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The State of Facility Management in India

4 years ago

ID: #655047

Business Description

The Indian Facilities Management (FM) industry is in the midst of rapid developments in end-user industries, which has led to the considerable growth of commercial activities in metropolitan cities such as Delhi /NCR, Mumbai, Hyderabad, Pune, Chennai, and Bengaluru. The forecasted CAGR over the next 3 years in the FM Industry is estimated to be 17.19% by a Technavio Report. The majority of the Indian market today is still comprised of the unorganised sector, however, due to the growing influence of urban development, post the modernisation, and the RERA act; the market is now moving towards a more organised approach. In effect, FM services are steadily gaining popularity among commercial as well as residential clients.qa++-++9

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