Driven by positive growth in the economy, real estate in India is booming. The industry has marked a 30% annual growth with an overwhelming progress in residential and commercial properties. The construction sector accounts for nearly 7-8% of India 's GDP and is emerging as one of the key growth segments in the economy. To reward the excellent performances in the industry, the premier Hindi Channel CNBC AWAAZ , CRISIL- India 's leading ratings company and CREDAI - The Confederation of Real Estate Developers’ Associations of India the apex body of private real estate developers in India have joined forces for Real Estate Awards 2009 - India's Biggest and most credible real estate awards.

The elite awards would also identify and honour the professionals who have envisioned and created marvels in the real estate industry to create a mark of India 's development on the map of the world. It's a gesture to celebrate the magnificent architecture and intricate interiors of Indian industry.