Zee Business institutes Pinnacle Awards to recognise the best in real estate sector

MUMBAI: With an aim to take definitive look at success and achievements in the real estate sector, and recognise excellence, the Hindi business channel --Zee Business has announced the Zee Business M-Tech Pinnacle Awards. Driven by positive growth in the economy, real estate in India is booming, thus Zee Business M-Tech Pinnacle Awards are being instituted when the Indian Real Estate Industry is going through a metamorphosis and is witnessing a boom.

According to an official release, Pinnacle Awards will feature and honor the finest professionals in the construction, building and allied industries. The awards will become an annual event highlighting the glory of India’s fast growing real estate industry. Pinnacle as the name suggests will honor men and women who have achieved and contributed to building India. It will strive to become a platform to give India’s real estate industry an iconic status.

The awards will have 23 categories from the construction, building and allied industries in real estate. It will recognise talents for their contribution in technical, creative and individual achievements. Entries will be evaluated by a jury of experts drawn from fields, which are diverse yet relevant to construction industry.

The jury comprises of industry leaders like DTZ (Debenham Tie Leung) MD Ankur Srivastava, Cushman & Wakefield joint MD Sanjay Verma, Zee News Ltd director news group Laxmi Goel, National Institute of Design executive director Dr (Prof.) Darlie O Koshy and Fairwood Consultants CEO Ranudas.

The last date of receiving entries is 10 September, while the entries will be judged on 3 October. The final award ceremony will take place in Delhi on 6 October, 2006. The audit firm, ECS LTD (ECS), a premier management consulting firm will handle the entire nomination process. There will be a dedicated jury for each of the award categories and jury will vet all the selected nominations on the pre-defined parameters and decide on the winners for each category, according to an official release.

Speaking on the occasion, Zee News LTD director news group Laxmi Goel says, "We have always believed in encouraging and identifying talent. Pinnacle awards, aims to bring together the finest mix of accomplished individuals and corporates in India’s booming real estate and construction industry. We hope to receive an overwhelming response as our aim is to make this an annual affair."

Commenting on the need for the awards in the booming Indian Real Estate scenario, Goel added, “With a 30 per cent annual growth for the domestic construction industry, the Indian construction industry is all set to become Rs 18 lakh crore sector by year 2010 from its present size of RS 14 lakh crore. The time is ideal for the sector to propel national economy on a higher growth trajectory, by maximising performance and operational efficiency. There is a need for a greater level of transparency in the sector to enable it to be better placed in swinging investments / FDI. The Pinnacle Awards will provide a benchmark for construction industry in India by present a platform to recognize excellence in the field.”

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