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Author Topic: Renting my apartment as "Service Apartment"  (Read 690 times)

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Offline chennai_bujji

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Renting my apartment as "Service Apartment"
« on: June 27, 2015, 08:32:49 AM »
Hi,

  I have a 2400 sft plot and existing old house.  I'm planning to demolish and construct 4 apartment home in the plot.  I'll use 1 for my stay and make the other three as fully furnished service apartment and rent out for short term (days/weeks) for NRI's, Medical tourists, Foreigners etc.  Not planning to rent it as traditional "to-let" concept.

I'm curious to know the legal requirements in terms of plan/tax/construction and any other important thing associated to this concept.  I assume this approach may be considered as business, so curious to know the legal issues/consideration everything around constructing/renting/running service apartment.

I sincerely appreciate your response.

Thanks
Bujji

 

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