News & Views on Indian Real Estate

Monday, July 14, 2008

Real estate now braces facility management

Life is easy — when you have someone else do the cleaning up. “In commercial real estate, this aspect has garnered support in the last decade with the thought process: let the organization concentrate on its core business, and let someone else deal with day to day management of the premises. From just commercial properties to high-end residential, it was an obvious evolution. As ‘outsourced services’ become an integral part of the Indian Corporate lexicon, Facility Management has come in and occupied an important space. The role of facility management is ensuring that everything is available and operating properly for building occupants to do their work. The facility manager generally has the influence upon the quality of life within a facility. This business sector has matured considerably now from the earlier days, when facility management was little more than simple manpower supply. It now offers various value-added services, uses advanced levels of technology and offers many cost-saving measures such as energy conservation. Facility management companies now focus on being single-source solution providers to every requirement.