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Sustainability in Facility Management

The issue of sustainability in facilities management has become a global concern over the last decade, with government and facility management companies alike striving for more environmentally and lesgislatively sustainable practices.

Why is it important?

The sanctity of our environment is no longer a concern for future generations; the decisions and choices we make today have a long-term, irreparable impact on the health of our planet. The onus is on us to innovate and look for sustainable solutions to ensure a better future. The facility management market plays a big role in the protection of our environment, and choosing to embrace sustainability, even on a small scale, can have a tremendous impact.

SILA Sustainability Initiatives:

At SILA, we prioritise matters of sustainability in all of our processes and initiatives, to create a healthier corporate and environmental ecosystem for our clients and stakeholders across assets. Our sustainability initiatives include:

ESG - Environmental Social Governance

The focus on ESG has been gaining momentum globally, with governments introducing ESG requirements for entities across various sectors. We, at SILA, are actively investing in building teams to expand our knowledge of ESG, setting internal goals and enforcing compliance procedures to minimise our impact on the environment, while nurturing a more sustainable corporate ecosystem for our facilities management services.

Water and Energy Management

Innovations in technology and IoT have enabled facilities management companies to generate data that is capable of improving overall efficiency while cutting costs and lowering energy consumption.

Using real-time data and technological integration, our teams have been able to minimize energy and water consumption through the use of robotics, need-based cleaning, sensor technology and solar panelling.

Due to the Covid-19 pandemic, issues of hygiene, health, and safety have been brought into the spotlight. Through means of IoT and contactless technologies such as AQI (air quality index) and personnel rotation trackers, we have been successful in ensuring the highest possible health and safety standards while keeping capital expenditure and energy consumption low. At SILA, we pride ourselves on the highest standards of safety and efficiency at our construction sites, making use of sustainable, eco-conscious building materials such as nano-coating technologies and water-efficient fixtures.

Automated Environmental Services

For our more high-risk industrial facility management projects, such as those involving the pharmaceutical and steel manufacturing industries, we have introduced several automated environmental services like cleaning robots for hazardous waste disposal and contactless sensor technologies. These enable us to meet safety regulations, while maintaining high standards of quality, reducing costs and minimising risk to personnel.

With the added risk factors of transmission of the Covid-19 virus, as well as chemical exposure and maintenance requirements at up to 50m heights with temperatures of 60+ degrees centigrade,we optimised our processes through our proprietary software, SILA Connect.

At SILA, we pride ourselves on placing great importance on issues of sustainability in our practices across projects, enabling us to minimize costs, while parallelly reducing the negative impact on the environment. Our diverse team of professionals has invested in expanding our knowledge of sustainable practices across our many assets, with major success for both our clients, as well as our on-ground teams.

To know more: https://silagroup.co.in/blog/sustainability-in-facility-management

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Real Estate Trends in India In 2023

The real estate area is one of the most globally perceived areas. It includes four sub-areas  housing, retail, hospitality, and business. The development of this area is very much supplemented by the development in the professional workplace and the interest for office space as well as metropolitan and semi-metropolitan convenience. The construction industry positions third among the 14 major areas concerning immediate, indirect and actuated impacts in all areas of the economy.

The Indian real estate sector is supposed to go through a useful development ease in 2023. Experts eye an increment in demand, along with the strong infrastructural benefits in the area. Moreover, reasonable home loans make the real estate market ideal financial backers. The business would additionally consolidate in this year, and the monetary outlook would be very ideal.

So, what are the main real estate trends in India that 2023 will observe in the real estate industry?

Prices keep on Rising:

With demand rising and the market transforming into a seller’s market, a definitive result would be at costs to increment. Home purchasers are not discouraged by taking off costs. A few purchasers are willing to pay significantly more than the requesting cost to secure their purchase.

High interest:

The era of low-interest rates is now over. The mounting inflation and the current geo-political scenario will continue to put pressure on the lending rate. The lending rates are expected to move in 2023.

Increased needs to mortgage holders: Notwithstanding high home rates and a forecasted estate market collapse, the demand for homeownership stays strong. Younger and first-time purchasers of homes will rule the property market This is generally because property rental rates have reached a record-breaking high. The increasing appreciation of the US dollar against the Indian rupee is also helping

Progress:

The developers have come up with bunches of alluring strategies. These plans have attracted the wall -sitters, who in the long run put resources into properties. This likewise gave a lift to the market. This trend is probably going to go on in 2023. Interestingly, there would be a development of the real estate area in the tier 2 and 3 urban communities too. Some of the reasons that are fuelling this development include better professional possibilities, expanded network, and better infrastructure investments.

Asset management:

Real estate asset management manages designated measures to expand the worth of a property or a whole property portfolio. This generally implies the dynamic preparation, management, execution and control of a property. In short, the emphasis is on managing real estate assets. The point is to expand the worth of the property from continuous management and to accomplish the ideal of the capital employed.

By understanding the above market trends in the real estate market, SILA is prepared with all premium level properties in Mumbai. Plan your future by understanding where to concentration and investing right at SILA all project

To know more: https://silagroup.co.in/real-estate-development-and-asset-management

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How Housekeeping Services Ease Your Work at Work Place?

Housekeeping is essentially   the organized method of changing a home or an office into a perfect and orderly manner. Moving into a new office brings on lots of stress, packing boxes, labeling the right items to pack, and much more. Cleaning the new office can be burdening and requesting, except if you are the sort that tracks down savor the experience of cleaning  you certainly will be distracted with different things you could finish particularly if you are still working during the process. Housekeeping administrations remove the pressure and help to feel quiet and more focused on assignments that need your total mindfulness.

All offices should have housekeeping for the executives. Housekeeping services is an operational hub  to guarantee a smooth work insight and making housekeeping services conceivable. Housekeeping team will be responsible of setting up the office in systematically daily, knowing the best items to use to get the best outcome, having the information of the best technique to source and make the workplace helpful, and different abilities to make your office space the very best it could be, it just needs to down to you making your housekeeping management understand what you need and need from them to make your office be in best appearance.

Housekeeping services are really important for a company. Work stations, floors, cafeteria and washrooms should be consistently cleaned from a wellbeing and cleanliness' point of view. There should be a proficient janitorial staff to maintain these services. Similarly maintenance is an important component of any company office year after year. A selected facility management team can improve things significantly and can even help increase the life expectancy of such regions. This can include repairs, timely quality checks, housekeeping services and guaranteeing that your company is in capable hands.

Most companies spend a lot of energy on the infrastructure and interiors of their offices but don't take cleaning and maintenance in a serious way; frequently entrusting the tasks to rank beginner. This can lead to the rapid deterioration of looks and resources. Beginners use low quality materials and incompetent work further adds to the deteriorating looks of interiors and premises. That is the reason it is vital to choose the services of talented and qualified experts who are specialists in housekeeping Services. You can obtain our best Housekeeping Service in Mumbai  if you don't have the time and energy to focus on your spot. The services we offer with both security and cleanliness at the same place.

SILA is one of the leading facility management companies in Mumbai that delivers excellence in facility management services, interior contracting and real estate advisory. It operates in 75+ cities, 6500+ employees and a client base of multiple Fortune 500 companies, We have our office and housekeeping services network across India. We are giving top-class Housekeeping services in Gujarat, Housekeeping services in Hyderabad, Housekeeping services in Delhi, Bangalore, and Kolkata.

To know more: https://silagroup.co.in/integrated-facility-management-services

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How Facility Management Makes Your Life Easier

The services of facility management companies  in Mumbai  is rising up out of being a service provider, to advancing a culture secured by work rehearses, quality, innovations and analytics. Facility Management adds to the association's primary concern through its responsibility regarding keeping up with the important assests like property, buildings, inventory, equipment that houses staff and different components of the activity.

Facility Management has been advanced as a quickly developing area.  With developing way of life, investment and institutional development, the requirement for facility management increases. The importance of facility management is very much perceived to appropriately oversee individuals and processes inside a building structure with an objective to expand efficiency and guarantee smooth running of tasks. Most facility management companies now offer a complete scope of services to residential and business clients.

Why does SILA provide better facility management services than other companies?

If you are looking for the top facility management services, then you're perfectly positioned. SILA is a leading facility management company in Mumbai  that looks after various real estate services like project management, real estate advisory, real estate development, and home interior design Our Facility Management services team uses a combination of technology, engineered processes, and skilled human resources to efficiently manage Real Estate for our clients. We offer great services to our clients from everywhere in india. With a group of experienced and gifted experts, they have been conveying extraordinary outcomes for clients.

There are following services we offer to our clients:-

1.      Mechanical, Electrical & Plumbing - O&M

2.      Housekeeping

3.      Energy Management & ESG Audits

4.      Pantry Management & Office Support

5.      Community & Workplace Experience Services

6.      Security & Fire Safety

7.      Industrial Operations Support

8.      Heavy Machine, Forklift & Warehousing Operations Support

9.      Pest Control, Facade Cleaning & Horticulture

10.  Catering & Cafeteria Management

11.  Residential Township Management

12.  Hazardous Waste Management

Why are outsourcing facilities management services useful?

 If the company is famous, the expert will be thoroughly trained and the managers will actually want to go about as an extension of one's group. They might offer quicker than one's own facilities management group. This can be particularly useful if the organization's office supervisory group is excessively slim or regardless of whether an organization is arranging a locale change. These days, essential amenities are insufficient for a working environment. Employees expect extra ones like holding up work areas, outside spaces, wellness focuses, nearby feasting choices and so on. Giving these will upgrade the employees satisfaction however will likewise expand the group's responsibility. Outsourcing here will assist the group with zeroing in additional on needs.

 SILA is one of the leading facility management companies in Mumbai, that delivers excellence in facility management services,  and real estate advisory. SILA gives the best arrangement who deals with every one of the perspectives connecting with Facility Management Services, subsequently guaranteeing greater responsibility, working on cost-efficiencies and consistent mix of all your Facility Management Services. Facility Management Services includes support and management of business and industrial facilities. It keeps up with quality principles of cleaning with responsibility.

To know more: https://silagroup.co.in/integrated-facility-management-services

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Real Estate Asset Management

Asset management generally means the management of tangible or intangible, monetary or non- monetary assets. Each financial backer has various investment choices available to them, for example, the conventional savings book or shares. Notwithstanding  securities, real estate is also considered as an investment asset. And it is precisely this area that is viewed here. Asset Management – Real Estate, also called Real-Estate Asset Management (REAM). 

Asset management – real estate manages with designated measures to build the worth of a property or a whole property portfolio. This generally implies the dynamic preparation, management, execution and control of a property. So, the emphasis is on overseeing. The point is to expand the worth of the property from ongoing management and to achieve the optimum of the capital utilized.

What Does A Real Estate Asset Manager Do?

 Real Estate Asset Managers are liable for overseeing the financial performance of the real estate assets of their clients To put it plainly, they try to track down the best harmony between bringing about risk and procuring gets back from speculations, in this manner expanding the worth of the client's portfolio. Key drivers of this worth advancement include effective renting, property management, capital re-investment, improvement potential, and balance sheet management.

A Real Estate Asset Manager also focuses on the course of investment management. This incorporates observing the presentation of any speculations a client has in their land portfolio. As a feature of the administration cycle, the resource chief will make proposals in regards to which speculations to clutch over the long haul, which ones ought to be sold inside a given timeframe, and which contributions ought to be acquired. The objective is to boost the profit on all assets contained in the portfolio while keeping the level of hazard related with the investment process inside the limits determined by the client.

Real Estate as an Investment Asset

People, privately owned businesses, partnerships sometimes buy real estate as an investment procedure. Real property can be purchased,, improved and exchanged for benefit. At different times, it can be partitioned and leased or leased out.

While the real estate market can be complicated and isn't immune to economic problems—consider what happened to the real estate market during the monetary emergency it is a famous method to invest, and might in fact be a fence against.

Need of Real Estate Asset Management?

The management of assets, for example real estate, serves to maximize value in the interests of the owner. The objective of a real estate asset manager is to improve the client’s portfolio, considering his goals, risk resistance and different variables. Financial backers ordinarily have clear thoughts as a primary concern.

Why SILA  real estate?

SILA`s real estate management having been on the Services and Operations side of Real Estate since 2010, SILA has developed expertise in Project Planning and Execution. Using this experience, coupled with our background in Finance we believe that we have the ingredients to develop a strong Real Estate Development platform. SILA`s flexible contract arrangements include a range of quality, corporate office packages tailored for you to provide your business with a professional image and provide a trusted environment where you can grow your business.

Our development vertical will have a Mumbai Metropolitan Region (MMR) focused development strategy, across Residential and Commercial assets.

To know more: https://silagroup.co.in/real-estate-development-and-asset-management

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Importance of Housekeeping in the Hotel Industry

Housekeeping refers to all activities that keep a restaurant or hotel industry clean, and guarantee that guests are comfortable. Housekeeping staff or servants do housekeeping.

A housekeeping staff or servants is a person who takes care of the cleaning and tidying of a hotel or restaurant. Housekeepers do all the tasks that are related to cleaning such as cleaning rooms, corridors and washrooms.

They also take care of other chores such as laundry, dusting, vacuuming, and clearing.

Housekeeping is important in the restaurant and hotel industry since it gives the clients a positive impression about the clean experience or restaurant they are eating at.

How important is Housekeeping?               

There are following reasons why Housekeeping is necessary

Cleanliness matters:

Hotel is a place where visitors keep on coming in and checking out. If appropriate neatness isn't kept up, then in no time the entire hotel room becomes dirty and messy. A group of talented housecleaning staff ensures that the rooms are cleaned before visitors check in and after they check out. They ensure that all undesirable stuff, already used and leftover things, dirt and pollutants are taken out and the place is made neat and clean.

Hospitality Management:

Every single survey given by the visitor matters as any regrettable survey can influence the view of the readers who review the hotel feedback before booking a hotel. Consequently, the housekeeping supervisory group gives their all to fulfil each visitor with every one of the potential conveniences they need to give. Besides, delicate and proper etiquettes matter a lot, because your way of behaving and discussion with the visitors makes an effect on his visit to the hotel. The overall comfort and behaviour the guest will receive shall determine his following visit to the similar hotel.

So these are the top justifications for why housekeeping administrations are significant and similarly need extraordinary consideration in the hotel industry. So, supply proper services with trained professionals for hotels in the town. So, Hotel management provides the most reliable housekeeping services for your hotel.

Keep the sanitary

Housekeeping groups are also important because they help to keep a hotel or restaurant sanitary. They should clean the room on the premise to keep any microorganisms from spreading and causing ailment.

The housekeeping office plays a vital role in every hotel. SILA provides proficient housekeeping services in India. SILA trains the housekeeping staff, would love to highlight one of the successful projects, also SILA provides best housekeeping services in Bangalore. SILA trains housekeeping staff that maintains, checks, regulates and performs various duties, together enduring all the sectors of the building are running smoothly and properly.  It was an honour for SILA to trust staff and the service to have them for the training purpose.  Being a completely die hard service organisation; there is not a day where SILA doesn't examine the future of service, and how to improve SILA’s clients and end- clients. SILA is accepting projects from PAN India and are keen to work more to guarantee that having an own staff is a hassle free process.

To know more: https://silagroup.co.in/integrated-facility-management-services

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Take a Sneak Peek into SILA's Corporate Office at Worli

Facility Management Mumbai, SILA To know more: https://silagroup.co.in/resources/

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Facility Management and Its Importance

Facilities management can be defined as the tools and services that support the functionality, safety, and sustainability of buildings, grounds, infrastructure, and real estate. Facilities management including contracting, facility planning, setting up services, rendering the services, deployment of people/resources, tracking the cost and reporting the work.

Facility management is the effective and integral management of all facilities, thus enabling organisations to continuously meet their objectives and achieve an optimum feeling of well-being for people in their workplace and their residence.

There are following reasons why Facility Management is necessary

1. It sets a good impression on visitors

Properly managed facilities are a necessity because the first impression of your business will be set by the facilities. Unmowed lawns and littered premises will already set the wrong impression in the mind of potential and current customers. Smudged windows, dirty work space and dusty offices have the same effect.

Having properly managed facilities is a huge step in setting a good first impression on people that visit your premises for any kind of business. This is one of the reasons why facilities management is necessary.

2. It makes work efficient

Having properly managed facilities exponentially increases the efficiency of the business. If all your facilities are managed, then there is very little that can disrupt work. People will know where things are kept, not having to waste time looking for materials and thus increasing efficiency.

It also allows you to recognize and predict problems before they arise, like running out of paper rolls in the restrooms, or malfunctioning equipment, and allow you to deal with the problem as fast as possible.

3. It increases employee morale

Having properly managed facilities has a significant impact on employee morale. It helps them focus, take pride in their workplace, and make them feel proud about working in the organisation. It also decreases sick days, and hence increase employee productivity.

It is beneficial for the employees if the facilities are managed properly, since it results in happier, well-motivated, and productive employees.

4. It helps to save on cost

 

Having properly managed facilities is important for saving on costs. Managing your equipment and premises will make maintenance issues fewer and far between, helping you save on costs significantly.

It also allows you to focus more on prevention rather than treatment, since you can deal with problems before they arise. This is also very beneficial for saving on costs, since costs will not compound into a large spend.

Why SILA group provides best Facility Management Services

SILA is a leading facility management company in Mumbai  that looks after various real estate services like project management, real estate advisory, real estate development, and home interior design Our Facility Management services team uses a combination of technology, engineered processes, and skilled human resources to efficiently manage Real Estate for our clients.

We have built a proprietary technology platform called SILA Connect to streamline our service delivery and operations across 75+ cities with 15000+ employees.

In 2022, SILA acquired Forbes Facilities Services, a leading Facilities Management and Catering Services provider. The combined entity manages over 100mn sq. ft. of Real Estate Assets across Commercial, Industrial, Retail, Hospitality and Residential sectors. We offer great services to our clients like Mechanical, Electrical & Plumbing - O&M, Housekeeping, Energy Management & ESG Audits, Pantry Management & Office Support, Community & Workplace Experience Services, Security & Fire Safety, Industrial Operations Support, Heavy Machine, Forklift & Warehousing Operations Support, Pest Control, Facade Cleaning & Horticulture, Catering & Cafeteria Management, Residential Township Management and Hazardous Waste Management.

We take care of every single one of your specific business. When it is about our clients, we don’t compromise.

With people spending most of their time inside buildings, it has become more critical than ever to improve the functionality, comfort, safety, and efficiency of buildings. This, in turn, makes effective facility management more important than ever. 

As a facility manager in a field that constantly keeps changing, it’s crucial to key an eye on the above-mentioned top trends shaping the facility management industry in 2019.

To know more: https://silagroup.co.in/integrated-facility-management-services

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Top 5 Challenges In Facilities Management

We’ve broken the huge list down to 5 major problems in facilities management.

COST CONTROL

Facility Managers in many companies face a common problem of being pressurized to do more with less. To tackle this, they have to accurately deal with budget constraints. Here’s how they do it :

• Considering all types of costs when preparing budget estimates: fixed, variable, direct and indirect;

• Tracking inventory

• Negotiating prices with suppliers

• Keeping a regular track of maintenance costs and financial information

• Considering some technological investments as value for money.

FM Operations can save money by becoming environment friendly.

They can also :

• Consider simple practices, such as using more natural light

• Moving to LED lighting

• Upgrading to automated buildings technologies, such as solar panels that will allow reductions in energy waste.

MULTITASKING & COORDINATING TEAMS

In order to make operations run smoothly, it is crucial to implement workplace practices that ensure a constant flow of communication, organization, knowledge sharing, productivity and innovation.

As today’s workforce is mobile, the perfect scenario is choosing a web-based facilities management software, that allows the work team to report failures, generate automatized reports and more. This is incredibly useful in any operational task.

Most facility managers face a common challenge of having to wear a juggler’s hat. One way to stay on top of your duties is to incorporate the help of facility management software.

Adopting digital calendars is also a good way to stay on top of the team’s maintenance responsibilities and plan the workload accordingly, work hand-in-hand with the team and foster information retrieval.

After all, the facility managers (and team) should be the number one problem solvers.

TIME MANAGEMENT

Facility managers have a lot to do every day, from coordinating teams, attending meetings, answering urgent emails, consult vendors or suppliers, etc. There are many workers with questions and unpredictable issues to solve.

To answer this problem better, we should take advantage of the developments in technology. Besides making planning and prioritizing tasks easier, it can be helpful in order in managing a wide range of locations in an easy, simple and fast way.

Having Facility Management information stored electronically, like SILA Connect, will help to automatically answer frequent questions, to set up what has to be done first and to organize time. And as we all know: saving time is saving money.

HANDLE FAILURE

Asset maintenance is one of the most complex processes which demands rigorous information flow and quick call-to-action.

Technology developments brought many solutions that should be adopted by the maintenance team in order to make their work easier. Keeping track of requests can be a lot easier and it is mandatory for a perfectly running process.

It should also be noted that in the coming years are expected progresses in intelligent technology, such as IoT (Internet of Things) sensors, which will enable automation of even more activities, such as failures reporting.

MAINTENANCE OF AGING EQUIPMENT & FACILITIES

With each year passing, the equipment and building structures begin to get old and have some technical problems. The fact that it is inevitable to replace it at some point, taking proper measures for maintenance and prevention of it can be of precious help. Planning plays crucial role to find ways to extend the life of existing assets to coordinate with the upcoming expenses. However, it is important that a facility manager must prevent, correct and replace equipment, considering all the associated costs, so that they preserve a part of the budget for emergency repairs and replacements.

SILA is a real estate platform providing facility management services, real estate project management & advisory, real estate contracting and real estate development.

To know more: https://silagroup.co.in/blog/top-5-challenges-in-facilities-management

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Decoding the Real Estate Approval Process in India - SILA

Being a diverse country, the list of approvals required for a real estate development project in India may vary slightly in different states and cities within each state. The various real-estate approvals necessary can be summarized into three broad categories: Pre-Construction, Construction and Post-Construction approvals. However, the residential & commercial real estate industry in India has gone through a comprehensive overhaul with the establishment of the Real Estate Regulatory Authority (RERA) and the subsequent RERA Act passed in 2016. Let us delve deeper into these approval processes, the latest initiatives taken by the Government and future trends that are re-defining the sector at large

Pre-Construction approval processes for a Real Estate project

Every real estate project needs a slew of mandatory approvals for the commencement of any work without which the project will be deemed illegal. A developer must firstly obtain a Non-agricultural order (NA Order) that ascertains that the land is intended for commercial use and must include key identifiers such as survey numbers, land area and boundaries of the project. This is then followed with a detailed survey map of the land being developed and contains a clear demarcation of various survey numbers. These survey maps are maintained by the local authorities and has huge importance since it is attached to a vast majority of the legal documents pertaining to the project.

Following the above processes, the architect then prepares a Master Plan or Layout Approval of the real estate project in accordance with the development rules and regulations unique to the project’s location which is then submitted by the developer to the development authority for approval. Post-approval, the developer proceeds to create detailed Building plans that details the structures to be built on the site and is further shared for regulatory approvals. Finally, a commencement certificate (CC) is issued to the developer permitting the start of construction work once other relevant approvals such as the Consent to Establish from Pollution Control Board and various NOCs from the water,fire, sewage and electricity departments are in place.

Construction & Post-Construction Approvals

Construction stage approvals are mostly related to compliance with approved plans and in some cases may require revisions to the building plans based on consultation with the local governing authority. In the event of any changes, the developer is obliged to make the required alterations and re-submit all plan for further ratification by the authority.

Once a project is completed, authorities conduct a final inspection and issue final certificates that certify the project’s completion in accordance with the granted approvals. At this stage, developers usually cross-reference the various NOCs issued during the pre-construction stage and are then granted a Completion certificate which certifies that the project has been executed in accordance with the approved plans. Post this, an Occupancy certificate is issued by the development authority that signals that the project is fit and safe for human occupation.

Initiatives taken to fast track the approval process & the role of digitization in bringing about transparency

The establishment of the various RERA bodies across all states in the country has brought about a transformational change in how business is conducted in the fast-growing real estate sector. By making it compulsory to register every new Real Estate Development project under the RERA unit in the state, development authorities have greater visibility of the project details and can monitor progress against the approved building plans. Developers on their part must conform to a list of well-defined guidelines laid down by the Real Estate Act, 2016 and are experiencing faster turnaround time for the various approvals. Other tangible benefits arising out of the implementation of RERA include developers informing buyers of any minor alteration to the building plan, sharing information regarding the project plan, timely completion of the project as per committed timeline and an increase in construction quality due to a defect liability period of 5 years from project completion. Due to the availability of the project’s details on the RERA website, buyers are benefiting from increased transparency and can arrive at more informed decisions regarding the developer and project to invest in. This digitization push has in turn promoted developers to embrace Best practices and increase the efficiency & quality of construction to appeal to more prospective buyers.

Increasing consumer awareness and its impact on Sales

The provisions of the RERA Act have also made real estate purchase simpler for the buyer due to the implicit transparency and has provided a unified legal regime across the country. Developers who have maintained a good track record in terms of project delivery are benefitting from greater buyer confidence ultimately leading to improved sales. In case of any issues faced by the buyer, he/she may file a complaint with the RERA unit in the state seeking relief from any violation or contravention of provisions of the Real Estate act or the rules or regulations framed under RERA and this has strengthened the entire ecosystem due to the increased buyer protection. Sales trends in key metro cities have been encouraging despite the COVID-19 led disruption and is slated to grow exponentially on the back of key reforms laid down in the past years.

Due to the increasing importance of good governance and compliance, many developers are now teaming up with Real Estate services-based firms for professional reviewing and monitoring of the entire approval process. This has given rise to a segment of such specialized entities like Mumbai-based Real Estate Platform and Development firm SILA who are partnering with leading developers today to achieve world-class standards in construction delivery, hitherto unseen in the Indian landscape so far.These firms are leveraging their expertise in conducting internal due diligence so that the developer gains from their insights which in turn are leveraged to extract greater operational efficiencies and faster project completion times which bodes well for developers and consumers alike.

To know more: https://silagroup.co.in/real-estate-development-and-asset-management

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SILA Interior Fit Outs

While designing a space - be it a home or an office, the design speaks a lot about the people who stay/work there. At SILA, our projects team works with you to understand your requirements to design and execute a space best suited to you. To know more: https://silagroup.co.in/

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Challenges and Opportunities in Real Estate Asset Management

The real estate asset management industry is facing both challenges and opportunities in the current market. On one hand, the industry is faced with a deceleration in growth and an increase in regulations, while on the other hand, there is a growing demand for real estate asset managers who can provide value-added services and navigate these challenges. In this article, we will explore some real-time challenges and opportunities in real estate asset management.

Defining Asset Management

Asset management is the process of maximizing the value of an investment property through proactive and strategic decision-making. It includes everything from identifying and acquiring properties that fit certain criteria, to making improvements and enhancements that will add value, to actively managing the day-to-day operations.

Real estate asset managers must be able to identify opportunities and navigate challenges to be successful.

Some common challenges that asset managers face include:

1. Dealing with complex financial data and analysis.

2. Understanding and keeping up with constantly changing markets.

3. Managing multiple stakeholders with different goals.

4. Identifying and mitigating risks.

5. Ensuring compliance with regulations.

Despite these challenges, there are many opportunities for those in asset management. For example, as the world becomes more digital, data analytics is becoming increasingly important in making informed decisions about investments. Additionally, the rise of Proptech (property technology) is providing new tools and solutions to help asset managers improve efficiency and drive better results.

Asset managers play a critical role in the real estate industry, overseeing the performance of properties and portfolios. While the challenges and opportunities in this field are ever-changing, asset managers must be prepared to adapt and evolve in order toad of the curve. The most successful asset managers are those who can identify trends and shifts in the market and adjust their strategies accordingly.

The Challenges of Real Estate Asset Management

The real estate asset management industry faces several challenges, from the need to keep up with rapidly changing technology, to the pressure to increase profitability and shareholder value. Here we take a look at some of the key challenges faced by those working in this field:

1. Changing Technology- The real estate asset management industry is being transformed by new technologies, and those who don't keep up could be left behind. From big data and analytics to drones and 3D printing, there are a host of new tools that are being used to improve efficiency and performance. While some companies are investing heavily in new technology, others are struggling to keep up, which could put them at a competitive disadvantage.

2. Increasing Pressure to Boost Profitability- As shareholders become increasingly demanding, there is mounting pressure on real estate asset managers to deliver strong financial results. This can be challenging in an industry where there are often long gestation periods for projects, and where returns can be volatile. To meet these challenges, asset managers need to find ways to increase revenue and cut costs without compromising on quality or service levels.

3. Rising Expectations from Clients- As investors become more sophisticated, they are expecting more from their asset managers. They want to see detailed reporting, transparency, and clear communication. They also expect their asset managers to add value, not just through financial returns, but also by providing advice on strategic decisions, such as when to buy or sell properties.

4. Growing Regulatory Pressure- The real estate asset management industry is subjected to a growing number of regulations, from anti-money laundering rules to environmental regulations. Complying with these rules can be costly and time-consuming, and failure to do so can result in hefty fines. As regulatory pressures increase, asset managers need to find ways to minimize the compliance burden without compromising on quality or service levels.

5. Increasing Competition- The real estate asset management industry is becoming increasingly competitive, as traditional players are facing new entrants from a range of industries, including private equity, hedge funds, and even technology companies. To stay ahead of the competition, asset managers need to differentiate themselves through their investment strategies, technology platforms, and customer service.

The Future of Real Estate Asset Management

As the world progresses, so does the real estate market.

New technologies and trends are emerging that are changing the way we manage our assets. Here are some of the challenges and opportunities that asset managers will face in the future:

1. Big data – As the world becomes more connected, there is an increasing amount of data available about everything, including real estate. This data can be used to make better decisions about where to invest, what type of properties to buy, and how to manage them.

2. Technology – New technologies are emerging that can help asset managers track their properties, understand what’s happening, and make better decisions about how to manage them.

3. Sustainability – More and more investors are interested in sustainable real estate investments. This presents both a challenge and an opportunity for asset managers. On one hand, they need to find ways to make their portfolio more sustainable. On the other hand, they can use sustainability as a differentiator to attract new investors.

4. Changing demographics – The world is becoming increasingly urbanized which is changing the demographics of cities. This presents both opportunities and challenges for real estate investors and asset managers. On one hand, there is a growing demand for urban properties. On the other hand, changing demographics can create new risks that need to be managed.

5. Economic uncertainty – The global economy is becoming increasingly uncertain. This presents both opportunities and challenges for real estate investors and asset managers. On one hand, economic uncertainty can create opportunities for bargain hunters. On the other hand, it can also lead to market volatility and increased risk.

In conclusion, real estate asset management is a complex and challenging field, but that can offer great opportunities for those with the right skills and knowledge. To know more: https://silagroup.co.in/real-estate-development-and-asset-management

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How Can I Integrate Facility Management and Housekeeping Services?

Providing a clean, safe, and comfortable environment to employees is one of the key aspects of job satisfaction. Cleanliness brings a positive work environment and ensures productive working hours.

What are the Benefits of Integrating Facility Management and Housekeeping?

There are many benefits to integrating facility management and housekeeping services. Perhaps the most obvious benefit is that it can save your time and money. By having one company manage both your facility and housekeeping, you can avoid the hassle and the expense of dealing with two separate companies.

Another benefit is that it can improve the overall quality of your facility. Having one company manage both your facility and housekeeping makes communication and coordination. This can lead to a more efficient and effective cleaning schedule, as well as an overall improvement of your facility.

Finally, integrating these two services can also improve employee morale. Employees who work in a clean and well-managed facility are often happier and more productive than those who work in a messy or disorganized one. Happy employees lead to a positive work environment, which also benefits your business.

How Can You Integrate These Services?

As a facility manager, you may be tasked with overseeing both housekeeping and facility management services. While these two departments may seem to operate independently, there are many ways to integrate the two services to create a more efficient and effective workplace. Here are a few tips on how to do just that:

1. Make sure both departments are on the same page: First and foremost, it’s important that both the housekeeping and facility management staff are aware of each other’s goals and objectives. This way, everyone is working towards the same goal of creating a safe and comfortable environment for employees and visitors.

2. Schedule regular meetings: To ensure that both departments are communicating effectively, it’s a good idea to schedule regular meetings. This way, any issues or concerns can be addressed quickly and efficiently.

3. Utilize technology: Various pieces of technology can be used to help facilitate communication between the two departments. For example, utilizing a work order management system can help ensure that all tasks are properly documented and tracked.

4. Foster a team environment: Finally, it’s important to create an environment where both housekeeping and facility management feel secure and positive in their roles.

Challenges You May Have When Integrating These Services

There are a few potential challenges you may face when integrating facility management and housekeeping services. One challenge could be getting the two departments to communicate effectively with each other. Another challenge could be coordinating the schedules of the employees in each department so that they can work together efficiently. You may also face budget constraints when trying to implement these changes.

To know more: https://silagroup.co.in/integrated-facility-management-services

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Why Do I Require Facility Management Services?

A facility management company can help you identify and fix problems at your property as well as maintain them.

The article will cover the following topics:

Business growth, avoiding potential disasters, keeping employees happy and healthy, and how facilities management services remove worries from your plate.

Read on to find out why a facility management service can be a great investment for your business.

There are many reasons why you might require facility management services. Perhaps you own a commercial property that needs to be maintained and operated safely and efficiently or maybe you manage a large office building and need help ensuring that it runs smoothly. Whatever the reason is, hiring a facility management company can help to improve the overall management of your property.

A facility management company can provide a wide range of services, from maintenance and repairs to security and cleaning. They can also help to develop and implement policies and procedures that will keep your property running smoothly. In addition, they can offer advice on how to improve the energy efficiency of your building, which can save your money in the long run.

If you are considering hiring a facility management company, it is important to do your research and choose one that is reputable and has experience in managing properties like yours. Once you have found a good company, they will work with you to develop a customized plan that meets your specific needs.

What are Facility Management Services?

When it comes to commercial and residential properties, facility management services are vital. These services can encompass a wide range of tasks, from maintenance and repairs to security and event planning. Anything that needs to be done to keep a property running smoothly falls under the umbrella of facility management.

There are many reasons why you might need to hire facility management services. Perhaps you own a large apartment complex and don't have the time or staff to take care of all the upkeep yourself or maybe you're planning a big event at your office and need someone to handle the logistics. Whatever the case may be, facility management services can save a lot of time and hassle.

If you're not sure whether or not you need facility management services, ask yourself the following questions:

- Do you have enough staff to handle all the tasks that need to be done?

- Do you have the time to oversee everything yourself?

- Are there any areas of your property that are neglected or in disrepair?

- Are you planning any big events in the near future?

If you answered 'no' to any of these questions, then it's likely that you could benefit from hiring a company for facility management services.

Why Do I Need Them?

If you are running a business, chances are you have a lot on your plate already. Trying to manage everything yourself can quickly become overwhelming, and it's important to delegate tasks so that you can focus on what's important. This is where facility management services come in.

A good facility management company will take care of all the details of running your commercial space, from maintenance and repairs to janitorial services and security. This frees up your time so that you can focus on growing your business. In addition, using professional services can save you money in the long run by preventing small problems from turning into major repairs.

So if you're wondering whether or not you need facility management services, the answer is probably a yes!

Delegating these tasks to experts will save your time and money in the long run and it will allow you to focus on what's most important for your business.

Conclusion

There are many reasons why you might require facility management services. Maybe you don't have the time or resources to properly manage your property yourself. Maybe you need help with a specific aspect of property management, like security or janitorial services or you just want the peace of mind that comes with knowing your property is being professionally managed. Whatever the reason is, there are plenty of facility management companies out there that can help you achieve your goals.

To know more: https://silagroup.co.in/integrated-facility-management-services

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Luxury Interiors by SILA

We believe that your home should be a reflection of who you are and the life you want to lead. Creating luxurious interiors can be one step in this beautiful journey.

Watch our video to see some of the luxury projects we’ve worked on and contact us to learn more!

To enquire for interior, connect with us on bd.projects@silagroup.co.in To know more: https://silagroup.co.in/

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How developers can ensure top-notch fire safety compliance

With an increase in the number of skyscrapers being developed across the country, a focus on fire safety regulations and compliances must be maintained to safeguard inhabitants. And the developer must install a robust firefighting system, use fire-resistant construction material where possible, and ensure all civil and fire-related compliances are adhered.

Let us look at key aspects which can help real estate developers create edifices that are less susceptible to fire risk and provide a safety net to its occupants in the unlikely scenario of a fire.

Incorporating spatial design elements to create a fire compartment.

For high-rise structures, the major threat to fire safety emanates from the rapid spread of fire from the initial focal point through common spaces like storage areas, elevator shafts, ventilation ducts and other cavities that may be integral to either the aesthetic or functional appeal of the structure. In order to mitigate this risk, it is important to ensure that there is a break in wind flow between two or more spaces by adding baffle plates or adopting asymmetric layouts. A benefit of the latter approach is that each unit within the project will be isolated from adjacent units, which will help curtail the risk of fire spreading from a local fire to any particular unit space. In the scenario where the design cannot be altered or for existing structures, a combination of fire-resistant walls, windows, doors, and access points can go a long way in reducing fire risk.

Installing adequate fire alarm and firefighting systems

In the event of a fire, it is crucial that the source is detected at the nascent stage through a network of fire alarm monitoring systems that include ionisation fire alarms, photoelectric detectors, or a combination of both types to maximise protection capabilities. To fight such kinds of fires, the developer needs to ensure that every level is equipped with fire hydrant systems for large spaces and fire suppression systems like sprinklers for individual units. Care must be taken to cover all areas and maintain a fire hydrant/extinguisher at the recommended distance as stipulated by fire safety norms mandated by the local authorities. Additionally, all equipment should be placed in easily accessible locations, and all occupants are made aware of the same for easy access in emergencies. Lastly, there has to be adequate space on the ground level for firefighting machinery to reach right up to the built structure and for fire-retarding operations to be carried out seamlessly.

Conducting regular safety audits to manage risk effectively

Despite all precautions taken, in many cases, fire tends to spread very fast and necessitates that a speedy evacuation procedure is in place. To help to carry out a safe evacuation process, it should be ensured that the optimal path is highlighted using glow-in-dark stickers and/or guiding lights so that all occupants can easily move towards the safe assembly area. After implementing these measures, all residents of a building should be taught about basic firefighting procedures and mock drills be conducted to ensure that they do not panic in a real crisis. Conducting regular safety audits comprising all checkpoints regarding the availability and functioning of firefighting equipment, awareness of residents on storage guidelines, and smooth emergency evacuation can make a crucial difference in an emergency situation.

Proper lifecycle management of critical electrical components

Finally, it is important that all electrical wiring, switches, circuit breakers and other equipment are checked for disintegration on a periodic basis and replaced if needed. This is primarily because electrical fires are the leading cause of most high-rise buildings and require specialised firefighting measures to combat their spread. A regular inspection of all floors in the building should ensure flammable materials that can trigger a much larger fire are not stored in common or enclosed areas, and appropriate measures are implemented to prevent such accumulation.

As a footnote, it is important for developers to ensure that the constructed complex is compliant with all fire safety norms and that additional precautions are taken right from the conceptual stage. With a safety mindset imbibed, such developers will eventually leverage the accumulated experience to develop even safer structures that can safeguard generations of their customers and create a brand celebrated by all.

To know more: https://silagroup.co.in/blog/how-developers-can-ensure-top-notch-fire-safety-compliance

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5 Tips To Make Your Home Look Bigger

Living in big cities, we often give up the luxury of space. From crowded streets to cramped spaces, it’s hard to find open areas that make you feel relaxed and calm. Our homes are where we end up spending a lot of our time, but what do you do if your home doesn’t feel spacious either?

We asked our professional team of SILA interior designers to share their top tips for making a space look and feel larger, and here’s what they had to say.

Service ACs Regularly

This was one thing everyone mentioned. When we’re at home, we often get used to the same clutter and mess that’s visible everyday. However, these corners stuffed with shoes, books or decor objects can end up looking messy and unappealing. In order to start making your space look bigger, you need to get rid of the unnecessary and organise the essentials. Find ways to hide your storage, under beds and on top of closets in order to keep things out of sight.

Use Neutral, Soft Colours

You might have noticed that deep, dark shades like burgundy and mustard can make a room feel cosy and intimate. And actually, the opposite is true of lighter pastel shades like baby blue and lemon yellow. If you’re working with a small space, find ways to use neutral or pastel tones as much as possible. Keeping everything in white can be quite boring so use pops of beige, brown, light blue or pale green to create interest and the feeling of space.

Pick See Through Materials

When you can see through something, anything on the other side will appear further away than it is tricking the mind into thinking that there is more space than in reality. For example, in a small bathroom, get rid of an opaque shower partition and replace this with something clear and thin. Choose materials like glass or lucite for your coffee tabletop or dining table, to open up the space around it.

Choose Plain Upholstery

You might find designers telling you that horizontal stripes will open up your space, however, unless everything else is totally neutral, this could end up making your space seem messier than it is. When choosing fabrics for bed covers, curtains, sofas and cushions, stick to light, natural-looking fabrics that are light in colour and in one solid tone. Any prints or patterns will add a busy feeling to your room..

Be Smart With Lighting

If you are lucky enough to have natural light in your space, then make the most of it. Open up your windows with sheer curtains, place plants and light pieces of furniture near the window and watch your space open up. If you’re not this lucky, worry not. You can create the illusion of natural light with smart lighting fixtures and warm, yellow LED bulbs. Choose light coloured lampshades and minimalistic fixtures to brighten up your room without adding any bulk.

You might think that you are at a disadvantage if you live in a small space, however, with the right tricks and hacks, you can at least create a feeling of spaciousness and calm!

If you’re looking to renovate or develop your own home, get in touch with us at bd.projects@silagroup.co.in to learn more about our interior design and project management services.

To know more: https://silagroup.co.in/blog/5-tips-to-make-your-home-look-bigger