Presentation for H2O GROUP

Best Real Estate Companies in Noida, Delhi NCR

Suites are of various types. This includes Suite (music) a set of musical pieces considered as one composition, Suite (art) a set of related illustrations considered to be part of one composition and Suite (hotel) a type of hotel room. Services means providing facilities to others. So combining both we get, Service Suite is a fully furnished apartment available for both short-term as well as long-term stays, providing all the hotel-like amenities. They are also refer as service apartments. It is mixing home and hospitability

Now a days people search for the most cost efficient hotels, and the Serviced apartments are the most cost efficient in this category as they include soft-furnishings with cooking utensils so that long term tenants need not bring their own, and have all the services like housekeeping, reception services, all utilities, fast WIFI connection and gas connection in their rent only. They also provide 24 hour power supply.There are various types of Serviced Apartments i.e. Studio Apartments, one bedroom apartment, two bedroom apartment and three bedroom apartment. The difference is only that studio apartment don’t have living room to relax. All of them have bedrooms, bathrooms and kitchen. Some of them may have out office and conference room.

Service Apartments were introduced in USA in early 1960’s. With the boom in international travel, especially amongst corporate professionals, the need for serviced apartments has risen dramatically. Serviced apartment offer several benefits in comparison with regular hotels for long stay guests in terms of environment, space and privacy. Serviced apartments could also be more convenient when travelling with a family as one has the privilege to cook one’s own meal. 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 are various types of Serviced Apartments i.e. Studio Apartments, one bedroom apartment, two bedroom apartment and three bedroom apartment. The difference is only that studio apartment don’t have living room to relax. All of them have bedrooms, bathrooms and kitchen. Some of them may have out office and conference room.

Due to globalization and boom in the IT and technology sector there is increase in scope of the service apartment as because of increase in demand through the MNC’s. Globalization is leading 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.

Leading hotel chains such as Hotel Leela Venture, Grand Hyatt and Marriott International run several serviced apartments in the country in NCR region which make people to invest their money in their project as ROI rate is 9_14% which also increase the investment opportunity in the country. The ultra rich people who want their own accommodations in different locations invest their money as they don’t have to worry about the maintenance. Different companies like WIPRO, Coginzant also make deals with the dealers to provide these apartments in bulk, so their employees will have personalized services in a home like private atmosphere and they have to pay less. Some of the builders were Central Park in Gurgaon, Delhi suburb, Shubhkamna Buildtech in Noida offering serviced apartments.

And also the builders have to face challenges due to stiff competition to infrastructure hurdles and due to road problems as all of the buyers need the rood around their apartments well built due to increasing no of cars.