consultantsreview logo

Consultants Review Magazine

Space Management: A Pioneer in Residential and Commercial Real Estate Industry

In the early 1980s when industrial and trade revolution was just in its infancy in India, the real estate sector was still not much explored. Real estate consulting was still a fancy job anybody could claim to posses, and thus was mostly ill-equipped with inexperienced and unorganized realtors. The unprofessional and untrustworthy nature of real estate consultants or brokers created an extremely negative image of the industry as a whole. The incompetency of the brokers led to an increase in number of failed case studies. One such case was of Kishor Dedhia and Piyush Dedhia, when efforts were made in vain getting the right consultation in getting a commercial site for setting up their factory in 1982-83. The dreadful experience ignited the idea of initiating a real estate venture free from all possible flaws. Hence 1984 marked the inception of Space Management as a brainchild of Kishor Dedhia, Managing Director and Piyush Dedhia, Chairman, Space Management Limited
The incident that gave birth to the concept of Space Management was not unique to the founding duo. It was an equal constraint for most corporate companies of varying size and affluence. Realizing the prime crisis in real estate, Kishor and Piyush focused on providing real estate solutions for setting up new office spaces and accommodating the employees who had shifted in. Kishor and Piyush made deliberate efforts to change the cards and turn the business in favor as the scenario was not much in favor of the realtors those days. The draconian laws were another prick in the way. In order to beat the challenge they pioneered a new concept of company leasing which eventually became a standard practice for even other real estate companies. CIO Vendor
“This unique solution almost energized the moribund rental market with huge supply of properties and since we pioneered this concept we reaped rich rewards in terms of very high market share in the residential and commercial markets in the city of Ahmedabad,” expounded a proud Kishor.
Space Management has become another name of trust and dependency for the any corporate company seeking office space or accommodation of its employees.
With a gamut of impeccable services like residential and commercial rental, residential and commercial sale/purchase, real estate investment, entire project marketing, interior designing, portfolio management, etc. Space Management has been aiding the corporates and their employees find a workplace and a home. The sterling services and end-to-end support including after sales support and transparency in dealing has helped Space Management bag some of the biggest names in the corporate sector across multiple industrial domains. A few of its celebrated clients are Citi Bank, HDFC, ICICI, Westside, Life Style, Pyramid, L&T, Shell, Vodafone, Coca Cola, Pepsi, TATA, Reliance, Adani, Arvind, Torrent, etc.

The sterling services and end-to-end support including after sales support has helped Space Management bag some of the biggest names in the corporate sector across multiple industrial domains

The unmatchable services and solutions revamping the real estate milieu has fetched Space Management and Kishor several awards and recognitions including the Yuva Icon Award 2011 and getting featured in Divya Bhaskar. The team has grown with time and business demands from just two founding members to 51 adept consultants in its 31 years of operation. With the motto of providing office premises and residential accommodations for corporate companies, Space Management is heading towards adding more feathers to the hat of real estate history.