Serviced Apartments: What Their Increasing Demand Means for Investors

Lately, you must’ve heard the term ‘serviced apartments’ being thrown around a lot. Headlines raving about the increasing demand for serviced apartments are bound to evoke curiosity. And quite frankly, a few questions too –

What are they?

Why are they so popular?

Should I consider investing in them?

These are all great questions, and very valid too. In this blog, we’ll attempt to answer all of the above so you get a clear picture of the investment possibilities of serviced apartments.

What are serviced apartments?

First, let’s start off with the basics. It’s easy to simplify serviced apartments as commercial spaces for rent, but they are a lot more than that.

A serviced apartment is a fully-furnished apartment that can be rented out for short-term or long-term stays. Think of them as a fusion of hotels & apartments. A place where you can stay temporarily, except it has a kitchenette, a laundry area and other amenities you expect at home. Typically, they are either studios or 1 BHK apartments.

Since these spaces can be rented out, investors have turned their eye towards them, looking upon them as a viable option in the real estate investment market. But we’ll get to that aspect a little later. Let’s first discuss their increasing popularity

Why are serviced apartments so popular?

Though a relatively new concept in the field of investments in India, serviced apartments have come to enjoy popularity both as a hotel alternative and as a rewarding investment choice.

First, let’s take a look at why they’re so in vogue with the traveling businessperson –

• Serviced apartments are considerably more affordable than hotels, especially as far as long-term stays are concerned. This makes them a cost-saving choice for both individual business travelers or companies who station their employees in other cities temporarily.
• They serve as temporary homes. Fully-furnished accommodations equipped with small kitchens and dedicated laundry zones, these flats offer more space than regular hotel rooms while keeping facilities such as telephone, fax & internet connection intact.
• You get added facilities as well, which range from conference rooms to concierge services, health club and swimming pool among others, making life easier for the businessperson on-the-go. 

Should you invest in serviced apartments?

So that covers the traveler’s side of things. What about investment? Should you invest in a serviced apartment? Will it be more profitable in the long run? Questions abound, but luckily so do answers. Let’s dive in and find out the reasons why investing in them might make sense –

• Serviced apartments present a safe, secure and stable investment option.
• They offer long-term benefits. Your ROI is liable to increase year-on-year, helping you earn a truly handsome monthly return.
• Their cost-effectiveness makes them an attractive choice for business travelers, which means investors can be assured of regular occupancy and thus, a steady flow of income. This security can be further fueled by the service apartment operator having tie-ups with leading MNCs to ensure continued demand.
• Investing in a serviced apartment can help you save a significant amount of tax. This can further add to your earnings, because you know as they say, ‘a penny saved is a penny earned.’

Although the above might seem like a pretty tempting list to get you on the bandwagon of investing in serviced apartments, there’s more in store if you know where to invest. Allow us to present to you a truly fruitful serviced apartment investment opportunity – Starlit Suites.

Starlit Suites: A prime example of serviced apartments in India

Starlit Suites is a leading 3-star serviced hotel apartment provider, currently spread out across 7+ big cities throughout the country with its headquarters in New Delhi, India. The company has been successfully operating its chain of serviced apartments for years, catering to both businesses and investors by offering rental spaces with high monthly returns.

The latest to join its suite of high return yielding properties is Starlit Suites, Kolkata. Backed by top builders of Kolkata, Isha Group and Zion Realty, Starlit Suites is your key to a worry-free investment that keeps on giving. Here’s why –

• Starlit Suites Group has tie-ups and contracts with over 200 leading MNCs with many of them being Fortune 500 organizations such as Cisco, TCS, Dell, Infosys and Wipro among others. This guarantees demand for rooms and a 60% occupancy rate along with assured income so you have nothing to worry about.
• Profits keep on increasing year-on-year. You start with a 7% to 10% per annum return, going up to 16% per annum by the 15th year.
• Starlit Suites also stacks up higher compared to other investment opportunities, helping you earn 3 times more than regular deposits and 2 times more than fixed deposits.
• It’s a completely hassle-free & stress-free option. Investors don’t have to bear the brunt of management as that’s entirely taken care of by Starlit Suites. Plus, there’s the benefit of zero hidden costs and a 20-year lease to go with it. 

If you’re looking for a property for sale in Kolkata to supplement your primary income, look no further than Starlit Suites. The benefits listed above are just a tip of the iceberg. Starlit Suites can help you thrive & prosper with a low capital investment and an affordable bank loan. Plus, it’s backed by some of the best real estate companies in Kolkata, so you know it enjoys a good reputation too. Get in touch with us if you want to know more.