Sobha bags Top Honours at the CNBC Awaaz Real Estate Awards 2013
Realty major, Sobha Developers Ltd., has been honoured with 'The Builder of the Year' award at the CNBC Awaaz Real Estate Awards 2013, that is widely considered to be one of India's biggest and most credible real estate awards.
- (1888PressRelease) December 27, 2013 - Amongst the 100 or so real estate players the country, this is the second time in a row that the company is being bestowed with the top-most honour by CNBC Awaaz. Last year, the company received the 'CNBC Awaaz Most Reliable Builder - National level' award, which was the top award then. The award recognises the exemplary work done by an organisation in the area of real estate development. The award was presented to Mr. J. C. Sharma, Vice Chairman & Managing Director, Sobha Developers Ltd., by Dr. Girija Vyas, Hon. Minister for Housing and Urban Poverty Alleviation recently at a scintillating award function in Mumbai.
Speaking on the occasion, Mr. J. C. Sharma, said, "We are truly honoured to have received the 'The Builder of the Year' this year. It is a matter of great pride that we were chosen on merit from a rating done on 4,892 Indian developers. The ratings were done with a focus on performance and commitment at a corporate level that included parameters like financial cash flows, construction timelines, price productivity, and delivery timeliness. We have emerged as the best performer in these parameters especially among developers with a supply magnitude of over 3 million square feet. Such recognition amongst top competitors in our sector is not only highly encouraging, but also deeply satisfying. It reiterates our belief that we are treading the right course."
Besides bagging the top honour, Sobha Lifestyle, one of Sobha's most prestigious flagship projects was also chosen as the 'Best 100 percent Complete Residential Project' in the Ultra Luxury Segment - Bangalore. "It is an honour that our product - Sobha Lifestyle stood out at an event where over 8000 projects were showcased. Sobha Lifestyle is our flagship project which gives living a new, elevated definition with its select presidential villas. It is a true embodiment of indulgence and an epitome of quality. The massive 55 acre project houses just 165 spacious super-luxury villas and the rest of the area is covered with over 12,000 trees. Keeping in-line with the environment-friendly theme, the project also contains the largest water harvesting facility found in any gated community and an organic waste convertor which converts organic waste into manure", added Mr. Sharma.
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