With a rapid increase in the number of business travellers, mostly employed with multinational companies/ diplomatic missions/outsourcing sector etc, the demand for temporary residence or serviced apartments has considerably risen. Currently, the NCR market offers a wide range of serviced apartments varying in facilities, space and ambience to suit the needs of the clients.
Another popular format is the mixed-use development, which incorporates serviced apartments in the larger commercial development including office and/or retail spaces. One such example is Wave Service Apartments is a part of Wave Mega City Centre project. Wave Mega City Centre project land is more than 150 acres. Wave Mega City Centre project offers Residential and Commercial (Shop Cum Office) space in the Heart of Noida. Wave Mega City Centre is a project coming with Commercial and hotel, Retail, Residential, Multiplexes and many more.
Majority supply in this sector can be categorised as unorganised where independent buildings or apartments, owned by individuals or entities are, leased out on a per month basis and run as serviced apartments. South Delhi and Gurgaon have seen numerous such apartments being offered owing to the prestigious address value and growing attractiveness as a business destination, respectively.
Location is the prime factor in determining the rental values of serviced apartments. Rents also vary depending upon quality of construction, furnishing / interiors fit outs and services provided in the apartment.With a rapid increase in the number of business travellers, mostly employed with multinational companies/ diplomatic missions/outsourcing sector etc, the demand for temporary residence or serviced apartments has considerably risen. Currently, the NCR market offers a wide range of serviced apartments varying in facilities, space and ambience to suit the needs of the clients.
Another popular format is the mixed-use development, which incorporates serviced apartments in the larger commercial development including office and/or retail spaces. One such example is Wave Service Apartments is a part of Wave Mega City Centre project. Wave Mega City Centre project land is more than 150 acres. Wave Mega City Centre project offers Residential and Commercial (Shop Cum Office) space in the Heart of Noida. Wave Mega City Centre is a project coming with Commercial and hotel, Retail, Residential, Multiplexes and many more.
Majority supply in this sector can be categorised as unorganised where independent buildings or apartments, owned by individuals or entities are, leased out on a per month basis and run as serviced apartments. South Delhi and Gurgaon have seen numerous such apartments being offered owing to the prestigious address value and growing attractiveness as a business destination, respectively.
Location is the prime factor in determining the rental values of serviced apartments. Rents also vary depending upon quality of construction, furnishing / interiors fit outs and services provided in the apartment.