The 3rd PropertyGuru Asia Property Awards (India) programme honours diverse real estate companies, projects

A celebration of fine residential, commercial and infrastructural developments in India

  • Casagrand Builder Pvt. Ltd. is hailed Best Lifestyle Developer while Embassy REIT wins eight titles, including Best Operational Office Portfolio, plus a regional award at the Grand Final
  • Award-winning projects include Piramal Aranya by Piramal Realty and The Waterfall – P’residential by Armaan Infrastructure
  • Sahil Vachani, CEO and managing director of Max Estates Limited, is inaugural recipient of the India Real Estate Personality of the Year award

BANGKOK, Thailand — 9 December 2022

The winners of the 3rd Annual PropertyGuru Asia Property Awards (India) were unveiled today in an exclusive luncheon and presentation at The Athenee Hotel, a Luxury Collection Hotel, Bangkok.

The 2022 edition of the Awards in India is one of the programme’s most diverse yet, with 15 titles presented to various recipients that include one of the country’s most prolific real estate investment trusts.

Casagrand Builder Pvt. Ltd. received the never-before-presented title of Best Lifestyle Developer. The Chennai-based real estate enterprise impressed judges with its gated community and apartment developments, many of which feature outstanding lifestyle amenities.

Embassy REIT won all eight of its nominations, including the never-before-presented Best Operational Office Portfolio award. Embassy Manyata Front Parcel Development and Embassy TechVillage Parcel 8 won the Best Mixed Use Development and Best Integrated Development awards, respectively. The company also won titles for Embassy Manyata Flyover; Embassy Manyata – Refurbishment of Block K; Embassy Oxygen, Tower-1; Embassy TechVillage – Central Garden; and Hudson & Ganges Office Towers, Embassy TechZone.

More: Indian real estate is back on track

Embassy TechVillage – Central Garden went on to win the Best Commercial Landscape Architectural Design (Asia) award at the 17th PropertyGuru Asia Property Awards Grand Final, also held 9 December in Bangkok. The Grand Final drew awardees from various countries, representing top winners from PropertyGuru Asia Property Awards’ series of in-person and virtual gala celebrations across the region.

Piramal Aranya by Piramal Realty won the coveted honour of Best Condo Development (India) as well as the Best Condo/Apartment Development award. Armaan Infrastructure won Best Luxury Condo/Apartment Development for The Waterfall – P’residential.

Sunteck Realty Limited, named Best Developer (Mumbai) last year, garnered the Best Waterview Condo/Apartment Development award for Sunteck Beach Residences (SBR) while Trifecta Projects Private Limited gained the Best Housing Development honour for Trifecta Verde En Resplandor.

Sahil Vachani, CEO and managing director of Max Estates Limited, was inaugurated as the first recipient of the India Real Estate Personality of the Year award. The editors of Property Report by PropertyGuru, the official magazine of the Awards, selected Vachani for showing leadership in the commercial space and transforming Max Estates Limited into a full-fledged real estate company.

Vachani said: “I’m humbled to receive the Real Estate Personality of the Year Award, and I would like to thank the entire team at PropertyGuru Asia Property Awards (India) and PropertyGuru Group for honouring me with this award. I must commend the entire team for organising a magnificent event, which would not have been possible without great time, dedication, and effort. I’d like to dedicate this award to my team at Max Estates where we continually strive to deliver on our purpose to enhance the quality of lives through the spaces that we create.”

More: Indian Millennials on a buying spree 

Hari V. Krishnan, CEO and managing director of PropertyGuru Group, said: “We celebrate the third edition of our Awards in India with a renewed sense of optimism in the country. These award-winning residential, commercial and infrastructural projects show an ever-improving quality of real estate in India and a preparedness to serve its vast, fast-growing housing market. Congratulations to all the award recipients in India!”

The list of winners was rigorously selected by an independent panel of judges consisting of Amit Khanna, chairperson of the Awards and managing director, Phoenix Advisers; Ajai A Kapoor, CEO, 360 degrees – Real Estate Services; Avinash Khater, founder and chairman of The Real Estate Kings (TREK); Jitender Girdhar, FRICS, FAIQS, co-founder and director, Qonqests Technical Solutions and VDC Technologies; Madhav Raman, co-founder, Anagram Architects; Mallika Desai Thakker, co-founder and creative head at Vibe Design Lab; and Shradha Mithal, managing director, Resettle Destination Services.

HLB is the official supervisor of the PropertyGuru Asia Property Awards. In India, the judging is supervised by S.S Kothari Mehta & Co., a member firm of HLB International, under the leadership of Surabhi Bansal and Atul Chopra.

Organised by PropertyGuru Group (NYSE: PGRU), the 3rd PropertyGuru Asia Property Awards (India) programme is supported by official portal partner; official magazine Property Report by PropertyGuru; official PR partner FleishmanHillard; media partner The Hindu; supporting association IFC – Excellence in Design for Greater Efficiencies; and official supervisor HLB.

For more information, email [email protected] or visit the official website:



3rd PropertyGuru Asia Property Awards (India)



Best Lifestyle Developer

  • WINNER: Casagrand Builder Pvt. Ltd.



Best Luxury Condo/Apartment Development

  • WINNER: The Waterfall – P’residential by Armaan Infrastructure

Best Condo/Apartment Development

  • WINNER: Piramal Aranya by Piramal Realty

Best Waterview Condo/Apartment Development

  • WINNER: Sunteck Beach Residences (SBR) by Sunteck Realty Limited

Best Housing Development

  • WINNER: Trifecta Verde En Resplandor by Trifecta Projects Private Limited

Best Mixed Use Development

  • WINNER: Embassy Manyata Front Parcel Development by Embassy REIT

Best Integrated Development

  • WINNER: Embassy TechVillage Parcel 8 by Embassy REIT

Best Office Development

  • WINNER: Hudson & Ganges Office Towers, Embassy TechZone by Embassy REIT

Best Connectivity Infrastructure Development

  • WINNER: Embassy Manyata Flyover by Embassy REIT

Best Renovated Development

  • WINNER: Embassy Manyata – Refurbishment of Block K by Embassy REIT



Best Operational Office Portfolio

  • WINNER: Embassy REIT



Best Office Architectural Design

  • WINNER: Embassy Oxygen, Tower-1 by Embassy REIT

Best Commercial Landscape Architectural Design 

  • WINNER: Embassy TechVillage – Central Garden by Embassy REIT



Best Condo Development (India)

  • WINNER: Piramal Aranya by Piramal Realty



India Real Estate Personality of the Year Award

  • WINNER: Sahil Vachani, CEO and Managing Director, Max Estates Limited