Tenon FM, one of India’s leading homegrown facility management companies illuminated the interdependent relationship of Facilities Management Services (FMS) and the real estate industry during the International Real Estate Community Management Summit (IRECMS) 2019 held in ITC Gardenia, Bangalore on 13th December.

According to Nitin Dave, the Managing Director, Tenon FM India, the real-estate sector is undergoing a major revival as the demand for gated communities and housing estates is on an increase. The overseas companies and investors are also capitalizing on the opportunities that the wave of urban development in India has to offer. The urban development and modernization of the residential/commercial spaces, however, necessitates the outsourcing of facilities management services as the in-house management may not suffice to handle the maintenance of large spaces economically.