Are you searching for a Property Management Service List for managing a house not in your inspection? Here we have discussed the Property Management Services in India that companies offer. If you are an NRI, HNI Aspirant Property Manager or Real Estate Agents then this guide will help you better understand where you should spend your money for managing them.
The complete guide will walk you through the property management meaning, types of services and lists, duties, list of platforms where you can find genuine property managers, and estimate service charges so that you can negotiate better.
Top 10 Property Management in India
Property management in India is a relatively new and trending concept, gaining prominence as more Non-Resident Indians (NRIs) and High Net Worth Individuals (HNIs) invest in rental houses, stores, and apartments in different cities.
This emerging trend involves third-party contractors overseeing the daily operations of various properties, including maintenance, security, and upkeep.
These property managers play a pivotal role in preserving property values and generating income for owners, particularly in sectors like apartment complexes, private communities, shopping centers, and industrial parks. As the real estate landscape evolves, property management becomes increasingly crucial.
Property developers often seek to move to their next project upon completion of the property, typically delegating day-to-day operations to external firms which are Property Management Companies. They provide the following services:
- Tenant screening
- Lease management
- Rent collection
- Property maintenance
- Repairs coordination
- Budget management
- Legal compliance
- Property Marketing
- Team supervision
- Tax management.
Types Of Property Management
| Property Management Types | Description |
|---|---|
| Residential Property Management | Manages rental properties such as single-family homes, vacation rentals, multifamily homes, townhouses, condominiums, apartments, manufactured homes, and REO properties. |
| Commercial Property Management | Focuses on properties like hotels, malls, restaurants, gas stations, office buildings, and co-working spaces. |
| Industrial Property Management | Oversees heavy manufacturing facilities, light manufacturing factories, warehouses, and distribution centers. |
| Special-Purpose Property Management | Includes management of theatres, sports arenas, resorts, senior care facilities, schools, and places of worship, among others. |
| Mixed-Use Property Management | Manages properties with a mix of residential, commercial, and industrial components. |
Property Management Service List 2023
The property management services vary according to tenant’s needs, property types, city, place, financial and legal status etc.
Property Maintenance Services
- Routine Inspections
- Regular Property Inspections
- Inspection Reporting
- Maintenance Planning
- Preventive Maintenance
- Repairs and Maintenance
- Emergency Repairs
- Scheduled Maintenance
- Vendor Management
- Property Improvement
- Landscaping
- Lawn Maintenance
- Garden Design and Care
- Irrigation Systems
- Outdoor Lighting
- Cleaning Services
- Common Area Cleaning
- Unit Cleaning Services
- Deep Cleaning
- Janitorial Services
Property Financial Management Services
- Rent Collection
- Rent Payment Processing
- Late Payment Handling
- Online Payment Options
- Rent Increase Notifications
- Accounting and Bookkeeping
- Financial Record Keeping
- Expense Tracking
- Tax Reporting
- Financial Statements
- Budgeting and Financial Reporting
- Budget Development
- Expense Analysis
- Financial Reporting
- Financial Planning
- Expense Management
- Utility Bill Payments
- Vendor Invoices
- Cost Reduction Strategies
- Budget Optimization
Legal and Regulatory Compliance
- Lease Agreement Drafting
- Custom Lease Agreements
- Legal Review
- Terms Negotiation
- Document Preparation
- Eviction Services
- Eviction Notices
- Legal Proceedings
- Tenant Communication
- Eviction Resolution
- Compliance with Local Laws and Regulations
- Fair Housing Compliance
- Zoning and Building Codes
- Licensing and Permits
- Tenant Privacy Laws
- Tenant Dispute Resolution
- Mediation Services
- Legal Consultation
- Conflict Resolution
- Court Representation
Some other property management services also include Tenant management and property marketing for selling. These services are offered by the Digital Preneur, Marketer and Agents Brokers.
Tenant Relations
- Tenant Communication
- Lease Agreement Communication
- Maintenance Requests
- General Updates
- Emergency Contact
- Handling Complaints
- Complaint Resolution
- Maintenance Complaints
- Noise Complaints
- Policy Violations
- Tenant Retention Strategies
- Tenant Loyalty Programs
- Lease Renewal Incentives
- Tenant Satisfaction Surveys
- Community Building Events
- Emergency Response
- 24/7 Emergency Hotline
- Disaster Preparedness
- Emergency Maintenance
- Crisis Management
Property Marketing and Tenant Acquisition
- Online Listings
- Listing Creation
- Search Engine Optimization (SEO)
- Professional Photography
- Virtual Tours
- Advertising
- Digital Advertising
- Print Advertising
- Social Media Marketing
- Pay-Per-Click (PPC) Campaigns
- Tenant Screening
- Background Checks
- Credit Checks
- Reference Verification
- Rental History Check
- Lease Negotiations
- Lease Agreement Preparation
- Negotiation Strategies
- Legal Consultation
- Terms and Conditions
Property Management Charges In India (Estimated)
Please keep in mind that these estimates are approximate and can vary based on factors such as the complexity of financial transactions, the number of properties under management, and the specific needs of the client. It’s advisable to conduct market research in your city and consider your costs and competitive factors when determining pricing for financial management services in the property management industry in India.
Routine Inspections:
| Service | Service Charge Range (INR) |
|---|---|
| Regular Property Inspections | 1,500 – 3,000 per inspection |
| Inspection Reporting | 1,000 – 2,500 per report |
| Maintenance Planning | 2,000 – 4,000 per plan |
| Preventive Maintenance | 2,500 – 5,000 per service |
Repairs and Maintenance:
| Service | Service Charge Range (INR) |
|---|---|
| Emergency Repairs | 2,500 – 5,000 per service |
| Scheduled Maintenance | 2,000 – 4,000 per service |
| Vendor Management | 3,000 – 6,000 per month |
| Property Improvement | Varies based on project |
Landscaping:
| Service | Service Charge Range (INR) |
|---|---|
| Lawn Maintenance | 1,500 – 3,000 per month |
| Garden Design and Care | Varies based on project |
| Irrigation Systems | 2,000 – 4,000 per system |
| Outdoor Lighting | 2,000 – 4,000 per system |
Cleaning Services:
| Service | Service Charge Range (INR) |
|---|---|
| Common Area Cleaning | 1,500 – 3,000 per month |
| Unit Cleaning Services | 1,000 – 2,500 per service |
| Deep Cleaning | 2,500 – 5,000 per service |
| Janitorial Services | 1,500 – 3,000 per month |
Rent Collection:
| Service | Service Charge Range (INR) |
|---|---|
| Rent Payment Processing | 1,000 – 2,500 per month |
| Late Payment Handling | 500 – 1,500 per late payment |
| Online Payment Options | 1,000 – 2,500 per setup |
| Rent Increase Notifications | 500 – 1,500 per notification |
Accounting and Bookkeeping:
| Service | Service Charge Range (INR) |
|---|---|
| Financial Record Keeping | 2,000 – 4,000 per month |
| Expense Tracking | 1,500 – 3,000 per month |
| Tax Reporting | 2,500 – 5,000 per filing |
| Financial Statements | 2,500 – 5,000 per statement |
Budgeting and Financial Reporting:
| Service | Service Charge Range (INR) |
|---|---|
| Budget Development | 2,000 – 4,000 per budget |
| Expense Analysis | 1,500 – 3,000 per analysis |
| Financial Reporting | 2,500 – 5,000 per report |
| Financial Planning | 3,000 – 6,000 per plan |
Expense Management:
| Service | Service Charge Range (INR) |
|---|---|
| Utility Bill Payments | 500 – 1,500 per payment |
| Vendor Invoices | 1,000 – 2,500 per invoice |
| Cost Reduction Strategies | Varies based on the project |
| Budget Optimization | Varies based on project |
Lease Agreement Drafting:
| Service | Service Charge Range (INR) |
|---|---|
| Custom Lease Agreements | 2,500 – 5,000 per agreement |
| Legal Review | 1,500 – 3,000 per review |
| Terms Negotiation | 2,000 – 4,000 per negotiation |
| Document Preparation | 1,000 – 2,500 per document |
Eviction Services:
| Service | Service Charge Range (INR) |
|---|---|
| Eviction Notices | 1,500 – 3,000 per notice |
| Legal Proceedings | 3,000 – 6,000 per case |
| Tenant Communication | 500 – 1,500 per communication |
| Eviction Resolution | 2,000 – 4,000 per resolution |
Compliance with Local Laws and Regulations:
| Service | Service Charge Range (INR) |
|---|---|
| Fair Housing Compliance | Consultation-based |
| Zoning and Building Codes | Consultation-based |
| Licensing and Permits | Consultation-based |
| Tenant Privacy Laws | Consultation-based |
Tenant Dispute Resolution:
| Service | Service Charge Range (INR) |
|---|---|
| Mediation Services | 2,500 – 5,000 per case |
| Legal Consultation | 2,000 – 4,000 per hour |
| Conflict Resolution | 3,000 – 6,000 per resolution |
| Court Representation | 5,000 – 10,000 per case |
Top 10 Property Management Companies Online
Final Destination Reality Pvt Ltd: Indore Real Estate
FDR Real Estate provides Property Management services in Indore. We have been in Indore Real Estate for 5 years. To get your property-related service do contact us.
Ajmera Realty & Infra India Ltd
| Founded | Core Interests | Locations | International Projects |
|---|---|---|---|
| 1985 | Realty, Construction, Cement, Steel Rolls | Mumbai, Pune, Ahmedabad, Surat, Rajkot, Bangalore | United Kingdom |
Assetz Property Services Pvt. Ltd.
| Founded | Business Verticals | Headquarters |
|---|---|---|
| 2006 | Commercial, Residential, Warehousing, Fund Management | Bangalore, Karnataka (Singapore HQ) |
Cushman & Wakefield
| Founded | Global Presence | Indian Base | NYSE Listing |
|---|---|---|---|
| Global | 400 Offices in 60 Countries | Gurgaon, Haryana | August 2, 2018 |
DLF Ltd
| Founded | Notable Developments |
|---|---|
| 1946 | Various Delhi Locations |
Elara Technologies Pte Ltd (Housing.com)
| Founded | Services | Availability |
|---|---|---|
| 2012 | Real Estate Search Portal | Over 40 Cities in India |
Godrej Industries Ltd
| Founded | Operations | Indian Cities |
|---|---|---|
| 1963 | Residential Buildings, Commercial Complexes, Townships | Multiple Indian Cities |
Hines India Real Estate Pvt Ltd
| Founded | Global Presence | Developments | Asset Management |
|---|---|---|---|
| 1958 | 285 Cities in 28 Countries | 198 Developments Worldwide | 669 Properties Managed |
Knight Frank India Pvt Ltd
| Founded | Global Network | Services |
|---|---|---|
| 1896 | 488 Offices in 57 Territories | Residential and Commercial Property Services |
L&T Realty Ltd.
| Founded | Portfolio | Locations |
|---|---|---|
| 2011 | Residential, Commercial, Retail | Mumbai, Navi Mumbai, NCR, Bengaluru, Hyderabad, Chennai |
Prestige Estates Projects Ltd
| Founded | Notable Developments | Ratings |
|---|---|---|
| 1986 | Residential Colonies, Commercial Spaces | CRISIL DA1 Rating, ICRA A Rating |
Top 10 Property Real Estate Websites in India
| Website Name | Link |
|---|---|
| Magicbricks | www.magicbricks.com |
| 99acres | www.99acres.com |
| CommonFloor | www.commonfloor.com |
| Housing.com | www.housing.com |
| IndiaProperty | www.indiaproperty.com |
| Proptiger | www.proptiger.com |
| PropertyWala | www.propertywala.com |
| NoBroker | www.nobroker.in |
| Sulekha Property | property.sulekha.com |
| Makaan.com | www.makaan.com |
