Over the last few years, there has been a notable increase in the demand and supply of serviced apartments in the NCR region, due to the demand from business travellers and the young workforce coming into the metropolitan area.
As a result development firms are focusing on increasing their sales in this segment. Upcoming and under-construction projects are expected to ready for possession after 2016, with benefits of rental yield and capital appreciation for owners and investors.
Some developers have tied up with professional firms or hotels for services, others are simply providing the amenities in their projects and leaving it to the buyers to take care of all the maintenance.
Old areas of Delhi also now have such serviced apartments, although delays in construction are being witnessed in the serviced apartments segment.