Times Real Estate Conclave & Awards 2021 Brings Good News Galore, Top Performers

The Times Real Estate Conclave & Awards 2021 had an avalanche of good news for developers and other constituents of the industry. The main guest of the event, Dr Jitendra Satish Awhad, Minister of Housing of Maharashtra, announced that the state government is likely to have an amnesty program in which the concessions as well as a guarantee that ‘there will be no section 13 (2) for five years will be extended to failing development companies. Section 13 (2) is the Securitization and Reconstruction of Financial Assets and Enforcement of Collateral Act 2002.
One of the conditions that developers will have to respect will be the rehabilitation of residents of existing settlements before the start of the redevelopment process. “MHADA will rent open plots to developers and they will be able to raise money for it. There will always be a tripartite agreement signed by MHADA. No builder will own an inch of land at MHADA. Builders can only redevelop the property, but not the property, ”said Mr. Awhad.
The Times Real Estate Conclave & Awards 2021 was held with all the usual pomp and glory at the Taj Palace, Colaba on December 20, 2021 and brought together some of the best known names in the real estate industry. The Minister of State’s announcement was warmly received by the public.
The annual event that the real estate industry looks forward to each year awarded 36 kudos to top performers in all categories of real estate development, from townships to retail spaces, from malls to luxury brands, to lifelong directors thematic projects.
The Maharashtra government is awaiting the president’s assent for the state government to amend the law, explained Dr Awhad, which will enable the Maharashtra Housing and Area Development Authority (MHADA) to redevelop or repair the buildings. dilapidated and abandoned buildings.
Changing the law can revolutionize the real estate industry in Mumbai. “It is not enough to give government political concessions and tax breaks to industry. The state government tries to build trust so that all stakeholders, namely: consumer, developers and state government, benefit from the growth of the sector. ”
The two round tables during the conclave focused on “government support through reductions in circular rates and stamp duties” and “rebound in commercial and residential real estate demand”. In the first discussion, the panelists were Boman Rustom Irani, President-elect, CREDAI (Confederation of Property Developers Associations of India) and President and CEO, Rustomjee; Rajan Bandelkar, President, NAREDCO and Founder and Managing Director, Raunak Group and Manish Bathija, Owner of Paradise Group. In the second discussion, the panelists were Manan Shah, Managing Director, MICL Group Khilen Shah, Senior Vice President – Corporate, Hubtown Limited and Paarth K Mehta, Managing Director, Paradigm Realty India.
This year’s Times Real Estate Icons winners are:
> Iconic exceptional contribution to the real estate sector: Rajan Bandelkar of the Raunak group
> Emblematic real estate brand of the year: Birla Estates
> Iconic super luxury project: Rustomjee Elements Juhu by Rustomjee Group
> Emblematic real estate personality of the year: Boman Irani from the Rustomjee group
> Emblematic committed developer of the year: Paradise Group
> Emblematic project of the canton: Sarova by SD Corporation
> Emblematic residential developer – MMR Center: Raunak Group
> Emblematic young director of the year: Manan Shah of the MICL group
> Emblematic commercial project for a new working environment: “At” by AGM Vijaylaxmi Venture
> Emblematic township project: Wadhwa Wise City by the Wadhwa group
> Iconic Luxury Segment Project – Central Banlieue: Purva Clermont by Purvankara
> Iconic houses in the luxury segment – Western suburbs: Raajvilas by The Laxmi Group
> Emblematic Emerging Developer of the Year: Paradigm Realty
> Emblematic residential project of the year: Birla Niyaara by Birla Estates
> Iconic luxury real estate brand of the year: Lodha Luxury
> Launch campaign for emblematic residential projects: Birla Estates for Birla Niyaara
> Emblematic developer for redevelopment projects: Je & Vee Infrastructure
> Emblematic residential project of the year – South Mumbai: Dosti Eastern Bay by Dosti Realty
> Iconic residential project – Thane: Rutu City by Rutu Group
> Iconic Super Luxury Project – South Mumbai: 25 South by Hubtown
> Emblematic and innovative brand of the real estate market: Justo
> Iconic woman: Priyaa Gurnani by Moraj Infratech
> Iconic Super Luxury Project – Thane: Viraj Tower by Raunak Group
> Iconic innovative commercial project: Goodwill Bizhub by Goodwill Developers
> Emblematic Township Project – Central Suburb: Rutu Riverview Classic by Rutu Group
> Iconic thematic project: Provident Palm Vista by Provident Housing
> Iconic real estate launch campaign of the year: Rustomjee Bella by Rustomjee Group
> Iconic Thane residential project: Northern Lights by Shapoorji Pallonji Real Estate
> An emblematic strategic partner in affordable housing: the benchmarks
> Emblematic residential developer – Kalyan MMR: Groupe Saket
> Iconic excellence of the location: Swaminarayan City by Swaminarayan Group
> Iconic economic houses: MMR Shreeji Nisarg by Shreeji Developers
> Iconic affordable weekend homes: Majestic Meadows
> Emblematic developer of Balance Lifestyle Township: Siddharth Group
> Excellence in customer-centric development – Central suburbs: Rajshree Builders
> Iconic real estate consultant: Jignesh Hirani
Times Real Estate Conclave and Award 2021
Research methodology
The objective of this research was to arrive at Times real estate conclave and Award 2021 in their respective categories. The survey consisted of these modules, namely office secondary research, factual file sharing approach, factual inquiry (participatory survey) to arrive at the analysis and identify the end results of the best actors in different categories.
A secondary / desktop research was conducted to compile a comprehensive list of real estate players in Mumbai. The different sources used for the generation of the list of real estate entities included: directories of Credai Mumbai, BAI, REDAI, NAR, etc.
More than 400 real estate players have received the factual data questionnaire, followed by rigorous follow-up by phone, email and personal visits.
The study was conducted in Mumbai for 4 weeks, starting from the 2nd week of November 2021. The final score of each entity was weighted according to the average of the factual score. Based on the final score, the results were drawn in the respective categories.
Some caveats / assumptions:

  • The best efforts have been made to reach as much as possible each real estate actor in the respective categories; Any entity that expressly stated that it did not wish to participate in the survey was excluded from the survey.
  • If the nomination for a specific category was not received, those categories were dropped and the categories with unique nominations were awarded unanimously.
  • Only commercial entities that submitted their participatory fact sheet were considered.

To note: This survey was conducted by an independent research agency named Avance Insights Pvt. Ltd using the methodology shown to arrive at given results

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