ICICI Bank Home Loans & CNBC Awaaz announced the winners of 'Real Estate Awards' in the presence of Hon. Union Minister for Urban Development, Mr. Jaipal Reddy in Mumbai.

Pioneered by ICICI Bank Home Loans, leaders in retail sector, CNBC Awaaz India's premier Hindi business consumer channel along with CRISIL, India's premier credit rating agency, 'Real Estate Awards' honours India's leading developers and builders who have the potential to raise the bar and set new benchmarks for newer entrants.

While the Indian economy is growing at 8-to9 %, the real estate sector is seen as one of the fastest growing sector and playing a pivotal role in Indian economy. In the first half of 2007 the industry has accounted for about 2.2bn investments. The growth of the IT, IT enabled services, biotechnology, insurance, banking and retail malls has lead to the increase in real estate demand and prices.

Hundreds of builders sent in their nominations from across India for various categories. Entries were further segregated to retail, commercial and residential sectors from across the country and the best across small, medium and large-scale.

The Real Estate Awards selection procedure was meticulously designed by CRISIL. The objective of the Real Estate Awards is to develop a credible platform which will recognize the contributions from this booming sector and hence serve as the definitive benchmark for the industry & consumers.

While speaking on this occasion CNBC Awaaz spokesperson said "CNBC Awaaz, along with ICICI Bank Home Loans and CRISIL takes great pride in the growth achieved by the Real Estate Sector. But unless the sector embraces transparency and institutionalization there is a serious inherent risk that can affect its long term visibility. 'Real Estate Award' is one such attempt which will bring to light some of the best practices from this upcoming industry, setting standards based on which the industry can take cues to grow."
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  • Kalpataru wins CNBC Awaaz-CRISIL Real Estate Award

    Kalpataru Properties Pvt. Ltd., one of the Top 10 developers in India today, has won awards for both the Best Residential Property and Best Organization Structure at the CNBC Awaaz- Crisil Real Estate Awards 2007 held at Taj on August 16, 2007.

    Kalpataru was awarded out of 175 entries for the Best Residential property and the Best Organization Structure award out of 15 entries.

    Kalpataru Horizon at Worli, won the award for Best Residential Property.
    Kalpataru Horizon is a unique and prestigious residential project and 1st of its kind, as the 1st residential floor starts at the 14th level (120 feet) of each tower. The building stands tall with 2 premium residential towers of 30 storeys each on 11, 878.02 sq m, rectangular plot. The towers have 3 flats per floor being 3 & 4 BHK apartments and exclusive 4 BHK penthouses. The complex is equipped with a clubhouse with a party lounge, games room, squash court, health club and a well equipped gym. The sale of the flats was by invitation only.

    These awards are a testimony of our excellent team who have dedicatedly worked to create a landmark projects like Kalpataru Horizon. This project provides a mixture of both the latest innovations and aesthetics to the buyers of premium apartments. Kalpataru Horizon houses the who’s who of the corporate world be it business head’s or industrialists as its residents. Each room of all the flats in this building has a sea view and this was possible only if it was built beyond a certain height.

    Kalpataru has proved itself to be one of the few organizations in the real estate sector that has truly corporatised itself by having all the relevant departments. Having gained the ISO certification as early as 1998, the company has proved itself to have a futuristic approach. Its motto of ‘No Compromise’ and the true spirit of innovation has percolated within its people, revolutionizing their approach and making Kalpataru a trendsetter

    Mr. Parag Munot – Executive Director, Kalpataru Group says: "Kalpataru has always been ahead of its time both in terms of construction concept as well as human resource management. By empowering our people we have been able to work together as a family and create an organization for this sun rise sector."

    News Source: moneycontrol.com
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  • Awards

    The Awards were divided into four categories – Theme, Category, Achievement and Special Awards.

    While the Theme and Category Awards were evaluated by CRISIL on certain set parameters, the nominees were shortlisted in each category depending on the architectural design, execution and facilities apart from the other considerations like compliance to environment and safety norms.

    The Special Awards for Best Architecture, Interior Designers and Malls were nominated by Jones Lang Lasalle Meghraj depending on the venture’s performance and contribution towards the real estate sector. A jury of well-known industry leaders in the real estate space shortlisted the winners for the same.

    Jawaharlal Nehru Urban Renewal Mission bagged the award for ‘Outstanding Contribution to Real Estate Sector,’ while DLF Developers were named the ‘Most Diversified Real Estate Developers’. Best Project Execution was awarded to Malachite 3- Sobha Developers, while Sintex Best Architect Award for Residential Buildings went to C P Kukreja.
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