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Did you know that your vacant apartment can earn some money for you and, that too without having to rent it out? Lot of people who buy residential property in other cities for the sake of investment are often wary of renting it out to some unknown tenants. The common fear is that the tenant may lock into a long-term contract and ultimately cause problems when asked to vacate the property. If this is what is keeping you from renting your property, then you can look at serviced apartments as an investment avenue.
A serviced apartment is often a fullyfurnished accommodation which is available for short-term or long-term stays. These apartments come with basic amenities for daily use, which include a kitchen with cooking range, kettle , microwave, a washing machine etc. If you don't want to cook or do the routine chores, you can even sign up for a complementary breakfast, laundry etc.
The concept of serviced apartments was started in the US and was adapted in India by the early 2000s, as more and more expatriates started to live in India for a medium-term period. The concept was easy to handle as India has a legacy of high-quality services and excellent hospitality. "Most obviously, the concept was implemented first in locations like Delhi, Mumbai, Bangalore and Chennai .
The market segmentation for the same is almost entirely corporate, who engage serviced apartments for their managerial staff and long-stay expatriates . Key demand drivers for service apartments are IT/ITeS, biotechnology, services sector, BFSI and medical tourism . Even while the concept of serviced apartments is well understood, the actual number of serviced apartments is fewer than the actual market potential in India," says Shveta Jain, director , Residential Services, India, Cushman & Wakefield .
Rising demand
"The concept of serviced apartments works very well in the metros and larger tier-II cities, where starred hotels are notoriously overpriced. Serviced apartments are the emerging trend in the corporate hospitality sector. Often, the executive traffic of many MNC and domestic companies is too erratic to justify a standalone company guesthouse," says Badal Yagnik, managing director, Chennai & Coimbatore , Jones Lang LaSalle India. Also, the needs of such business occupants are very different from those of the usual hotel occupants.
Serviced apartments, which invariably offer a suitable 4-star service and facilitation level, are the natural choice. "Serviced apartments offer business travellers facilities such as fully-equipped kitchens with self-catering facilities and various bedroom choices, and are far more costeffective than hotels in the vicinity of workplace hubs," Yagnik adds.
How to tap the right clients?
There are a number of operators whom you can engage to run a serviced apartment . This will help you to reach out to the right clients and improve the flow of customers and your business. "Economic viability can be achieved by engaging the services of an expert who can take away your headache of finding potential takers and run the business for you. The nature of operations and design, of course, are totally different for an individual to attain economic viability on his own.
Alternatively, an individual could market the serviced apartment by approaching the administration /human resources department of companies in the surrounding areas. Another marketing initiative could be the choice of various property websites which have a separate segment for listing service apartments. One can also create a website, which can target a larger audience looking for service apartments," Jain adds.
Location is key
With a booming economy and IT and ITeS sectors being in demand, a growing number of expat professionals are looking to oversee business operations in India. And this is exactly the fraternity that is pushing the growing demand for service apartments in India. "There is a good demand for well-run serviced apartments in India, particularly in the six major metros in India which can easily absorb the current supply of service apartments.
<title> Welcome to Naad Construction, Shri RamKamal Residency, Indore Best & Low cost Real Estate Developers</title>
<meta name="description" content="Naad Construction, Shri RamKamal Residency, Indore Best, Real Estate Developers, Real Estate Companies - Real Estate and Investment in Real Estate Naad Group is a leading real estate company in India, with over 20 years of experience in developing residential and commercial properties." />
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Welcome to Naad Construction And RamKamal Residency
Low Cost No Frill Win win Residencial Project very
near from Indore Airport and Super corridor.
NAAD Construction is a name reckoned with respect in
Indore for its Endeavour to provide affordable housing
and to give maximum customer satisfaction. It aims at
giving value for money. The firm has pioneered several
projects in the city including the 1 BHK Flat concept,
which was largely unheard and untapped in Indore.
The Firm has shown the world that dreams doesn't exist only in imagination, but they do come true.
Best Builders in Indore and Developers, Builders and Developers in Indore, Real Estate Developer, Land Developer, Plots at Indore
Best Residencial Project very near from Indore Airport and Super corridor.
<title>Naad Construction, Shri RamKamal Residency, Best Residencial Project very near from Indore Airport and Super corridor.</title>
<meta name="description" content="Naad Construction, Shri RamKamal Residency, Best Residencial Project very near from Indore Airport and Super corrido - Real Estate and Investment in Real Estate Naad Group is a leading real estate company in India, with over 20 years of experience in developing residential and commercial properties." />
<meta name="keywords" content="Naad Construction, Shri RamKamal Residency, Indore Best, real estate, real estate developers, real estate companies, Best Residencial Project very near from Indore Airport and Super corridor, real estate investments India"/ >
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NAAD Constructionis a name reckoned with respect in Indore
for its Endeavour to provide affordable housing and to give
maximum customer satisfaction. It aims at giving value for
money. The firm has pioneered several projects in the city
including the 1 BHK Flat concept, which was largely unheard
and untapped in Indore. The Firm has shown the world that
dreams doesn't exist only in imagination, but they do come true.
NAAD constructionwas established in 2008 by Mr. Dwarikadhish Agrawal. He was having a intention to provide a well self owned shelter to a middle class people. A person who has dreams a self owned home but doesn’t have so much funds to buy a property in such a expensive market is the main
prospect of our projects.
When it comes to the BEST ECONOMICAL RESIDENTIAL project in town, NAAD Constructions project named SHRI RAM KAMAL RESIDENCY is always on the front row. Turning dreams of a common man into reality by providing them affordable housing with best quality products, is the main aim of the project.
No Frill Win win Residencial Project very near from Indore Airport and Super corridor.
<title>Shri RamKamal Residency, Best Residencial Project very near from Indore Airport and Super corridor.</title>
<meta name="description" content="Naad Construction, Shri RamKamal Residency, Best Residencial Project very near from Indore Airport and Super corrido - Real Estate and Investment in Real Estate Naad Group is a leading real estate company in India, with over 20 years of experience in developing residential and commercial properties." />
<meta name="keywords" content="Naad Construction, Shri RamKamal Residency, Indore Best, real estate, real estate developers, real estate companies, Best Residencial Project very near from Indore Airport and Super corridor, real estate investments India"/ >
<title>Shri RamKamal Residency, Best Residencial Project very near from Indore Airport and Super corridor.</title>
<meta name="description" content="Naad Construction, Shri RamKamal Residency, Best Residencial Project very near from Indore Airport and Super corrido - Real Estate and Investment in Real Estate Naad Group is a leading real estate company in India, with over 20 years of experience in developing residential and commercial properties." />
<meta name="keywords" content="Naad Construction, Shri RamKamal Residency, Indore Best, real estate, real estate developers, real estate companies, Best Residencial Project very near from Indore Airport and Super corridor, real estate investments India"/ >
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0 % Home Loan Fair from 5th August to 8th August 2011
Not ever seen before in Indore city. Your Famous builder and developer M/s Naad Construction, at special occasion of our 3rd anniversary, launched beautiful limited edition 3 BHK row houses at Shri Ram Kamal Residency 2 near Dhai dweep Jinayatan and Gommatgiri Jain tirtha. At this special occasion we started 4 days home loan fair from 5th August to 8th August 2011. Persons who booked their bungalows in this fair have to pay 0% interest till possession.
RBI has increased home loan interest rate 11 times in last 10 months. It is very difficult for a middle class person to purchase a home. He has to pay present home rent along with recently purchased un-constructed home loan interest.
We understand this problem of customers and therefore launched this scheme on the occasion of our 3rd anniversary. In this Scheme, customer has to arrange just 20% of booking amount. And thereafter if he takes a home loan from bank then our firm will bear the interest till the possession, so customer will not have financial problems.
Our beautiful bungalows not only having affordable price but also reflect the luxury lifestyle itself. Its price is just only 18.71 lakh, along with this we are giving you free light connection, free water connection and registry charges are also free. In these bungalows at the main gate we provide you video door phone for security reasons and also modular kitchen concept for luxurious kitchen. Along with this 2 x 2 sizes vitrified tiles and designers tiles will be fitted, bathroom fittings of PLUMBER Company, ISI marked electrical fittings, Marble/Baroda Green kitchen platform with Steel sink will be provided. Here we will not compromise with quality at any level.
This all facilities are available for you at 0% interest rate till the possession. Home loan up to 80 % is available from Bank of Baroda, HDFC and DHFL. In our township we have also planned for play garden for kids, walkers track, acupressure point and badminton court, along with a separate covered car parking area.
This scheme is only for those people who booked their bungalows till the 8th August. Booking is started by first come first serve basis. In our township there are limited additions of bungalows so book fast and facilitate yourself.
NAAD Constructionis a name reckoned with respect in Indore for its Endeavour to provide affordable housing and to give maximum customer satisfaction. It aims at giving value for money. The firm has pioneered several projects in the city including the 1 BHK Flat concept, which was largely unheard and untapped in Indore. The Firm has shown the world that dreams doesn't exist only in imagination, but they do come true.
NAAD constructionwas established in 2008 by Mr. Dwarikadhish Agrawal. He was having a intention to provide a well self owned shelter to a middle class people. A person who has dreams a self owned home but doesn’t have so much funds to buy a property in such a expensive market is the main prospect of our projects.
When it comes to the BEST ECONOMICAL RESIDENTIAL project in town, NAAD Constructions project named SHRI RAM KAMAL RESIDENCY is always on the front row. Turning dreams of a common man into reality by providing them affordable housing with best quality products, is the main aim of the project.
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<title>Shri RamKamal Residency, Home Loans, Mortgages, bob home loan emi calculator, hdfc home loan interest rate, Compare Home Loans, Home Mortgage, DHFL Home Loans India | DHFL Home Loan | DHFL Interest Rates</title>
<meta name="description" content="Naad Construction, Home Loans, Mortgages, bob home loan emi calculator, hdfc home loan interest rate, Compare Home Loans, Home Mortgage, DHFL Home Loans India | DHFL Home Loan | DHFL Interest Rates,Super corrido - Real Estate and Investment in Real Estate Naad Group is a leading real estate company in India, with over 20 years of experience in developing resident" />
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---------------------------------
0 % Home Loan Fair from 5th August to 8th August 2011
Not ever seen before in Indore city. Your Famous builder
and developer M/s Naad Construction, at special occasion
of our 3rd anniversary, launched beautiful limited edition
3 BHK row houses at Shri Ram Kamal Residency 2 near
Dhai dweep Jinayatan and Gommatgiri Jain tirtha.
The Project is approved by
HDFC Home Loans
Bank Of Baroda Home Loans
DHFL Home Loans India
Documents required in Home Loan
Generally the documents required to processing your loan application are almost similar across all the banks; however they may differ with various banks depending upon specific requirement etc. Following documents are required by financial institutions to process the loan application:
• Age Proof
• Address Proof
•Income Proof of the applicant & co-applicant
• Last 6 months bank A/C statement
• Passport size photograph of the applicant & co-applicant
In case of Salaried
• Employment certificate from the employer,
• Copies of pay slips for last few months and TDS certificate
• Latest Form 16 issued by employer Bank statements
In case of Self-employed
• Copy of audited financial statements for the last 2 years
• Copy of partnership deed if it is a partnership firm or copy of memorandum of association and articles of association if it is a company
