Dubai realty plans Rs. 300-cr expansion

Facility management firm EFS Facilities Services, which is a Dubai based player has decided to increase its present in India by investing Rs 300 crore by 2020. To achieve its laid down targets it is currently scouting to acquire two companies in the soft facility management space and one company in the specialized engineering services segment, said group chief executive officer, Tariq Chauhan, adding that the company intends to become a full facility management company in the near future, for which it has lined up couple of acquisitions by the first quarter of 2018 and acquisition of a cleaning company in 2019. The company also intends to get into residential township management after these acquisitions. EFS Facilities Services, with presence in India since 2007, manages a total of 5 million square meters of real estate in India and around 30 million square meters globally. It mainly serves clients in sectors such as banking, telecommunication, information technology, office real estate and a little bit of residential real estate.