Pune has Many Accommodations

For those of us with more taste than money, a city like Pune has no dearth of staying options. Whether it’s a quick business-trip, a family emergency or a night in town en-route somewhere, you can snag a great room without forking out thousands of your valued currency.

There are individuals who go for various reasons and discover comfort according to their needs in the city; it could be for business or for relaxation. Whatever may be the reason, people often end up seeking more comfort in a place which feels close to home as living in a hotel may not be the most viable option while in a city full of hustle and bustle. This is one major reason why accommodation in Pune has found a lot of acceptance and interest. Accommodations in Pune are furnished with everything to make your life pleasant. They cater to you just like home away from home and give you the best serviced accommodation.

Even when you’re in need of a budget Accommodation in Pune and you’re travelling with family, you don’t want to compromise by checking into a seedy joint. At such times a fully serviced living space, serves well.

There is no dearth of accommodation in Pune for seasoned travellers. Budgeted accommodation in Pune is fully furnished and provides all the conveniences to guests in very nominal rates. Guests can find many accommodations in Pune and avail the best facilities and services in terms of modern living. The kitchen, the living room and the bed rooms will be done up tastefully .The guests will be comfortable. They will have more space and facilities than a hotel room. The food is self cooked, prepared as per the taste and needs of the visitor and not a mass food serving system like that of a hotel. If you are a solo traveler with limited financial means, then this is an excellent way to save money. These accommodations are available for both long and short term stays to suit your travel plans.

Know About Service Apartments in Pune

A serviced apartment is a furnished accommodation with a small kitchen and rooms generally more spacious than in a hotel. It also has modern communication facilities such as telephone, fax and an Internet connection. Some also offer conference rooms, besides housekeeping staff and a concierge service.

There has been a sharp surge in business travel over the last few years with India becoming more integrated with the global economy. Executives from India and abroad frequently travel to business hubs and spend weeks and months working from different locations.

The main client base is the corporate sector. The demand is primarily driven by executives of multinational companies (MNCs) and expatriates who come to India on deputation for periods ranging from weeks to months. There is a huge demand for high-end serviced accommodation in the Pune due to the presence of a large number of MNCs.

Staying at hotels for such long periods is costly. Serviced apartments offer an alternative. For house owners, they serve as an alternative to giving their premises on rent. The concept of serviced apartments arrived in India in 2003-04. Starting from Pune, Mumbai, Bangalore and Delhi, serviced apartments have extended their presence to smaller cities, driven by commercial activities.

Although mainstream hotel companies are major players in the business, several developers are offering these apartments to individual buyers. Some of these are targeted at the ultra rich who want to own accommodations in different locations without worrying about their maintenance.

Top Serviced apartment in Pune are operated mainly by mainstream hotel chains which want to lower operating costs and reduce the staff/guest ratio. A number of international brands have developed serviced apartments with local developers in Pune, Delhi, Mumbai and Bangalore, catering largely to the corporate sector.

Several small- to mid-size builders are marketing serviced apartments as an investment opportunity with returns in the range of 9-14% per annum. At present, investment in residential properties is more for capital appreciation than rental income. Annual yield via rental income from a residential property is generally 3-4% a year while capital appreciation is 10-15%.