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CNBC Awaaz gives away Real Estates Awards 2012

This year more than 8000 projects across 12 cities were evaluated for the awards

December 26, 2012:

CNBC AWAAZ in association with R.R. Kabel, hosted the ‘Real Estate Awards 2012’ – India’s biggest and most credible honor to recognize commendable merit of visionaries and professionals from the industry. The event, themed as Modern Marvel, was attended by Ajay Maken, Housing and Poverty Alleviation Minister of India, along with some of the biggest names from India’s real estate fraternity.

CNBC AWAAZ Real Estate Awards returned this year with a new avatar and made it viable for the small builders to compete along with the established players in the market. Nominees were critically judged, based on distinguished criterions like standard, quality of project, customer satisfaction and efficiency. This year more than 8000 projects across 12 cities were evaluated for the awards.

On the occasion of the awards Sanjay Pugalia, Editor-in-chief, CNBC AWAAZ said, “We have earned the respect of being one of the transparent and most credible recognition is the real estate industry. It gives us great pleasure to know that our awards are considered as a benchmark in the industry. This year we have altered the format to focus "on ground performance" of real estate projects, which have allowed many participants to enrol from tier I and tier II cities. It is our pleasure to say that we have got such encouraging response from diverse players of the industry.”

All entries were diligently scrutinized thereby making it the most admired and credible award for the Real Estate sector.  Several crucial factors were evaluated to arrive at the "on ground performance" of real estate projects. Scientifically graded features and amenities offered in a project was another important aspect, while construction progress, timely delivery, inhabitability and customers' satisfaction was considered paramount for being adjudged as "Best Project". Projects across India was invited and evaluated by Liases Foras with the help of its exhaustive database.

Awards went out to the following categories:

Affordable Segment -  100% Complete Shipra Estate NCR
Mid Segment - 100% Complete Brigade Group Bangalore
Luxury - 100% Complete Lunkad Realty Pune
Ultra Luxury -  100% Complete Amar Builders Pune
Affordable Segment - U/c - More than 70% Complete City Corporation Limited Pune
Affordable Segment - U/c - More than 70% Complete Ashiana Housing & Finance ltd. NCR
Mid Segment - U/c - More than 70% Complete Kalpataru Limited MMR
Luxury - U/c - More than 70% Complete The Advantage Raheja Bangalore
Ultra Luxury - U/c - More than 70% Complete Queens Court NCR
Best Commercial Project DLF IT SEZ Chennai
Best Retail project DLF Emporio NCR
Most Consumer Friendly Developers Magarpatta Township Pune
Best Project Execution Mahindra SEZ Chennai
Best Greenest Project Magarpatta City Pune
Commercial Greenest Project Pritech Park - RGA software System (P) Ltd. and Primal Projects Pvt Ltd Bangalore
Best Integrated Project Magarpatta City Pune
Best managed projects: Post sales City Corporation Limited Pune
Most Reliable Builder Sobha Developers Bangalore
Architect's choice/Best Design Brigade Gateway
Best Home loan provider State Bank of India
Best Real Estate fund HDFC Real Estate PMS
Best State Government Initiative Rajasthan Govt
Building world class infrasturcture Jaypee Group

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