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| Jones Lang LaSalle Meghraj releases study on Property and Asset Management | | Enabling A Paradigm Shift In Indian Real Estate |
| Announcement / Corporate May 04, 2009, 19:55 IST |
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International real estate consultancy Jones Lang LaSalle Meghraj has released the country’s most definitive study on an important segment of today’s real estate marketplace – Property and Asset Management.
In a market scenario defined by many ‘maybes’, it is now an accepted fact that professionally property management reduces risk and improves tenant retention. A professionally conceived and executed property and asset management strategy can help real estate owners reduce their operating costs and enhance property values — all while maintaining a superior work environment for tenants.
‘Property and Asset Management’ - a study by India’s pre-eminent property and asset management service providers, explains the components and significance of Property and Asset Management practices. It lays a special focus on the context of the Indian real estate sector, which has not only witnessed tremendous growth in terms of the variety of asset classes, but also has transformed in terms of size, geographical spread, as well as complexity, especially through convergence of multiple uses in case of integrated developments across the country.
“The growing complexity and sophistication of real estate assets being delivered in India has made it imperative for asset owners to not only focus on planning and construction delivery, but also to ensure that assets are managed holistically so as to optimize expenses and ensure greater value-add for users and investors of such assets, “ states Col. Ashutosh Beri, Managing Director - Property and Asset Management, West Asia.
Property and Asset Management is definitely emerging as a mature and competitive segment within the Indian real estate sector: This industry segment has reached a higher level in terms of the adoption of new techniques and procedures, entry of new players, and recognition of it as a specialized function in the Indian real estate sector. Due to demand stimulus, a large number of professional management companies have entered the market leading to greater competition among management firms, and the improvement and expansion in service levels.
‘Property and Asset Management’ makes a strong case of and for this dynamic and fast-evolving market segment, which constitutes one of the most vibrant new growth sectors on the Indian real estate landscape. At a time when traditional concepts about the potential of the Indian property market are becoming obsolete, ‘Property and Asset Management’ is an authoritative treatise on delivering real value in a changing world.
About Jones Lang LaSalle Meghraj’s Property and Asset Management Services –
As a pioneer in Property and Asset Management services in India, Jones Lang LaSalle Meghraj partners with leading developers and property owners for end-to-end management of their properties. The company has revolutionized the traditional model of Property Management by adopting a scientific approach in managing every aspect of a property. Its robust systems, processes, and advanced technology platform allow the company’s clients to be in complete control of their properties, thus maximizing investment returns.
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