The real estate sector has steadied itself and is gearing up to see tremendous growth owing to heavy investments.
At Novitatt we recognizes the need for a reliable provider of solutions to the growing demands of this sector and offers its cutting-edge technology and attractive business models.
Recent economic development which has not always been positive has had a considerable influence on real estate management. For instance, you may be experiencing unusually high vacancy levels at numerous locations. To manage space effectively, you need a comprehensive overview of which spaces are vacant when and why. In addition, you are often responsible for drastically lowering the costs for using internal spaces to meet cost-reduction goals. Therefore, you need to improve the process flows of facility management and make them more uniform, while bundling purchase volume at the same time. And to help offset declining results in other areas of the company, you may be expected to balance things out. To do that, you become more and more involved with selling off parts of the real estate portfolio or restructuring it to free hidden reserves.
Increasing market globalization places new demands on real estate management. Banks and retailers are increasingly investing in a network of subsidiaries that extends into other countries. That often makes real estate managers responsible for leasing new space or erecting new buildings in various countries. This entails becoming familiar with the legal requirements and economic conditions of each of these countries. At the same time, your company expects you to maintain an overview of all real estate activities and to produce reports on these diverse countries in a uniform manner. As a consequence of mergers and acquisitions, real estate portfolios are merged or redistributed. In this context, you must assess the new space requirements and make needed adjustments, including selling, leasing, and renovating assets.
As the real estate sector emerges out of the economic downturn, the sector has been able to realign its strategies that are more foolproof in order to ensure future sustainability. The real estate industry recovery has disclosed positive trends towards tremendous growth like,
- Innovative mechanisms of adding value to Real Estate through value added services for clients to guarantee assured stream of revenues
- An exciting proposition for developers
- Need for a long term strategic partner willing to co-invest in large projects (SEZs and Integrated townships)
- Financial modeling that involves a risk reward win-win business plan will to ensure success in the segment
- Co-owners will include Developers, System Integrators, Principals and Service Providers
The Real Estate Management solution groups the typical processes and functions in the application into five main process categories (or key capabilities). Because the life cycle of a real estate asset begins with the acquisition being recorded in the real estate portfolio and ends with its disposal, the solution map begins here. This is followed by management of the relevant data of the real estate portfolio.
Operative real estate management follows: first commercial management and then technical management. The supporting processes complete the picture, including management accounting (controlling), reporting, and especially important for large volume business correspondence.