17th CWAB Awards to be conducted, nominations close soon
Company News

17th CWAB Awards to be conducted, nominations close soon

The real estate sector – the second-highest employment generator in India – is one of the most extensively recognised categories comprising four main verticals – residential, hospitality, commercial, and retail. Driven by increasing transparency and returns, the sector has been attracting private investments. Consider this: Blackstone, the private market investor that has invested about Rs 3.8 lakh crore (US$ 50 billion) in the sector in India, and as a recent report indicates, it aims to invest an additional Rs 17 lakh crore (US$22 billion) by 2030.

Several initiatives by the Government of India along with the governments of respective states have only been encouraging development in the sector. Notable initiatives and opportunities for real estate companies have been coming along the ‘Housing for All’ and the ‘Smart Cities Mission’ with a plan to build 100 smart cities.

While this market has been reeling under the impact of the pandemic and coming to a standstill for atleast two years, it has now begun to pick up steam. What’s more, in the post-pandemic era, developers and other entities still have a voracious desire for property acquisition.

ANAROCK Research reveals that between January 2022 till date, various entities sealed at least 28 separate land deals cumulatively accounting for over 1,237 acre across the country. Of the total transacted land, at least 18 deals accounting for 351 acre are earmarked for multiple residential projects across cities. Hyderabad remained highly buoyant in the period, with the most land transactions – five separate deals for 715 acre accounted for over 59 per cent of the total land transacted between January to date. Tier-II and -III cities with major land deals included Ahmedabad (2 deals for over 6 acre), Nagpur (one deal for over 58 acre), and Sonipat (one deal for over 50 acre).

The current shortage of housing in urban areas is estimated to be approximately 10 million units. An additional 25 million units of affordable housing are required by 2030 to meet the growth in the country’s urban population.

The demand for housing and office space in India is expected to continue to rise as the country’s urban landscape changes positively. Since the sector offers significant investment opportunities with potential for long-term profits, investors await to invest. Even more, a report by Savills India indicates that the real estate demand for data centres is expected to increase by 15-18 million sq ft by 2025. Also, the organised retail real estate stock is expected to increase by 28 per cent to 82 million sq ft by 2023.

Keeping this vision in mind, the CONSTRUCTION WORLD will organise the “17th Construction World Architect & Builder Awards 2022”. The Construction World Architect and Builder (CWAB) Awards, initiated in 2006, are India’s most coveted awards for the architecture and building industry. The awards recognise the people and organisations responsible for the changing landscape of the country – the Top Architects and the Top Builders of India and felicitate them.

The event is supported by Marmo Solutions as Title Partner, Johnson Lifts and Escalators as the Gold Partner, and Lanxess as the Green Partner. The jury meet for the event is scheduled for July 14, 2022. The nomination for the event closes on July 6, 2022.

The CWAB Awards, for the past decade and a half, have featured the best speakers from across the globe who have spoken on various themes like INNOVISION, YOUTH, GREEN, STAR, FUSION, and more. The 17th CWAB Awards 2022 will award the best and brightest minds not just across the Top Architect & Top Builder categories, furthermore across Noteworthy Projects which was introduced in 2016 to celebrate our new decade of CWAB. Besides, the Builders and Architects in Tier-II and Tier-III cities will also be recognised through the Regional Awards. To know more, click here.

The real estate sector – the second-highest employment generator in India – is one of the most extensively recognised categories comprising four main verticals – residential, hospitality, commercial, and retail. Driven by increasing transparency and returns, the sector has been attracting private investments. Consider this: Blackstone, the private market investor that has invested about Rs 3.8 lakh crore (US$ 50 billion) in the sector in India, and as a recent report indicates, it aims to invest an additional Rs 17 lakh crore (US$22 billion) by 2030. Several initiatives by the Government of India along with the governments of respective states have only been encouraging development in the sector. Notable initiatives and opportunities for real estate companies have been coming along the ‘Housing for All’ and the ‘Smart Cities Mission’ with a plan to build 100 smart cities. While this market has been reeling under the impact of the pandemic and coming to a standstill for atleast two years, it has now begun to pick up steam. What’s more, in the post-pandemic era, developers and other entities still have a voracious desire for property acquisition. ANAROCK Research reveals that between January 2022 till date, various entities sealed at least 28 separate land deals cumulatively accounting for over 1,237 acre across the country. Of the total transacted land, at least 18 deals accounting for 351 acre are earmarked for multiple residential projects across cities. Hyderabad remained highly buoyant in the period, with the most land transactions – five separate deals for 715 acre accounted for over 59 per cent of the total land transacted between January to date. Tier-II and -III cities with major land deals included Ahmedabad (2 deals for over 6 acre), Nagpur (one deal for over 58 acre), and Sonipat (one deal for over 50 acre). The current shortage of housing in urban areas is estimated to be approximately 10 million units. An additional 25 million units of affordable housing are required by 2030 to meet the growth in the country’s urban population. The demand for housing and office space in India is expected to continue to rise as the country’s urban landscape changes positively. Since the sector offers significant investment opportunities with potential for long-term profits, investors await to invest. Even more, a report by Savills India indicates that the real estate demand for data centres is expected to increase by 15-18 million sq ft by 2025. Also, the organised retail real estate stock is expected to increase by 28 per cent to 82 million sq ft by 2023. Keeping this vision in mind, the CONSTRUCTION WORLD will organise the “17th Construction World Architect & Builder Awards 2022”. The Construction World Architect and Builder (CWAB) Awards, initiated in 2006, are India’s most coveted awards for the architecture and building industry. The awards recognise the people and organisations responsible for the changing landscape of the country – the Top Architects and the Top Builders of India and felicitate them. The event is supported by Marmo Solutions as Title Partner, Johnson Lifts and Escalators as the Gold Partner, and Lanxess as the Green Partner. The jury meet for the event is scheduled for July 14, 2022. The nomination for the event closes on July 6, 2022. The CWAB Awards, for the past decade and a half, have featured the best speakers from across the globe who have spoken on various themes like INNOVISION, YOUTH, GREEN, STAR, FUSION, and more. The 17th CWAB Awards 2022 will award the best and brightest minds not just across the Top Architect & Top Builder categories, furthermore across Noteworthy Projects which was introduced in 2016 to celebrate our new decade of CWAB. Besides, the Builders and Architects in Tier-II and Tier-III cities will also be recognised through the Regional Awards. To know more, click here.

Next Story
Infrastructure Energy

KEC Secures Rs 10, 380 Mn Substation Order in Saudi Arabia

KEC International Ltd., a global infrastructure EPC major, and an RPG Group company, has secured a new order worth Rs 10,380 million for the Design, Supply and Installation of a 380 kV GIS Substation in Saudi Arabia.Vimal Kejriwal, MD & CEO, KEC International Ltd., commented, “We are delighted with the successive order wins in our T&D business. In a landmark achievement, we have secured our largest ever substation order. This prestigious order in the Middle East has widened our portfolio and strengthened our presence in the region. With this strategic win, our year-to-date or..

Next Story
Infrastructure Urban

Central Bank of India executes first fully digital SCF deal on PSB Xchange

In a major advancement for India’s banking sector, Central Bank of India (CBI) has successfully completed the country’s first fully digital supply chain finance (SCF) transaction on PSB Xchange—a unified multi-lender platform launched by PSB Alliance. PSB Xchange is designed to connect public and private sector banks, NBFCs, and fintechs with corporates and their channel partners to facilitate supply chain finance and small business loans. The transaction marks the first time a fintech-originated corporate lead has been seamlessly processed through the PSB Xchange ecosystem. The lead fl..

Next Story
Infrastructure Energy

Atlanta Electricals secures Rs 1,835 Mn transformer order from BNC Power

Atlanta Electricals Limited (“Atlanta”) has secured an order worth Rs 1,835 million from BNC Power Projects Ltd for the supply of extra high voltage (EHV) transformers and a bus reactor for its Pugal site. The contract includes a mix of 315 MVA, 400 KV and 100 MVA, 132 KV transformers along with a 400 KV bus reactor. The project scope encompasses design, manufacturing, testing, and supply to the project site. Deliveries will be sequenced following engineering and drawing approvals, offering multi-quarter execution visibility and ensuring a steady production run-rate. The order will be ex..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?