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Serviced Apartments in
Mumbai (Bombay)
Requirements & Guidelines for a Serviced
Apartment in Mumbai
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Our
Other
Apartments
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- Serviced Apartment for Business Travelers,
Holiday Makers, Company Guest House
- FOR SHORT VISITS OR LONG STAY
- Serviced
Apartments generally earn a higher return from renting out the property on a short term basis
- Short term
rental's could mean anything from one week upward, however one could stipulate
their own minimum period as per their convenience - suggested minimum period
should not be higher than 1 month.
- Often Serviced Apartments
are required for periods such as 2, 3, 4 or 6 months at a time.
- Ideally, a
Serviced Apartment should cost less than a 4 or 5 star hotel in the same
region of the city and should offer all the conveniences of a home which is
fully furnished & equipped.
- Preferably a
Serviced Apartment should be serviced with daily cleaning, however it is also
possible to rent the apartment out on short term basis with full self service
only.
- It is preferable
to have a few apartments in the same building or near each other, so that the
cost of servicing the apartments can be spread over more than one property,
however this is not a must.
- In our experience we have
found a initial general resistance by Landlords, to the prospects of giving
out the apartment on short term basis, however we find that once they
realize there is a large requirement for temporary housing from the
organized business sector, the relocating expatriates, as well as visiting families , the landlords quickly recognize the potential of letting out their apartments to meet this requirement, and to increase
their income(return) from their property.
- BOMBAYPROPERTY has been
in the field of setting up, managing, and marketing of Serviced Apartments
in India since 1997, and have been Pioneers in this Market. The company however presently concentrates its efforts in
the city of Mumbai only.
- Should you wish to
explore the possibility of putting up your property in Mumbai as a Serviced
Apartment, you could contact us for the same by visiting our
CONTACT US
page and writing to us via our email form displayed there.