Serviced Apartments in Bangalore News
The Silicon Valley of India, Bangalore, is home to over 1,500 IT companies and employs over 3.5 lakh IT professionals. The industry has been growing at more than 30 percent annually. The government has been proactive in framing policies to encourage IT/ITeS.
For the corporates, the preference is towards the north, south and east of Bangalore. Middle level executives seeking apartments ranging from 2-3 bedrooms constitute a majority of the requirement. While large companies have their own guest houses, serviced apartments have taken the role of providing stop-gap arrangements for expatriates and executives on a shortterm assignment to the city. The general practice is to take up apartments on 3-year leases, say realtors. Read more