Serviced Apartments: Bringing ‘Home and Hospitality’ Together

A serviced apartment is a fully furnished apartment available for short term or long term stays, providing all hotel-like amenities. The term ‘serviced apartments’ is an umbrella term covering all the brand models, some with high levels of service and other will less fancy-frills helping the guests and operators maintain their budget. Serviced apartments also offer services such as cleaning, utilities, Wi-Fi, TV, etc.

Serviced Apartments: Bringing ‘Home and Hospitality’ Together
Serviced Apartments: Bringing ‘Home and Hospitality’ Together

These apartments can range from budget to deluxe and the rooms can range from studio apartments to two or three bedroom apartments. Studio apartment is one spacious efficient unit which can be used as a living or sleeping area with a little kitchenette and separate bathroom.

These luxurious serviced apartments are affordable alternatives to the expensive hotels offering the comfort, space and luxuries of private residences coupled with 5-Star amenities. These apartments have a good workforce and a horde of world-class services pampering the guests.

Some such services offered by these apartments include:

  • Housekeeping services like daily cleaning, laundry services, etc.

  • Transportation with tour and travel assistance

  • Business services like high speed Wi-Fi, concierge service, on site ATM and bank facilities, etc.

The serviced apartments are built with the clients in mind. They can be short stay accommodation or long stay rentals for corporate or leisure travelers. They range from fully equipped studios to 4-5 bedrooms for long lease. Most of these apartments are well placed near business and leisure hubs which make it a preferred choice for business travelers. Some of the newly built serviced apartments are fully loaded with complete entertainment sets like private lounge, pool table, projector screen and other indoor facilities.

One of the recently launched serviced apartments project in NCR is H&S Boulevard Walk. Developed by Home & Soul, the project offers a royal treatment to its residents at its hotel apartments. Consisting of a fully furnished drawing room, bedroom and a modern style bathroom, it provides you with everything you need at home while enjoying a hotel-like stay. H&S Boulevard Walk truly stands for- “A home away from home.”

Retail Realty Segment: The Future of Commercial Real Estate in India

The retail sector in India has been growing at a tremendous pace over the past two decades and so is the Indian ‘retail realty’ segment. The number of organized retail industries in the country has witnessed an annual growth of 20 percent. After the government allowed 100% Foreign Direct Investment (FDI) for single-brand retail, more groups have started venturing into the same. The trend shows that the retail industry will expand in the coming time- first in the metropolitan cities, then in smaller areas.

Retail Realty Segment: The Future of Commercial Real Estate in India
Retail Realty Segment: The Future of Commercial Real Estate in India

Seeing the growth, a number of developers are coming up with their retail shops in NCR, Bangalore, Mumbai and other big cities. To concentrate on a wider investors segment, they have also come up with innovative payment plans and assured return schemes. The assured return schemes are those under which the builder promises to pay monthly return to the investors during the construction period on a predetermined rate.

One of the most talked-about virtual retail projects in NCR is H&S Boulevard Walk. The project offers state-of-the-art virtual retail spaces. These virtual shops are offered in the upper basement floor meant for setting up the hypermarket. The non-demarcated shops in this project would offer a great exposure to the retailers. The mantra for a retail market to be successful is that it should be in close proximity to the residential areas. Strategically located in Sector 4, Greater Noida West, Boulevard Walk is surrounded by thriving clusters of residential and commercial developments because of which it is going to experience good value appreciation in the future.

Virtual retail spaces have a rather complex investment structure and need to be properly analyzed before investing. As a smart investor, you should assess the locational advantages, laws related to the industry, commercial trends, customer reach, etc. Moreover, the rental returns in the retail sector have shown an annual increase of 10-14 percent over the past few years and the trend is likely to remain the same.

So, if you want to put your money into the real estate industry in order to multiply it, retail real estate is an option you should not strike off. These are innovative spaces and earn yields in proportion to inflationary tendencies. Stand-alone commercial and retail setups are going to form considerable parts of the Indian realty sector in future.