Monthly Archives: November 2012

Deals, News, Happenings Update- Facilities Management & Real Estate

  • IDFC invests in Manipal Servicecorp Facility Management, a leading FM player to kickstart the nascent Hostel Services business In India. Read more 
  • Air India has appointed a global real estate consultant to examine its properties in India and abroad to raise Rs 5,000 crore (Rs 50 billion) over 10 years. Read more
  • Kozhikode-based Secura Investment Management (India) Pvt Ltd (Trustees of the fund is ILFS Trust Company Ltd) has launched its second scheme of Secura India Real Estate Fund with a fund size of Rs 50 crore. Secura India Real Estate Fund is the first SEBI registered real estate venture capital fund in Kerala. Read more
  • Chennai-based realty firm Lancor Holdings has bought L&T Commercial Projects Pvt Ltd. Read more
  • HDFC Ltd jointly with State Bank of India (SBI) launched a venture capital fund (targeted fund Size INR 1000 crore) which will take equity stake in real estate projects in the country. Read more
  • Clearwater Capital to invest Rs 100 crore in Ramprastha township in Gurgaon. Read more
  • Portman Holdings picks up 26% stake in Tata Housing’s Bangalore project. Read more
  • Angel Prime invests in Real Estate buying platform Smarowner. Read more

Source – News aggregation from various publishers.

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What does a facility manager manage?

Came across a very interesting read addressing the topic for this post. So what does a facility manager manage? Bernard Williams’ pioneering and seminal work has helped define FM for us and very simply captures facilities management as standing on the 3 pillars of Productivity, Economics, and Human Resources.

As soon as we delve into his perspective, the fact that facility managers ought to stand out more and think like business leaders becomes paramount.

In summary, an FM is responsible for day to day operations and maintenance of every facility that helps run the property/office/real estate. To move to the next level, he/she ought to alter / innovate existing systems.

Cost pressures are a reality and it is here that an FM ought to be involved in the planning and budgeting processes of the business. Going green is another aspect that FMs today need to look at seriously as it has significant cost benefits, improved employee environment and business image. What more could the Management ask for?

Critically, the expectation of emergency preparedness has always been from the facility manager whether in case of man made destruction, technological failures or nature’s forces.

There is obviously more to an FM’s job and the day he/she starts looking at facilities as communities, starts getting more involved with planning in addition to daily operations; and believes in his/her role as a “business enabler & constituent”; that would be the beginning of a new chapter in facilities services in India.

(with content inputs from: http://www.buildings.com)

Upcoming Event (30th Nov – 2 Dec 2012) Pan India Leadership Awar

MMG India is holdings the 39th Facilities Management and PAN India Business Leadership Award Summit on 30th Nov – 2 Dec at Radisson Blu Resort & Spa Alibaug.

For all professional, service providers, customers – this is an excellent opportunity to imbibe the latest in FM from the industry as well as network

MCHI-CREDAI Property Fair 2012

MCHI – CREDAI held its 2012 property and housing finance exhibition at MMRDA grounds in BKC, Mumbai from 1 Nov to 4 Nov. On display were 15,000 plus properties (residential) and marquee commercial projects from a wide range of Mumbai developers. This served as a golden opportunity for visitors to witness aggregation of almost 70 pc all residential units being built. The exhibition allowed for evaluation of properties across the cost spectrum. From large townships in Virar, Boisar, Vasai to premium Sobo apartments.

For the first time, visitors also had the option to evaluate properties from outside Mumbai, with Pune and Bangalore being represented. The holiday home buyer wasn’t disappointed either as niche players provided their offerings as well.

For a list of all participants, visit http://www.mchi-exhibitions.com/participants-list.html