Most of the companies in Gurgaon are also hiring these serviced apartments for their employees coming to Gurgaon from different parts of India. They find serviced apartments of Gurgaon quiet cheaper without any compromises in quality. Due to much demand, service apartments of Gurgaon are increasing in number and thus competition of better service is beneficial for guests who hire these apartments. There are many types of accommodation options available in these service apartments like

Single Room : Room with attached bathroom

Double Room: 2 Rooms with attached bathroom & common living room

Studio Apartments: One Bed Room, Kitchen and attached toilet

Family Suite: 2 Rooms, attached bathroom & common living room, kitchen

These rooms of service apartments can be similar to any budget hotel of Gurgaon or you can also compare to guest houses in Gurgaon, but the main reason for the preference of service apartments are their facilities. They provide complimentary breakfast to guests and also include food in some packages. So it saves lots of money as food in hotels is very expensive.

Facilities provided by Service Apartments in Gurgaon:

-         Refrigerator, microwave, etc

-         Daily housekeeping

-         Room service

-         In room tea and coffee

-         Daily Linen change

-         Free guest parking

-         RO and hot water on tap

-         Free Wi-Fi, Cable TV

-         Fax and photocopy facility

-         Concierge

-         Travel desk

-         Taxi services

-         Gym

So if you are coming to Gurgaon for any reason and you want a good place for your stay, Gurgaon Service Apartments is the best choice. You can have all the facilities what 3 star hotels in Gurgaon can offer you and that too at a very affordable price. So what are you thinking just search for a good service apartments which may cost you between INR 2500 to 5000 depending on your requirement, location and facilities. Perch Service Apartments is a very famous and perfect place for people who are looking for service apartments. It has been adjudged as the best service apartment in Gurgaon by the famous Brands Academy for its service excellence.

Building costs – Hotels (100%) versus service apartments (80%). Service apartments have a lower capital cost than hotels given the lower complexity and higher free space than hotels. The flip side of course is that higher hotel rooms can be built in the same space versus service apartments.Service apartments contain almost the same amenities as hotels, but the space utilization is much lower for hotels. This gives hotel room an edge over service apartment in terms of investment. But the fact is that a service apartment would be 2X bigger in size than a hotel room.

Land costs – Hotels (100%) versus service apartments (120-130%of hotels). Given the fact that most hotels use large land plot sizes, the economies of scale are better here than for service apartments. Hence hotel rooms would have an advantage over service apartments in terms of initial cost for a given number of rooms.

Permissions and regulatory issues – Each hotel needs approximately 50-60 permission including water, sanitation, health and other clearances. These are definetely not easy in a country like India and push up the initial fixed costs. Service apartments must comply with the building regulations and usually require an all clear from the local health and safety authorities. But this is much easier process, both one time and well as annual inspection wise than a hotel. Hotels must also comply with far more stringent regulatory and compliance measures which push up their costs.

Start up costs and maintenance capital expenditure – Given the lower complexity, the maintenance costs are about 50% of hotels. This is generally true regardless of scale, location or amenities. A typical service apartment will have a restaurant catering service, gym, common areas and entertainment lounges. They save as they avoid complex fittings in both hotel rooms as well as swimming pools, gardens, entertainment services, automatic doors/curtains, high end linen/cutlery etc. The marginal cost of these services far outstrip their costs and maintenance requirement. This also has a spill over in terms of staff costs and maintenance schedules, which furthur pushes up recurring costs.

Staff costs - Given the more entrepreneurial nature of service apartment services in most countries, staff training and retention is a very critical issue. Staff always has the option of going into conventional hotels or resorts and hence innovative schemes are required. This will inevitably push up costs and require more management bandwidth. Revenue based incentives and staff engagement is very important for retention. In my estimate staff costs would be 120-125% of a comparable size hotel. But staff costs are 20% of the overall costs and hence the additional costs may not dent profitability much and instead act as an incentive to get trained staff from hotels. It is critical to treat employees like partners and not just employees like in large hotels. Their ability to engage guests will be critical to long term success.

I will bring to you other aspects to service apartment selection, running, maintenance and client engagement in future posts. But we will examine in detail aspects of building deeply in my next post. Check out Perch Service Apartments Gurgaon.

For the investor in serviced apartments, it makes perfect sense. In addition to getting a very high yield on his real estate investment, the investor can see other benefits like enhancement of the property. Also, as the property becomes more popular for accommodation, it will certainly command a very high premium over other underdeveloped properties in the neighborhood.
Check out my service apartments www.theperch.in