Winners

EMBASSY GROUP

October 2019
  • Year of establishment: 1993
  • State: Karnataka
  • Top management: Jitu Virwani, Chairman and Managing Director, Embassy Group 
Since inception in 1993, the group holds an extensive land bank of over 1,000 acre across the country. With 50 completed projects spanning 54.38 million sq ft and 20 ongoing projects, its operations are spread across Indian and international markets. With over 600 employees, it specialises in commercial, residential, industrial warehousing, hospitality, services and educational undertakings. 
It has also exclusively partnered with WeWork and launched the brand in India, providing co-working spaces and fostering a community second to none. Another addition to the portfolio is Embassy Industrial Parks, a JV between the Embassy Group and Warburg Pincus. 
The group has also diversified into the renewable energy business with a solar power plant in Karnataka to help achieve an 80-per-cent green energy mix across its business parks. 

HIRANANDANI CONSTRUCTIONS
  • Year of establishment: 1978
  • State: Maharashtra
  • Top management: Dr Niranjan Hiranandani and 

Surendra Hiranandani, Founders and Directors, Hiranandani Constructions

Since inception, this real-estate company has developed a significant presence even beyond borders by specialising in residential, commercial, hospitality, healthcare, retail and educational institutions. With around 850 employees, it has completed projects spanning about 30 million sq ft and made its mark by building world-class townships, introducing integrated lifestyles, expanding expectations of its customers with various ventures, and emerging as a symbol of premium quality, status and value. The Hiranandani townships are acknowledged for their emphasis on humanising the urban environment and striking an attractive balance between greenery and construction. The company is recognised for innovation and setting new quality standards for both residential and commercial complexes on a sustainable basis.

K RAHEJA CORP
  • Year of establishment: 1956
  • State: Maharashtra
  • Top management: Vinod Rohira, Managing Director and CEO, Commercial Real Estate & REIT, K Raheja Corp

A success story spanning six decades, the company stands today as one of India’s leading developers having completed 10 residential projects and 14 business parks across the country, of which four are still ongoing. It currently has projects spanning 14.2 million sq ft under development. From exquisite residences to adaptive workplaces, skilfully created hotels and convention centres to outstanding retail destinations, it has made a significant impact on the evolution of modern-day living with the help of around 9,479 employees. K Raheja Corp delivers aspirational spaces with distinct characteristics and attributes, making each of its offerings unique. The company has also been ahead of the curve in the green development sector. Pioneering responsibility towards contributing to a green society, it signed an MoU with the CII-Green Building Council to construct green buildings as far back as 2007. Apart from its eco-friendly constructions, K Raheja Corp is committed to developing large, green expanses across the country. With its buildings certified in the LEED categories of Gold and Platinum, it has been recognised with awards across prestigious forums.

PRESTIGE Group 
  • Year of establishment: 1986
  • State: Karnataka
  • Top management: Irfan Razack, Chairman and Managing Director, Prestige Group
Over the past decade, the company has firmly established itself as one of the leading and most successful developers of real estate in India by imprinting its indelible mark across all asset classes, primarily in the residential, commercial, retail and hospitality sectors. With a workforce of 9,414, it has completed 231 projects spanning 112 million sq ft and is currently working on 46 projects that are set to span 46 million sq ft. 
At Prestige, ethics and integrity are imbued deeply into functioning. It consciously ensures incorporation of environment-friendly practices and green building principles in projects throughout their life-cycle, from design through construction and post completion. Whenever Prestige has to decide on the type of development, whether residential, commercial or retail, it takes into account local needs, existing infrastructure and the difference the development will make to the local community and city as a whole. There is also special emphasis on the safety of workers at construction sites.

SOBHA
  • Year of establishment: 1995
  • State: Karnataka
  • Top management: Ravi Menon, Chairman, Sobha

Set up in 1995 with a clear vision to transform the way people perceive quality, the company today boasts an expansive portfolio. As on June 30, 2019, the firm has  delivered 104.18 million sq ft of developable area, and further has ongoing real estate projects aggregating to 42.15 million sq ft of developable area and 29.16 million sq ft of saleable area, and ongoing contractual projects aggregating to 9.15 million sq ft under various stages of construction. Specialising in residential and contractual projects, it has become a trusted brand and one of the foremost backward integrated real-estate players in the country with over 3,600 employees. Sobha also has a real-estate presence in 10 cities, with an overall footprint in 27 cities and 14 states across India. At Sobha, focus on quality and timely delivery of projects are most crucial. Over the past 24 years, the company has consistently followed these two aspects to establish itself as a market leader and pioneer.