The Best of the Best
The CNBC-AWAAZ 14th Real Estate Award, presented by RR Kabel, is one of the most transparent awards in the real estate industry. Several crucial factors would be evaluated to review the "on-ground performance" of real estate projects. Factors such as scientifically graded features, amenities offered in a project, construction progress, timely delivery, inhabitability, and customer satisfaction would be paramount for being adjudged the "Best Project" under different categories. Entries will be selected across four zones in India. The winners of these zonal awards shall go on to compete for the National Award.
The awards would be evaluated on the basis of ground performance of real estate projects. The Projects will be further divided into these key categories –
RESIDENTIAL
COMMERCIAL
RETAIL
ESG CHAMPIONS
PROPTECH
DEBUTANT DEVELOPER
The projects should be 95 - 100% complete before nomination.
This shall define the valuation of a property in terms of the Price of a Unit. This project definition is given below:
| SEGMENT | MUMBAI REGION AND NCR BASE COST OF THE FLAT (MAJORITY OF UNITS FALL UNDER) |
OTHER CITIES BASE COST OF THE FLAT (MAJORITY OF UNITS FALL UNDER) |
|---|---|---|
| Mass Housing | Less than Rs 25 lac | Less than Rs 25 lac |
| Affordable Segment | Less than Rs 65 lac | Less than Rs 50 lac |
| Mid – Segment | Rs 65 lac – 3 crore | Rs 50 lac – 1 crore |
| Luxury Segment | 3 Cr – 7.5 Cr | 1 Cr – 2 Cr |
| Ultra - Luxury Segment | More than 7.5 Cr | More than 2 Cr |
Given below are the eligibility criterions for applying to The CNBC-AWAAZ Real Estate Awards:
Residential
About 95-100% complete
Project which started not before April 2017 and are at least 95% complete as on March 2023.
Commercial
100% complete
Commercial property shall have a minimum super built-up area of 3 lac sqft. Must have commenced operation between April 2020 and March 2023
Retail
100% complete
Retail property shall have a minimum super built-up area of 3 lac sqft. Must have commenced operation between April 2020 and March 2023.
ESG Champions
Entity should have ESG policy in place and should have demonstrated application of the same in 2 of their projects
PropTech
Companies having commenced Operation in Prop Tech (Minimum three years)
The Award will be conducted in 4 zones across India. The winners from the zonal awards will qualify for the national level awards.
| NORTH ZONE | SOUTH ZONE | EAST ZONE | WEST ZONE |
|---|---|---|---|
| Jammu & Kashmir | Karnataka | Orissa | Maharashtra |
| Himachal Pradesh | Andhra Pradesh | Jharkhand | Gujarat |
| Punjab | Telangana | Sikkim | Goa |
| Haryana | Kerela | Bihar | Rajasthan |
| Uttrakhand | Puducherry | Meghalaya | |
| Delhi | Tamil Nadu | Assam | |
| Uttar Pradesh | Arunachal Pradesh | ||
| Madhya Pradesh | Nagaland | ||
| Chattisgarh | Manipur | ||
| Mizoram | |||
| Tripura | |||
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