Financial Daily from THE HINDU group of publications
Thursday, Nov 13, 2003
Financial Daily from THE HINDU group of publications Thursday, Nov 13, 2003 |
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Industry & Economy
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Events Facilities management biz gaining ground in Bangalore Our Bureau
Bangalore , Nov. 12 THE two-day annual conference of the International Facilities Management Association (IFMA) opens here on Friday amid the facilities management gaining a strong footing in Bangalore. The enormous built-up commercial space for IT and ITES companies has started yielding incremental monthly revenue of Rs 1 crore to Rs 1.5 crore. Expanding the traditional scope of housekeeping and security services to complete management of the requirements of corporates, facilities management business is fast emerging as a stand-alone proposition to its earlier in-house division of leading real estate developers' providing the entire gamut of services. "Business entities now realise that maintaining an efficiently operated, well managed, highly efficient facility is vital to their success. They are aware that by handing over their non-core business to professional organisations they benefit by increasing their efficiencies while reducing the costs," explains Mr Bhaskar N. Raju, Executive Director of Divya Sree Developers (P) Ltd. New technologies, environment and health service concerns and the post-9/11 scenario where business continuity and disaster recovery plans have assumed considerable significance giving impetus to the need for world-class facilities management companies. Metro Asset Services Pvt Ltd, a division of Divya Sree undertaking the facilities management services, is upbeat about the new business avenue. With about 10 to 15 million sq feet of built-up properties in the city, the scope for facilities management services business is quite large, said Mr Raju, adding that an estimated two million sq. feet space is added every year enlarging the volume of business. Mr Raju said his company was planning to test the concept of facilities management in Hyderabad soon, where it has planned some property development. The IFMA meet with its theme `India Workspace 2003,' will be addressed by Mr Ernie Greer, CEO, Steelcase, and Mr Conrad Gonzalves, President, Indian Institute of Designers, apart from experts in the field of FM.
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