of a restaurant and will also provide facilities like bar, laundry, and also provide a comfortable personal space.
There are some likeable resemblances with the hotel, or motel, but the service apartments have an extra advantage of a hotel kind of environment with additional perks and discounts. These apartments are fully furnished and it also provides a greater level of privacy. Some apartments also provide valet laundry services.
You will find a wide range of accommodation options that can be accessed within the complex from the studio apartments to one and two bedroom suites.
Is it wise to invest in serviced apartments?
As per the rate of the business growth of the travel and tourism sector and with high level of occupancy rates, service apartments are becoming a widespread reality across the world.
There are some elements of risk too that are involved with the service apartments, just the same like in any kind of investment- but these guest house in Gurgaon provide better returns with low level of risk.
Some of the common benefits are –
- A fixed rental income
- 100% tenancy
- Long term lease
- Tax and superannuation benefits
- Zero management fee
- Zero letting fees
- Zero repair and maintenance obligations
On top of that, the residential properties depend on the official negotiations with the tenants, the costs associated with the landlord etc. But all of these factors are usually managed by the service apartment investors and the management fees are also very less.
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