The Hindu Business Line : Concept of service apartments catching up in Pune

Pune, March 23 Alongside residential and commercial complexes that are dotting the Pune landscape, the concept of service apartments is soon catching up as well.

According to Ms Veronique Sirault, General Manager of the Pune Oakwood chain, “There is no proper accommodation for expats or for people staying for a long period, say, three to six months. Service apartments are a perfect mix of space and service, which is much better than having a private maid in an individual-rented apartment.”

The deposit is limited when compared to the rent of an individual apartment. All facilities and services (housekeeping, restaurant, business centre, fitness centre, and swimming pool) are provided as in a hotel but in smaller scale, which makes the place more intimate, personalised and friendly, she noted.

According to Mr R. Vasudevan, Chairman and Managing Director, Vascon Group, the requirement for service apartments came up because of the floating Pune population. Vascon Engineers is in the process of constructing the Hyatt Regency with about 250 rooms plus 75 service apartments which will be ready by March 2008 on Ahmednagar Road.

Apart from this, they have tied up with the Royal Orchid to manage 105 rooms and 80 service apartments at Kalyani Nagar which will become operational in April. Pune, currently, has a few functional service apartments such as Oakwood Residency (the only international chain), Seasons from the NaikNavare Group, Manisha, Beverly Hills, Bel Air, etc. The other upcoming apartments include Magarpatta, Pride Housing and Kolte Patil.

Mr Rajiv Rosha of Star Homes said that they have three service apartments in Baner and one in Kalyani Nagar and are in the process of opening up in Pimpri and more locations in Kalyani Nagar.

According to the industry sources, “The cost of an apartment hotel is approximately 20 per cent less than the cost of staying at an ordinary double room in a hotel of equivalent standard. On an average, a guest staying at a five-star hotel pays Rs 400 for his laundry and spends anywhere about Rs 2,000 on his daily breakfast-lunch-dinner combination, thus, the apartment hotels are very economical from a long-term perspective.”

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