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Serviced Apartments
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Serviced Apartments Mumbai.com
Serviced Apartments Mumbai.com

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OFFER YOUR PROPERTY AS SERVICED APARTMENTS & HOME STAY ON WWW.SERVICEDAPARTMENTSMUMBAI.COM

Earn A Higher Rental Income on your existing furnished property.

Earn an income on your Spare Room / Rooms

Invest in properties for Serviced Apartments

(Take in only people you approve)

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An old property in Bandra consisting of a 2 bedroom Apartment, of which 1 bedroom with living room and kitchen offered for periods of 1 to 3 months.
The Landlords visit the property on the weekends with their little daughter and use the other bedroom.
Location: Bandra
Price: 30,000 per month
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Bandra, Shared 1 Bhk Serviced Apartment
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Serviced Apartments that are located near the Western Express Highway in Vile Parle For ease of access to Bandra Kurla Complex, Bandra west, SantaCruz East & West as well as straight down the road to the Leelavati Hospital and the Worli Sea Link
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Vile Parle East Studio Serviced Apartments
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OFFER YOUR PROPERTY AS SERVICED APARTMENTS & HOME STAY ON WWW.SERVICEDAPARTMENTSMUMBAI.COM

Earn A Higher Rental Income on your existing furnished property.

Earn an income on your Spare Room / Rooms

Invest in properties for Serviced Apartments

(Take in only people you approve)

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Call +919820049408 for Your Service Apartment requirement in Mumbai or Call if you have a Property to Offer as a Service Apartment in Mumbai.

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Serviced Apartments in Mumbai - Update 21/12/2015
Update: 21/12/2015 The Serviced Apartment Market in India and especially Mumbai is growing very rapidly. IT it prudent now to consider offering residential apartments as Serviced Apartments instead of on long term leave & leave and license, as the returns o...

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Builders amid the struggle to sell their luxury apartments due to poor demand, have now approached the Maharashtra government seeking changes in the Leave and Licence Agreement rules in a desperate bid to clear inventories. 

They are now seeking to rent out their unsold flats as 'service apartments', for those intending to take homes on rent for a short span of time, to earn some money during the current slowdown in real estate market, a state Housing department official told PTI. 

However, no formal proposal has come from the builders in this regard. But, if they come up with some concrete proposal, the Housing department may consider it, he said. 

"It is very difficult for a middle-income group person to buy a flat in Mumbai. There are currently five lakh luxury homes unsold in the city. When these flats are not sold, builders are unable to repay banks and other financiers their loan amount. 

To get respite in the prevailing condition, builders have approached us saying they want to rent out their flats as service apartments for which they want the Leave and Licence Agreement tweaked," the official said. 

The prices of unsold homes in Mumbai run into crores of rupees, forcing people to opt for homes in neighbouring areas like Thane, Navi-Mumbai and Vasai-Virar, he said. 

"Thus the builders have come up with a new way to make some money now and repay their debts. For instance, if the cost of an apartment is Rs 2 crore, they will give it on a monthly rent of Rs 30,000. The builder will start a full fledged service provider agency for these apartments where all the needs of the person, who has taken the flat on rent, will be taken care of by the builder," the official said. 

Services like requisite furniture, cleanliness, maintenance of the apartments, water and parking facilities will be provided by the builder to the residents, he said. 

"The builders have come to us with their request. The rents from these apartments will reduce their financial burden considerably. At the same time, it will be a new option for those who want apartments for a short period of time, but do not want to pay exorbitant prices in 5-star hotels," the official said. 

Source: Economic Times, Mumbai

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Our Collection

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Suite Room - 1 Bedroom + Living cum Dining Room Can accommodate 3 to 4 people Suitable for a longer term stay or Short Stay, as it is spacious and comfortable

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Fully and Smartly Furnished with Air Conditioning in the Bedroom as well as in the Living Room Has a Fully Functional Full Kitchen for Cooking Convenience or can provide Meals for the Guests depending on requirement
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