High demand for serviced apartments in Bangalore
The demand for serviced apartments in Bangalore are increasing at a fast pace as it offer a wide range of services and amenities like kitchenettes, internet, cable and Wi-Fi connections and more for either short-term or long-term stays.
It gives you the experience of staying at a home away from home. Rising costs and inflation are key factors in the increase of rentals in Bangalore service apartments.
Service apartments have become popular among people who travels often as they are less expensive compared to hotels. This kind of apartments in Bangalore can be rented out for long term as well as short term.
Services apartments are becoming the best option in metro cities with the flourishing corporate culture. Besides, serviced apartments are gaining huge response in Bangalore, mainly among corporate people and business travellers.
For homely atmosphere, people are opting for serviced apartments than a five star hotel. Families also come and stay in these apartments during vacations. Students from abroad, who come on assignments to India also prefer to rent serviced apartments.
The rent for serviced apartments is on daily basis and the rent for 1BHK is around 2,000 per day and for 2BHK it is 2,500 per day, said a serviced apartment’s owner. However, the rent for these apartments differs depends on the location. And, serviced apartments are more popular in places which are in close proximity to commercial hubs.
Koramangala in Bangalore city has more than 50 serviced apartments. The real estate consultants say that most of the corporate tourists prefer staying at Koramangala as it has close proximity to Indiranagar, Electronic City where most of the IT centers are put up.
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