Real Estate Industry needs regulatory body

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Calls for regulatory body for housing

PLAYERS in the real estate industry are calling for the creation of a supervisory body to regulate the real estate industry in the country.

The Managing Director or NTAC Properties Limited, Mr Jerome Eshun, who made the call, explained that such a body, when established, must be empowered to check unscrupulous and shoddy service providers in order to bring sanity into the real estate sector.

“We believe that there should be a high body above the Ghana Real Estate Developers  Association (GREDA) to help regulate activities of the real estate industry in Ghana”, Mr Eshun told the Media at the Ghana Facilities Management (FM) Roundtable event, in Accra

The event was held in commemoration of the 2017 World FM Day Celebration.

The World FM Day is an annual event celebrated by Global FM, a worldwide alliance of member-centred FM organisations that provide leadership in the advancement of the profession through FM institutions.

The programme which was organised by Alpha Mead Facilities and Management Services brought together players from various sectors of the Ghanaian economy to deliberate and share opinion on how best to improve housing acquisation in Africa.

The event also provided the opportunity to increase awareness and deepen understanding of Facilities Management and how it could support business profitability and productivity in Ghana.

Mr Eshun underscored the need for the country to embrace FacilityManagement as a critical and strategic discipline to support business profitability and productivity.

“Organisations increasingly occupy complex buildings and use sophisticated technology for communications and control.  Professional Facilities Managers is needed to plan, maintain and manage these facilities.  It is part of the drive to meet the higher demands of organisations and individuals.  And whether as employees, customers, students or patients, people have higher expectations of their living, working and leisure environments”, he said.

He observed that a good Facilities Manager could deliver flexibility, adaptability and sustainability, saying.  “It can also help organisations respond to cost pressures or the need for greater security”.

“Beyond buildings, it can enable remote working.  Today, facilities managers are expected to understand their company’s core business and contribute to the bottom line-not only by reducing operating costs, but also by improving the productivity, revenue-generating capacity and image of the entire organization”, he stated.

He also indicated that the introduction of Facilities Management in Ghana was positive for the industry as professionalism would be brought to the fore.

For his part, the Group Managing Director of Alpha Mead Facilities and Management Services Limited, Mr Femi Akintunde, said Facilities Management professionals were good stewards of the earth’s limited resources.

“They engage best practices in sustainability whenever possible to ensure operations are energy efficient, environmentally sound and promote the wellbeing of occupants”, he said.

According to him, facility professionals also help preserve natural resources, work to limit organisational footprints and prefer doing business with other similarly responsible organisations.