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BW Businessworld

'The India Corporate Real Estate Trends 2013' By Jones Lang LaSalle

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Jones Lang LaSalle India, an international property consultancy released its report 'On The Verge Of Transformation: India Corporate Real Estate Trends 2013'that provides  insights into the current state and future direction of corporate real estate (CRE) in India.
 
Of the companies Jones Lang LaSalle surveyed globally, 44 per cent plan to expand in India over the next three years, but the country’s vast cultural diversity is one of the biggest challenges they will face when it comes to driving workplace transformation in the country.
 
“In India, enhancing workplace productivity is a strategic priority, and this calls for more commitment from CRE teams. Workplace transformation projects offer CRE teams a unique opportunity to demonstrate value to the business. However, lack of investment capital, cultural diversity, employee resistance and lack of continued support often stop complex projects from being completed successfully,” says Yash Kapila, MD,Corporate Solutions, Jones Lang LaSalle India. 
 
As both Indian and Western companies seek to capitalise on India’s economic growth, there is increasing pressure to contain costs while enhancing workplace productivity. The report shows that 89 per cent of CRE executives in India, compared to 72 per cent globally, are being challenged by their senior leadership to impact and add value to the productivity of their workplace. 
  
The report shows that a majority of CRE teams in India do not feel well equipped to address the increasing demands of senior leadership and are at risk of under-performing. However, India’s BPO culture nurtures the readiness to adopt outsourcing models and solutions making outsourcing the delivery of CRE services to external partners an increasingly accepted and cost effective solution for both global companies looking to expand into the country and Indian companies looking at domestic growth.