G4S launches Cash Solutions
G4S Cash Solutions (India) has launched a specialized cash solution and bullion logistics service – the Cash Van. The launch was a part of the “Leveraging Innovative Security Solutions for Banks and Financial Institutions” event organized by Security Watch India (SWI) in association with G4S Security Solutions in Mumbai. Cash vans have been designed to match international specifications and include features like polycarbonate windscreens and windows, fully air-conditioned, four cameras along with display screens ,tamper proof digital video recording, GPS on board for emergency route planning and centrally monitored tracking, Emergency Panic Switch, Intelligent door locking along with sensors on hatches.
Report on Indian FM Market
Research and Markets, the world’s leading source for international market research reports and market data has announced the addition of “Facilities Management Services Market in India 2013” report to their offering.
The report gives snapshot of macro-economic indicators in India and provides with the categorization of the broad types of services in facilities management along with a break-up of the same in India. The report also comprises an overview of the diverse applications of facilities management services in the Indian market with the major types of contracts that are generally processed in this sector.
An analysis of the drivers explains the factors for growth of the industry that include boom in real estate, rise in infrastructural development, growth in retail sector, growth of hospitality sector and improving healthcare scenario. In Indian context, hospitality is hailed as the revenue generating segment for facilities management services as majority hotels and eateries compartmentalize a significant portion of their costs for their upkeep and maintenance.
The major trends identified in the sector include standardization of procedures, facilities management as a stream of study, mechanization of services, project management & general contracting services continuing to evolve and investments and M&A activity in facilities management sector. The report also deals with the industry association that defines the sector in India, deliberates on the general overview, membership and benefits of the same and includes competitive benchmarking of the top players operating in the Indian facilities management services market.
The report offers brief profiles of major domestic and foreign players in the market and a snapshot of their corporation, financial performance along with the key financial ratios, business highlights, their product portfolio and SWOT analysis thus providing an insight into the existing competitive scenario. It also gives some strategic recommendations based on analysis of the growth strategies for the facilities management services market in India.
Skyrocketing Maintenance fee for premium apartments
Apart from the astronomical cost of luxury apartments in Mumbai and Gurgaon, the premium apartment complexes are also charging high maintenance fee for the all the facilities that come with the apartments like concierge service, conference rooms, on-call service, guest services and restaurants. Some of the upscale residential developments in Mumbai, for instance are charging monthly maintenance of
र13 – र16 persqft. The scenario is no different in Gurgaon where maintenance charges may vary from र10 – र14. “With projects now offering high quality services, maintenance charges have increased drastically. It is usually about 10% of the rent being charged in a building. For really high-end projects, this figure would be around 20% of the rental value,” says Abhay Khemka of Khemka Investments & Properties, a real estate brokerage firm in Gurgaon.
The emergence of ultra-luxury projects in India has seen housing societies and developers now engaging companies specialized in facilities management to take care of maintenance aspect. Many of these high-end societies are maintained by facilities management divisions of international property consultants like Cushman & Wakefield, Jones Lang LaSalle India, CBRE South Asia and Knight Frank as well as local firms like Vipul Facility Management. “Earlier, only commercial complexes used to hire facilities management firms. However, given the number of luxury properties being developed, even housing societies are doing so. This is because, the quality of service and facilities is crucial for someone buying such luxury apartments.” says Vishal Gupta, chief strategy officer at ISS Integrated Facilities Services.