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It is service apartments, the success mantra to overcome realty recession

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Sources reported at the www.propertykhazana.com says that after opening service flats in cities like Pune, Delhi and Bengaluru, now it is the turn of Tier II & III cities to host the projects. Ludhiana and Amritsar are allowing many corporate leaders to visit the tri-city, realty developers will shortly set up service flats in these cities. It has also induced the developer’s interest in service flats as it is the downturn in the realty industry and the insignificant auction of flats in the tri-city has coerced them to change these into service flats. These service flats have all the amenities and are like 5-star hotels, not like regular flats, it is only given on rent or lease form and is excellent choice for the travelling professionals and for small families. Shortly, even Omaxe will start some confined service flats in Omaxe Royal Residency on Pakhowal Road in Ludhiana covering an area of 700 Sq.ft each, added the source at www.propertykhazana.com.
Director of Omaxe Ltd. said to www.propertykhazana.com that, “Ludhiana is the foremost city in India for its commercial aspects and some industries have lead many corporate heads to visit this city. These flats will give them a good and reasonable accommodation compared to hotels.”
Regional Director of JLL Meghraj said to www.propertykhazana.com that, “When there was no progress in realty market for quite some time, developers are attempting for different choices in the demand. The company is running on the modalities and researching for many national developers who are keen to start service flats in the locality.” For more updates on realty market browse www.propertykhazana.com.

Property Listings

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