A chain of service apartments to be built across specific Indian cities with a more personal and interactive environment than a hotel. Most of the jobs in India are in urban areas where the higher proportion of working population is unmarried. Most of this working population is migratory and come over for stints between 6 months to 3 years. A majority of existing residential socities do not allow bachelors and students to rent out. This is the segment we are tapping in to with a home away from home feel.
Each of the apartments will be individually owned by a retail buyer who ends up getting a higher than market residential rental return. The acquisition price of the properties also is lower than the existing market rate and capital appreciation higher than the comparable residential unit. A Win-Win for both the apartment owner, the tenant and us.