Property management companies play a crucial role in assisting landlords and homeowners with the day-to-day tasks of property maintenance. However, before choosing a property management company, it’s essential to consider factors like experience with different property types and sizes, services offered and fee structures. To help you make an effective decision while choosing a property management company, we compiled a list of India’s top companies in this article. Whether it’s finding the right tenants or handling repairs, these property management companies offer valuable expertise.
List of top property management companies
Assetz Property Services
Founded inr: 2006
Headquarters: Bangalore, Karnataka
Number of Employees: 201-500 employees
Assetz Property Services has emerged as a leading player in the real estate industry. Headquartered in Bangalore, the company focuses on four key verticals:
- Commercial
- Residential
- Warehousing
- Fund Management
Assetz Property Services is responsible for creating iconic IT tech parks in Bangalore, showing its skills in shaping the urban industry.
Cushman & Wakefield
Founded in: 1917
Headquarters: Gurugram, Haryana
Number of Employees: 50,001+ employees
Cushman & Wakefield stands as a global powerhouse in real estate services. With a vast network of offices across 60+ countries, the company boasts a team of approximately 50,000 employees. In India, Cushman & Wakefield has established its base in Gurugram, Haryana. Its diverse offerings span property, facilities and project management, leasing, capital markets, valuation and more, making them a comprehensive solution provider.
Hines India Real Estate
Founded in: 1958
Headquarters: Gurugram, Haryana
Number of employees: 51-200 employees
Hines India Real Estate, with a foundation dating back to 1958, boasts a global presence across 285 cities in 28 countries. The company’s extensive development, redevelopment and acquisition projects have shaped skylines and communities worldwide. Hines is renowned for its commitment to sustainability and innovation, making it a significant force in global real estate.
Knight Frank India
Founded in: 1896
Headquarters: Gurugram, Haryana
Number of employees: Over 19,000 employees globally
Knight Frank, founded in 1896 and headquartered in London, has established itself as a leading real estate consultancy. In India, the company operates from Mumbai, offering comprehensive property services. With a global network spanning 488 offices across 57 territories, the company is well-equipped to provide personalised, expert advice on property matters. Their commitment to excellence and personalised client service sets them apart in the industry.
FAQs
Why should I hire a property management company?
Hiring a property management company can save you time, reduce stress and ensure efficient property maintenance and tenant management.
What services do property management companies offer?
These companies provide services that include Tenant screening Rent collection Maintenance coordination Property marketing Lease agreements
How much do property management services cost?
Costs vary, but property management companies typically charge a percentage of the monthly rent, usually around 8% to 12%.
How do property managers handle property maintenance?
They coordinate and oversee maintenance and repairs, addressing issues promptly to keep the property in good condition and tenants satisfied.
What happens if a tenant doesn’t pay rent on time?
Property management companies handle rent collection and can enforce late fees or take appropriate actions as outlined in the lease agreement.
How are property management companies different from real estate agents?
Property managers focus on the ongoing operational aspects of a property, including tenant interactions and maintenance, whereas real estate agents primarily assist with property sales.
| Got any questions or point of view on our article? We would love to hear from you. Write to our Editor-in-Chief Jhumur Ghosh at jhumur.ghosh1@housing.com |
