Service Apartments at Mohali City Centre

How service apartments differ from retail/office

Service apartments earn revenue on a nightly-tariff basis rather than a monthly lease. Yield can be materially higher than commercial rental in strong-occupancy periods but is more sensitive to hospitality-cycle downturns and requires an operator-managed structure to work at scale.

What to check before buying

• Confirmed operator or management company
• Revenue-share vs guaranteed-return structure (avoid guaranteed-return claims — they are RERA-non-compliant)
• Airport catchment absorption benchmarks
• GST and tax treatment on hospitality revenue (different from rental)
• Exit liquidity — service apartments have a narrower resale buyer pool than plain commercial

Verification note

Never buy a service-apartment unit against an 'assured return' or 'guaranteed rental' claim — such claims are RERA-non-compliant and typically indicate a mis-sold product. Insist on revenue-share economics with clear operator disclosures.