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Service apartments get slow with dry economy

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With lowered movements of economy it also results downturn in the country’s business and hence affected the service apartments since the first day of the global economic slash. Source reported at www.propertykhazana.com reveals that, all the major and emerging cities has fall into this as victims, as number of business travels and other purposes has gone down to recorded fall minimizing the occupancy in all the sectors of hotels and service apartments along with hospitality.
On a short note with www.propertykhazana.com the director of Savvy infrastructure limited reveals that we are running through a tough phase of business where there is no added features of frequent travels in both domestic and foreign customers, but we hope a better time after six or seven months. He also adds that as compared to the hotel, service apartments play a vital role in the case of corporates which cover unlimited service of days ranging from 15 days to that of 6 months. Service apartments are both reasonable and provide more flexibility as compared to that of hotels, stated associate director of JLLM consulting firm.
For the regions of Ahmedabad and Gandhinagar, market is quite slow with very low occupancy as revealed by Neesa Leisure Limited. MD of the company - Arvind Gupta states that “we are planning to open few units in a short while which requires a huge funding nearly Rs 20 lakhs for each room of a service apartment. For more and latest realty updates visit www.propertykhazana.com.
Source: NBTVLIVE

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