The second edition of the prestigious Property Awards 2011, recognising excellence in Commercial Real Estate was a grand success with participation from leading developers and other real estate professionals. The evening at Westin Hotel, Mumbai on December 13, 2011 saw developers and architects of state- of -the -art projects emerge winners.

Property World and UBM bring to you Property Awards 2011, recognizing excellence in various facets of commercial real estate. This follows the overwhelming response and success of Property Awards 2010.

Comptroller and Auditor General (CAG) has said that “undue favour” was shown to Emaar MGF in the award of the contract for construction of Commonwealth Games residential complex.

The Oberoi Group is headed towards a strategic partnership with Mukesh Ambani-led Reliance Group for developing hotels and real estate property complexes in Bangalore and Goa.

Five-star hotel chain Hotel Leelaventure is set to sell its property in Kovalam in Kerala for Rs 500 crore to cut its debt. The property, Leela Resorts Kovalam, is being sold to non-resident Indian industrialist Ravi Pillai. Leela will subsequently enter into a management contract with Pillai to manage the property for 30 years.