Service apartment is another category which is the fastest growing segment among hospitality in the NCR, Bangalore, and Mumbai – Pune region which is more prevalent in Secondary and peripheral business districts due to lower real estate costs
This sector has a clear synergy with IT and ITES segment, with manufacturing hubs where assignment related travel keeps staying duration’s longer. This can double up as financial products in addition to real estate, act as rental income generators for the investor.
The service apartment sector allows for time-share cum rentable units with a service provider/hospitality brand on board. The design for the same is more flexible and have a possibility of shared ownership. The Most prevalent layout of being a Studio, followed by 1 Bedroom. these are more preferred with balconies, in contrast to hotel rooms. These are more simple and clean on central facilities like food and recreation or health and fitness, takes advantage of the amenities that the campus mixed-use development brings.
Design Forum International is a young-old organization with almost 25 years of experience that has quickly set the right foot to be one of the best architecture firms in India. The firm is a vibrant mix of young and experienced professionals bounded by a common thread: the passion to design. An active contributor to the Nation Building drive and the Indian infrastructural boom, DFI holds vast industry experience in both national and international projects with millions of square feet of construction in a varied range of typology like Affordable Housing, Master planning, Mixed use & Retail, Institutional as well as Healthcare. Some of DFI’s notable projects include the famous Select Citywalk mall, and the recently inaugurated New Courts Block of Delhi High Court., the ITO Skywalk, Delhi and the Dakshineshwar Skywalk in Kolkata. The Guwahati International Airport in Assam, designed by DFI is also under completion and is scheduled for completion in 2021.