CRE in India has started to transform. Increased exposure to the C-suite, more integrated collaboration with other functions and a strategic outsourcing mindset indicate that the function is maturing and preparing to play a more significant role in corporate agendas.
However, the CRE platform is missing a few key elements, without which the performance of CRE teams may be compromised. Limited availability of trained CRE professionals, a lack of real estate experience from procurement teams in selecting the right strategic partners, limited analytical tools and the underinvestment in workplace transformation projects are some of the constraints that put the CRE function at risk of underperforming.
‘On the Verge of Transformation’ identifies three key trends for CRE in India.
Question: To what extent is your CRE strategy aligned to your company’s broader business strategies/corporate goals, today and in three years’ time?
Question: In your organisation, what is the single most limiting factor in driving workplace transformation?
Note: Totals may not equal 100% due to the inclusion of the most limiting factors only.
Question: What productivity outcomes does your organisation expect the CRE function to deliver? (Those who responded that expectations to deliver in these areas are ‘high’.)