On the Verge of Transformation India Corporate Real Estate Trends 2013

global responses countries India responses trends

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Strategic mind set is paving the way for CRE transformation in India

Hard-line reporting to the C-suite strengthens CRE’s strategic alignment

Global CRE heads’ reporting lines

Almost a half of India-based companies have a dedicated CRE department

Within what department does the global head of CRE reside?

CRE collaboration with HR will see significant increase over the next three years

India’s BPO culture makes current attitudes towards outsourcing more favorable

Internal limitations and constraints are holding back faster progress

The shortage of CRE talent and a lack of dedicated educational programs hinder CRE up-skilling

CRE to FTE ratio breakdown in India-based companies

Lack of effective data and analytics is the biggest constraint hindering CRE from delivering business value

Occupancy planning and financial modelling technology tools are required to fill the gap and make data analytics possible

In India, cultural diversity is as important for workplace transformation as investment capital

Indian procurement teams are actively involved in CRE but may lack the knowledge of real estate services to be effective

Upgraded CRE function needed to meet increasing strategic demands

Faced with increasing expectations, most CRE teams do not feel well equipped to meet all demands

Tactical demands from senior leadership are increasing faster in India than globally

In addition, strategic demands are increasing in number and complexity

High degree of senior leaders expect CRE to drive workplace transformation, primarily improving workplace productivity, well ahead of global expectations

India is second only to China in the net expected growth of real estate portfolios over the next three years

Companies based in India expect their portfolios to grow most in Asia

Real estate market transparency is perceived as the greatest challenge when expanding into developing markets

On the Verge of Transformation India Corporate Real Estate Trends 2013