A home away from home

In the past few years, there has been a significant increase in the number of international business travellers to India, many of whom come for long stays, ranging from one month to a year. And this in turn has resulted in a huge demand for service apartments, especially in IT hubs like Bangalore, Pune, Chennai, Hyderabad and Gurgaon. Individuals, multinationals, domestic hospitality companies and real estate developers have all joined in the scramble to make these visitors feel at home. And why not? After all, currently pegged at Rs 1500 crore and growing at a whopping 200 per cent per annum, the service apartment market’s lure is undeniable.

A home away from home- Hindustan Times