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1. NEW PROJECTS IN GURGAON
Service apartment in big cities are quite common these days.
If your apartment is under construction or is being
reconstructed or getting renovated, you need a place to live in
for the time being. The best solution for this is to opt for a
service apartment. With so many builders working in the
town the demand of these service apartments has raised in
recent few years.
The builders, now days, are interested in old buildings
constructed years ago when big and independent houses
were not really expensive and were within reach of middle class people who preferred to live in
independent houses with a lot of open space located well within the area which has been development in
the recent past and the value of land has raised enormously. Most of these houses / buildings being
owned by various members of family having their undivided share in these ancestral properties inherited
by them and who are interested in disposing off to get their individual share. Buy these properties and
raise a multi storied buildings either commercial complexes or Residential Apartments depending on
the area.
Builders give offers to the owner(s) for either outright purchase or sometimes an agreement is
being signed in which the owner gets a flat or two and the remaining value of his share, if any, in cash. In
cases where builder promise to give an Apartment in the same building construction may take a few
months or may be one or two years. For this period the owner needs a rented accommodation. Those
people who get their apartment repaired or renovated handover the apartment to the contractor for this
purpose and look for an accommodation elsewhere. Such a long stay in hotels is out of question.
Considering this requirement of short term rented accommodation many people keep their
apartments for this purpose as service apartment. In New Projects In Gurgaon you can find one easily as
most of people who have spare apartment prefer to let it out as service apartment. Depending on location,
size, facilities and services the rental value of service apartment may vary. It may be an ordinary or a
luxurious one for different demands. The apartments are generally well kept, with facilities such as TV,
Split AC, Wardrobe and other amenities. You may find such apartments with the help of local dealers /
agents in almost every part of Gurgaon.