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Record year for Property Award entries

New Delhi, May 04, 2017: The growth in popularity for the Asia Pacific Property Awards continues in 2017 with a record number of entries in all categories. Our winners can look forward to the awards ceremony on 25th – 26th May 2017, taking place in the exciting and vibrant city of Bangkok at The Bangkok Marriott Marquis Queen’s Park.

A recent entrant anticipating a win is The Embassy Group,one of India’s leading property developers based in Pune. Embassy Grove development,located in Bangalore is spread over 7.93 acres adjoining the Kamataka Golf Association’s 18-hole golf course. The development includes 106 beautifully appointed duplex and triplex villaments, surrounded by lush landscaped gardens.Each unit is equipped with state of the art home automation together with its own private garden/terrace, private pool and sundeck. A nearby clubhouse provides a wide range of amenities including a gym, yoga studio, open air theatre, children’s play area, convenience store and café.

The Asia Pacific Property Awards is part of the global International Property Awards which began in 1995, celebrate the highest levels of achievement by companies operating within Real Estate, Architecture, Interior Design and Development. The awards are split in to regions covering UK, Europe, Africa, Asia Pacific, Arabia, Canada, Caribbean, Central & South America and the USA. Judging is completed by an independent panel of 70 industry experts, focusing on design, quality, service, innovation, originality, and commitment to sustainability. The judging panel is chaired by Lord Caithness, Lord Best, The Earl of Liverpool, andLord Thurso, members of the UK House of Lords.

The top winners in the Asia Pacific region will automatically be entered in to the overall International awards, culminating in a glittering awards ceremony, held in London at the end of the year.An International Property Award is a world-renowned mark of excellence.

The awards will also play host to IPAX Global, an open networking event and exhibition aimed at key property industry professionals and attended by many major decision makers within the property industry. Attendees can look forward to live seminars, conducted by expert speakers and take part in open discussions. This is a great opportunity to make connections, form new alliances and generate new business.

www.ipaxglobal.com

Corporate Comm India(CCI Newswire)

The Property Times News Bureau

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RBI Holds Repo Rate at 5.25%; Realty Industry Sees Stability as Growth Driver The Reserve Bank of India’s (RBI) decision to maintain the repo rate at 5.25% and retain its ‘neutral’ monetary policy stance in the third bi-monthly Monetary Policy Committee (MPC) meeting of FY27 has elicited a measured response from the real estate industry. While the sector had hoped for a rate cut to further enhance home loan affordability and stimulate housing demand, industry leaders believe the RBI’s decision reflects a balanced approach amid elevated global uncertainties, volatile energy prices, and inflationary concerns. They noted that stable interest rates will continue to support buyer confidence, provide financial predictability for developers, and sustain the momentum witnessed in the residential real estate market. Mr. Kamlesh Thakur, President, NAREDCO Maharashtra “The RBI’s decision to maintain the repo rate at 5.25% while retaining a neutral stance reflects a prudent approach amid global uncertainties and evolving inflation dynamics. While the industry was hopeful of a rate cut, policy stability itself provides confidence to both developers and homebuyers. With borrowing costs remaining unchanged, housing demand is expected to continue its momentum, particularly in the mid-income and premium segments. The upward revision of India’s GDP growth projection to 6.7% underscores the resilience of the domestic economy. Going forward, as inflation moderates in line with the RBI’s expectations, there could be room for a more accommodative monetary policy. A future rate cut would further improve housing affordability, strengthen buyer sentiment, and accelerate investments across the residential and commercial real estate sectors.” Mr. Kaushal Agarwal, Chairman, The Guardians Real Estate Advisory “The RBI’s decision to keep the repo rate unchanged brings continuity and predictability to the market at a time when global geopolitical developments and inflationary pressures continue to create uncertainty. Stable interest rates ensure that home loan EMIs remain broadly unchanged, allowing prospective buyers to make informed purchasing decisions without concerns over rising borrowing costs. The Indian housing market has demonstrated remarkable resilience over the past few years, supported by strong end-user demand, rising incomes, and growing confidence in the economy. With GDP growth projected at 6.7%, we expect housing demand to remain healthy across key micro-markets.” Mr. Shilpin Tater, Managing Director, Superb Realty “The RBI’s decision to maintain the repo rate is a balanced move considering the current global economic environment and domestic inflation outlook. Policy stability is particularly important for the real estate sector as it enables developers to plan projects with greater financial certainty while allowing buyers to benefit from stable lending rates. Demand for quality residential & commercial developments, especially in well-connected urban locations, is expected to remain robust. We remain optimistic that supportive monetary measures in the future could further strengthen investment activity.” Ms. Shraddha Kedia-Agarwal, Director, Transcon Developers “The RBI has adopted a measured and responsible approach by maintaining the repo rate while closely monitoring inflationary trends and global developments. Although a rate cut would have enhanced affordability for homebuyers, the decision to maintain stability provides confidence to both consumers and developers in an uncertain macroeconomic environment. The premium and luxury housing segments continue to witness healthy demand driven by aspirational buyers and strong wealth creation, while the broader residential market remains supported by genuine end-user demand. Stable financing costs, coupled with India’s improving growth outlook, should sustain market momentum.” Mr. Dhruman Shah, Promoter, Ariha Group “The RBI’s decision to keep the repo rate unchanged reflects its focus on balancing growth with inflation management amidst ongoing global uncertainties. For the real estate sector, policy continuity is a positive outcome as it preserves financial stability and ensures that financing conditions remain predictable for both developers and homebuyers. Stable interest rates, combined with sustained infrastructure investments and urbanization, will continue to support residential sales.”

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