Service Apartments-meaning, companies & investing dilemma Answered


Service Apartments-meaning, companies & investing dilemma Answered

What does service apartment actually mean?  

Let's answer similar other questions like What is a service apartment? and in Indian context What is service apartment in India?

When we talk about service apartment to a layman, it is a new concept to him. An alien land to a person who books hotels and resorts for his business and leisure travel accommodation requirement. 

A service apartment is an apartment in any configuration of 1 BHK, 2BHK or 3 BHK that provides furnished rooms and hotel like facilities in a formal or informal atmosphere. In addition to the private room with attached washroom, the apartments provide fully furnished kitchen with a cook or caretaker. 

What are some of the service apartments companies or operators in India?

There are good number of companies who are operating serviced apartments in India at multiple locations like Mumbai, Pune Delhi Bangalore and Hyderabad. There are others doing serviced apartments business at local level like Noida. Goa, Gurgaon. 


Names of service apartment companies in India

Given Siesta has been pioneer in providing and managing serviced apartments in India for a long time. There are new players like and My Apartment Stay in Indian serviced apartments company. There are companies like Pajasa, Trusted Stay, Olive Service Apartments that operate pan India in cities like elhi Mumbai Hyderabad, Bangalore Pune and Noida, Gurgaon. 

More local players like Propel Stays operate in Pune, My Cocoon has upscale service apartments in Goregaon, Powai and Kanjurmarg. Theory9 has new chic luxury apartments in Khar and Bandra West in Mumbai close to Lilavati Hospital. Alcove has serviced apartments in Bangalore. 

Verdical hospitality operating serviced apartments in Lower Parel, Hiranadani Powai. sapphire Asta is a big player having 120 rooms Service apartments in Hyderabad. 

Is it good to invest in service apartments?

Homestay operators in Himalayas hills are earning good profit and it is good to invest in this business. Beware of the fact that every business has risks involved.

Is it cheaper to stay in a hotel or apartment? 

Given the similar interior, the apartment room are a lot cheaper than hotel rooms in most cases.  Apart from the room rate, you save on a lot of things like laundry and food. The living room in an 3 bedroom or 4 bedroom works as informal meeting place and you save on time.   

  • 7/17/2021 8:45:41 PM
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