Bharti Realty Limited
Winner of CNBC Awaaz CRISIL CREDAI Real Estate Award 2010

Bharti Crescent – Headquarters of Bharti Enterprises at Vasant Kunj, New Delhi has been awarded the winner of CNBC AWAAZ Real Estate Awards’10 for Best Commercial property - North. This prestigious award was received by the hands of Shri Kamal Nath, Honorable Urban development Minster during the NATCOM conference held on 28 April 2011 at Singapore.

 
 

 

About the Award

CNBC Awaaz Real Estate Awards are India’s most distinguished awards for excellence in the Real estate sector. These awards ensure that the best developers and architects are rewarded for their outstanding work and contribution towards in the industry and in the nation as a whole.

With the increasing number of players in the Real Estate Industry, these awards by industry apex and monitoring bodies monitors and lends credibility to professional achievements in the sector. Powered with a robust methodology and selection procedure designed by CRISIL, these awards ensured that the best developers and architects were rewarded for their outstanding work and contribution towards the society, the industry, and the nation as a whole. These awards aim at identifying and honouring visionaries and professionals who have carved a niche for themselves in the real estate industry and also been the frontrunners in taking India's development international.

The Indian Real Estate Industry has grown significantly over the past few years. This sector has recorded a 30% annual growth in the financial year 2009 - 2010 and also progressed overwhelmingly in both, residential and commercial properties. India's construction sector accounts nearly for 7% - 8% of India's GDP. It is also one of the growth drivers of the Indian economy.

In prelude to the awards, CNBC Awaaz, CRISIL and CREDAI organized different ground forums across New Delhi, Kolkata, Mumbai and Pune. The aim of these forums was to bring together eminent personalities from the real estate sector to discuss and debate sound institutional practices which will help in corporatization of this industry and also highlight factors which can enhance the growth of this sector in future. These forums witnessed the presence of experts of the real estate industry such as Mr. Boman Irani, CMD, Rustomjee, Mr. Bandish Ajmera, Director, Ajmera Group, Mr. Gopal Kabra, President, Ram Ratna Group, Mr. Pankaj Kapoor, CEO, Liases Foras and Mr. Ghulam Zia, National Director, Knight Frank India, to name a few.

The judging process is a challenge with each passing year for the Real Estate Awards and this year is no different. A detailed methodology and criteria have been outlined by CRISIL to select India's finest builders, architects and interior designers. This includes selection of the winners from the various award categories based on a rigorous two stage selection procedure. In the short listing stage, all the data submitted by the developers in the application form were thoroughly scrutinized based on stringent criteria. Based on the information submitted by the developers list of finalists were shortlisted. These finalists were asked to make a presentation to an eminent Jury. CRISIL also asked for a declaration from the developer relating to the project, during this stage. The Jury evaluated the presentation made by the developer based on the criteria and also asked questions relating to the project and the promoters. The Jury then selected the winners for the various categories based upon the presentations made.