Property Management Companies in India
The role of property management companies in India cannot be undermined. Whether it is residential, commercial or rental property, these companies will assist you in all your real estate demands.
The services offered by the property management companies in India are varied. There are many companies that offer a wide spectrum of services while there are few who offer specialized services related to only rental, residential or commercial.
Property management companies in India operate in majority of the cities in India. But there are few cities where you may not find them. However, it won’t be long, before you will find them operating in these cities too.
Role of the property management companies in India
An important factor that has contributed to the boom in property management in India is booming real estate sector in the country. Since residential, commercial, retail, and rental property is rapidly growing, it has resulted in the increase in demand for property managers. The services offered by the property management companies in India are given below.
Property management companies in India – What they do?
They have a vital role to play in the property market irrespective of whether it is residential, commercial, retail or rental property. Check out the functions of the property management companies in India.
Commercial and residential property
As far as commercial property is concerned which include shopping malls, parks, plazas, schools, colleges, training institutes, highways, and expressway etc, property management is required to address various areas. These may include maintenance, repair, adopting adequate safety measures, fire protection, leasing, rent collection, renovation, addressing lawsuits, paying property taxes, reporting changes in real estate market and taking steps accordingly, and maintaining accounts etc. The role is almost same in case of residential property too.
In case of rental property, rental property management companies in India will help you to look for a suitable tenant, collecting rent, checking credibility of the prospective tenant, studying the rental real estate market, check for latest rent rates in the market etc.
Names of few well known property management companies in India
There are many property management companies in India. Given below are names of just a few of them.
Dhamu and Company in Jaipur
EWDPL India Pvt. Limited
Jones Lang LaSalle India
Knight Frank India Private Limited etc
Property management companies in India charge fees depending on the services they offer. Generally, you need to enter into a contract which contains the terms and conditions pertaining to the tasks that they have been entrusted with. There are many property management companies in India that charge a percentage of the rent they collect as their fees.