Introduction

In the bustling city of Bangalore, the demand for well-maintained residential and commercial complexes has increased. With the increasing need for quality living spaces and thriving businesses, property owners recognise facility management services’ benefits. These services, offered by ISO Certified companies, encompass a wide range of essential tasks such as housekeeping, security services, and overall upkeep of apartment complexes and commercial buildings. In this blog, we will explore the numerous advantages of availing of facility management services in Bangalore and how they positively impact property value, apartment associations, and even the resale value of properties.

Efficient Management and Maintenance

Facility management services in Bangalore efficiently handle the day-to-day operations of residential and commercial complexes. Trained professionals handle routine tasks like cleaning, landscaping, waste management, and general maintenance. With this professionalism, property owners can rest assured that their properties are in good hands, leading to higher levels of tenant satisfaction and reduced complaints.

Enhanced Security Measures

Safety is a paramount concern in both residential and commercial spaces. Facility management services employ well-trained security personnel who monitor the premises round-the-clock. These measures give residents and businesses a sense of security, attracting more tenants and customers.

Upgraded Amenities and Services

ISO Certified facility management companies in Bangalore are equipped to offer a wide range of amenities and services. This includes facility upgrades, such as installing modern gymnasiums, swimming pools, and recreational spaces for residents. For commercial buildings, these services can consist of integrated IT solutions, conference room management, and concierge services, elevating the property’s overall appeal.

Positive Impact on Property Value

Hiring facility management services can have a significant impact on property value. Well-maintained complexes and buildings are more likely to attract potential buyers or tenants, leading to increased demand and higher resale value. The aesthetic appeal and functionality of the property are enhanced, making it an attractive investment option for both homeowners and businesses.

Boosting Apartment Associations

In residential complexes, apartment associations are crucial in managing community affairs. Facility management services aid these associations by reducing their burden of day-to-day operations. The association members can focus on more critical tasks, such as improving community engagement, addressing residents’ concerns, and fostering a harmonious living environment.

Reduced Operational Costs

Outsourcing facility management services can lead to cost-effective solutions. Property owners can opt for comprehensive facility management packages instead of hiring individual personnel for different tasks like housekeeping, security, and maintenance. This approach reduces administrative overheads and ensures better coordination among various services.

Improved Resale Value

A well-maintained property with top-notch facility management services attracts potential buyers more readily. The property’s reputation for being managed professionally and the array of amenities offered add to its appeal in the market. This positive reputation can significantly influence the resale value, giving property owners better investment returns.

Conclusion

Facility management services in Bangalore have become integral to the smooth functioning of both residential and commercial complexes. These services offer many benefits, from ensuring efficient maintenance and enhanced security to upgrading amenities and services. By positively impacting property value, apartment associations, and resale value, they have proven to be indispensable assets for property owners and investors. Whether an apartment building or a commercial complex, availing facility management services from ISO Certified companies is a wise decision that ultimately leads to long-term success and prosperity.

Just when people thought the Real Estate sector was saturated, yet again rising from the ashes like a phoenix, the real estate sector has shown why it is the second-largest employment generator in India after agriculture. The new poster boy of real estate emerged to be the facility management industry. Not just in terms of novelty but simply on the sheer size of its market, it is the cynosure of the eyes of entrepreneurs. Though the Indian facility management accounts for a mere 3.2% of the GDP, the market capitalization stands at an astronomical volume of Rupees 5 lakh crore in the entire Indian economy. But wait, this is just the start, and estimates say it is expected to grow at 20-25% annually, which shows that sky is the only limit for the facility management industry.

Now that we know who the new real estate star is, let us dive deep and understand bricks and mortar of facility management. So what exactly do we mean by facility management? In simple terms, after any real estate project is completed, say an office space or a mall or any commercial building etc., professionally maintaining them is what facility management is all about.

Now coming to the million-dollar question, why will it be the next big deal? The industry is still nascent, with hardly a few organized players leading the way. Well, you might say, what is the big deal, as every industry has its prospects. But regarding facility management, the current numbers are testimony to its bright future. Currently, the present value of the facility management service stands at Rupees 50 thousand crores. It is expected to hit Rupees 1.25 lakh crore within the next 12 months.

When your business is small and you can accommodate a tiny office space, facility management services may differ from the services you would look for. With the expansion, when you have a building or more, or from a single machine, you have grown to a production line deploying multiple pieces of machinery. It’s time for you to think of facility management and managing your facilities professionally. You may not think of facility management if it is an apartment complex with just a few flats. Still, suppose it has more than fifty or a hundred homes. In that case, a professionally managed facility management service provider can make a tangible difference in the quality of life it offers and cost savings.

The reasons for deploying a dedicated facility management service are many. According to a British study, over 30 years, the operating and maintenance cost of a building account for 6 per cent of the total cost and the cost of deploying personnel alone accounts for a whopping 92 per cent. Suppose you are running a facility where you frequently need the services of a plumber or an electrician. In that case, it’s time to think differently. Here in this article, we discuss the reasons and the conditions that should make you consider hiring a professional facility management service provider or a dedicated facility management team headed by a Facility Manager. This would help you offer an environment that is well-organized without any contingent situations and would provide an ambience where the end-users can thrive with comfort and ease.

At its core, the function of facility management is to focus on efficiently managing the facilities and the organization’s buildings, assets, and equipment in a way that offers the optimum value and service to the end users. Facility management draws its knowledge and expertise from multi-disciplinary sources. It deploys engineers, technicians, mechanics, and other personnel as needed. It ensures that the services are uninterrupted at the lowest cost with the best maintenance of the machinery and equipment. The question that often pops up in the minds of business owners and building owners is what is the right stage when they should think of deploying a professional facility management service provider. Here are a few instances indicating that it is the ripe time to think of deploying a professional facility management service provider.

1. When your maintenance cost escalates
Maintenance needs money, but it should stay within your business and budget. The other aspect is the repair costs which should be at most the budget, and frequent repairs mean there is something wrong with the maintenance. Where there are too many customer or end-user complaints and frequent uninterrupted services of the generator, elevator or any other equipment, you need to think differently. Another factor is the staffing expense. Suppose it seems to increase day by day. In that case, it’s certainly proper to outsource the facility management services or appoint a qualified and experienced Facility Manager.

2. Difficulties in asset management and tracking
Asset tracking is one of the essential elements of asset management to ensure capital drainage and lower maintenance costs. As you start to scale with bigger properties and larger establishments, it becomes challenging to track assets and keep account of the inventory with a proper inventory management system. If you face issues like:
• You do not maintain an asset register, or it is inadequate
• Assets become difficult to track
• It becomes difficult to declare the asset position at any time
• The position and condition of any asset are unknown
• No one notices if any equipment or tool goes missing
• Replacement happens even if there is equipment available

3. Incomplete maintenance tasks piling up
When incomplete tasks pile up, giving rise to situations like leaking taps, broken bulbs, and unattended air-conditioner issues, it’s time to reorganize your facility management services. These can create unnecessary employee or end-user dissatisfaction. As they say, happy employees are more productive; your facility management may start affecting your productivity. These indications allow you to look for professionally managed facility management service providers.

4. Recurring contingencies and safety issues
Recurring safety concerns and contingent situations indicate that the environment has a potential threat that requires serious intervention. This can also come up in the compliance audit that there are issues to be redressed as a few requirements are statutory when running an establishment. The frequently found problems that are common are as follows.

• Absence of a drill according to the guidelines, like a fire drill
• Lack of personal protective equipment (PPE)
• Lack of a register to maintain logs of accidents, contingencies, emergencies and injuries
Using the systematic management of technology and skilled manpower, specialized facility management services can take care of the factors described above. This minimizes accidents and averts emergencies and contingencies, ensuring smooth functioning, higher compliance and higher productivity, saving costs in all aspects.

When should you think differently?
If you face any of the above-described situations, it’s time to change. Whether you would form an in-house facility management team or outsource it doesn’t matter much. Still, you need to take facility management more seriously.

Facility management may not seem as important a function in a company as its primary business. For this reason, facility management often takes a back seat in importance in most organisations. The story is more or less the same in apartments, too, as the professionals in even bigger apartment complexes often need to manage the facility.

Whether it is a company or apartment complex, facilities represent a larger part of the total assets, and organisations expend considerably on managing the facility. Even then, the facility management needs to receive the attention that it deserves that the other functions of the organisation receive. Albeit, the notions are changing and having professional facility management services is becoming mission-critical to provide a strategic direction and improve in the areas like uninterrupted services, obtaining optimum results, lowering costs, and minimising risks.

However, the increasing awareness of the importance of risks, costs, and opportunities inherent in facility management is gradually shifting from just a job to a professionally managed discipline. The following are why your apartment or organisation requires professionally managed facility management services.

• A professionally managed facility management service protects the organisation’s largest assets as a facility management professional has the requisite knowledge to minimise cost and maximise value. This contributes to the organisation’s cost-effectiveness and adds to the bottom line.
• Facilities and environment have a component that directly leads to higher productivity, as a well-managed facility directly adds to the productivity of the employees, systems and processes. A well-managed facility, through the professional services of trained professionals, renders extra comfort to the residents of the apartment complexes and impacts positively on the company’s business through uninterrupted services at cost-effective rates.
• In the case of hotels and the hospitality industry, professional facility management services help in strategic planning to maximise value and minimise cost. This allows organisations to reach the desired results without compromising on the quality of services.
• Sustainability is important for any organisation to maintain its corporate image and the quality of its services. Professional facility management services help organisations to maintain leadership and control over the environment.
• The professionally managed facility helps comply with the legislative complexities and environmental regulations, which can be mission-critical for the organisation’s existence. This helps in mitigating risks and obliging to compliance issues.
• Facility management often requires a mix of labourers, professionals and specialists to accomplish tasks in a coordinated manner. Professional facility management personnel know precisely when and why the services of different professionals would be required minimising both the labour costs and the risk to its minimum.
• A professionally managed facility management services deploy the right services and focus on the organisation’s primary functions by prioritisation to generate unhindered bottom-line results.
• Each section of the facility management services requires specialised services, which call for trained and specialised manpower deployed by the facility management services. This enhances the quality of service they render.
• From experience, facility management professionals know each factor’s impact, and with their foresight, they can mitigate risks and curtail costs.
• The seamless implementation of the latest technology is another advantage that a professionally managed facility management service can render, improving service quality and minimising cost.
With all these advantages, you would certainly agree that the facility management people and the Facility Managers are the champions and backbone of any establishment, especially if it is a commercial one. These professionals keep us happy and ensure operational efficiency and maximum comfort with uninterrupted services. If you still undermine the importance of facility management services, you should employ professional facility management services to manage your premises and see a tangible difference.