Time was when people were unable to put their real estate assets to better use. While some cursed the archaic provisions of the Rent Control Act, others, particularly NRIs who are away from home town for years together, could not utilise their assets to earn return on investment due to fear of not getting their assets back.

In a paradoxical situation, while residents are unable to get rental accommodation at affordable prices in metros, apartments were simply locked up without letting out due to lack of professionalised organisation to manage the assets in the absence of owners. With India on the threshold of a new era, international brands specialising in facility management are eyeing the potential surrounding the property management sector.