Non-resident Indians (NRIs) are helping to put India’s real estate market back on track for a recovery, according to organisers of the 3rd PropertyGuru Asia Property Awards (India).
The PropertyGuru Asia Property Awards (India) is part of the region’s industry leading PropertyGuru Asia Property Awards programme and will be held amid renewed buyer interest in the residential market from the Indian diaspora. Organised by PropertyGuru (NYSE: PGRU), Southeast Asia’s leading proptech company, the Awards will be presented for the first time in India at an exclusive gala dinner and ceremony in October 2022. The black-tie event is supported by official portal partner Housing.com and media partner The Hindu.
- Black-tie gala dinner and awards presentation will be held for the first time in India in October 2022.
- Diverse honours to recognise real estate portfolios, as well as achievements in property development and design.
- Entries and nominations are open until 2 September.
Attracted by a soft rupee and low interest rates, NRIs invested USD 13.1 billion in Indian real estate last year, according to research by PropertyGuru Property Report, the official magazine of the Awards.
Such a surge in interest from Indian expatriates worldwide has helped to buffer the impact of the pandemic on the national property sector. Demand from NRI buyers has also fuelled interest in luxury Indian properties that are comparable to homes in developed economies.
Expats from India account for about 6.5% of the world’s 272 million migrants. Barring economic disruption, the Indian housing market will become a trillion-dollar industry by 2030.
With end-users driving demand, new residential supply in India will continue to improve in quality in the coming years. The PropertyGuru Asia Property Awards (India) programme will be celebrating such developments and other key segments of the Indian real estate industry across a variety of award categories.
Prolific developers to be recognised
The 3rd PropertyGuru Asia Property Awards (India) will recognise the asset portfolios of development companies across the nation. Eligible developers will vie for the titles of Best Operational Hospitality Portfolio, Best Operational Office Portfolio, Best Operational Industrial Portfolio, and Best Operational Retail Portfolio.
Other open categories include Best Developer (India) and individual honours for the best developers in Delhi NCR and Mumbai, as well as titles for condo, housing, and commercial development. Categories honouring green, eco-friendly, pet-friendly, mixed-use, branded residential, smart building, and integrated work-from-home developments, are also open. Honours will be given to achievements in architectural design, interior design, landscape architectural design, and others.
The full list of categories is available at https://www.asiapropertyawards.com/en/award/india/.
Amit Khanna, managing director, Phoenix Advisers and chairperson of the judges panel and Jules Kay, general manager, PropertyGuru Asia Property Awards & Events, together with PropertyGuru Asia Property Awards team.
Key dates:
2 September 2022 – Entries Close
19-22 September 2022 – Site Inspections
23 September 2022 – Final Judging
October 2022 – Gala Event and Awards Ceremony in India
9 December 2022 – Regional Grand Final Gala Event in Bangkok, Thailand
Nominations and entries are being accepted at https://www.asiapropertyawards.com/.
An independent panel of judges will participate in a rigorous selection process, shortlisting eligible entries and nominations to the wide array of categories. The judging will be supervised by a third-party team from HLB, the global network of independent advisory and accounting firms, maintaining the programme’s reputation for being fair, transparent, and credible.
Successful awards presentation
The 2021 PropertyGuru Asia Property Awards (India) were presented last year via a virtual gala celebration that honoured luxury developer Sunteck Realty Ltd and other companies around the country. The celebration was part of PropertyGuru Asia Property Awards’ virtual gala series, which began streaming in 2020 and continued in 2021, garnering around 1 million views to date, across multiple channels.
Main country winners of the 2022 Awards in India, will be eligible to contend for the Best of Asia honours at the 17th PropertyGuru Asia Property Awards Grand Final on December 9, in Bangkok, Thailand.
Established in 2005, the PropertyGuru Asia Property Awards has expanded over the years to cover not only India’s huge property market but also those of Sri Lanka, Australia, China, and Greater Niseko, Japan.
The 3rd PropertyGuru Asia Property Awards (India) programme is supported by official portal partner Housing.com; official magazine PropertyGuru Property Report; official PR partner FleishmanHillard India; media partner The Hindu; official ESG partner Baan Dek Foundation; supporting association IFC – Excellence in Design for Greater Efficiencies; and official supervisor HLB.
For more information, email awards@propertyguru.com or visit the official website: AsiaPropertyAwards.com.
PropertyGuru contacts:
| General enquiries:
Richard Allan Aquino Head of Brand & Marketing Services M: +66 92 954 4154 E: allan@propertyguru.com Sponsorships: Kanittha Srithongsuk Regional Manager, Awards Sponsorship M: +66 93 293 9794 E: kanittha@propertyguru.com |
Media and partnerships:
Piyachanok Raungpaka (Pang) Media Relations & Marketing Services Executive M: +66 94 887 5163 E: piyachanok@propertyguru.com Sales and nominations: Monika Singh Solutions Manager M: +66 87 677 4812 E: monika@propertyguru.com |
