Credit: GRI InstituteThe Winners of the GRI Awards Real Estate - India 2025
Celebrating the pioneering leaders and landmark projects that are shaping the future of India’s real estate landscape
The most anticipated evening in Indian real estate has concluded, with the top three finalists in each prestigious category gathering in Mumbai for the exclusive GRI Awards Real Estate - India 2025 ceremony.
The event culminated with GRI Institute Partner & Managing Director APAC, Rodrigo Branchini, revealing the winner in each category, recognising their profound contribution to excellence in the market.
In a dynamic economic environment - where uncertainty from geopolitics, inflation, and shifting trends has become the "new normal" - every nominee has earned industry-wide acknowledgement for their tireless efforts to drive progress across the sector.
From groundbreaking architecture and visionary redevelopments to transformative sustainability initiatives and landmark transactions, this year’s winners represent the pinnacle of achievement in Indian real estate.
And the winners are…
Person of the Year
Mr Vikas Oberoi, Chairman and Managing Director, Oberoi Realty Ltd.
Honouring a legacy of leadership. Dr. Niranjan Hiranandani, Person of the Year at the 2024 GRI Awards India, shares a moment with Mr. Vikas Oberoi, the GRI Awards - Real Estate India Person of the Year for 2025.
Vikas Oberoi, Chairman and Managing Director of Oberoi Realty Ltd., has guided the company to become one of India's largest publicly listed real estate firms, with a market capitalisation of approximately USD 8 billion. Known for setting new benchmarks in the residential, office, retail, and hospitality sectors, his portfolio includes landmark projects like the ultra-luxury Three Sixty West.
With over three decades of industry experience, Mr Oberoi extends his vision beyond business through the Oberoi Foundation. A key initiative of the foundation is the Oberoi International School in Mumbai, which provides world-class education focussed on the holistic development of over 3,000 students across two campuses. An alumnus of Harvard Business School, where he serves on the India Advisory Board, he is also an avid reader, keen traveller, pilot, and skier.
Real Estate Leadership Impact Award
Mr. Vivek Anand Oberoi, Co-Founder and Managing Director, BNW Developments
As Co-Founder and Managing Director of BNW Developments, Vivek Anand Oberoi brings his signature entrepreneurial vision to the real estate sector. He is celebrated for championing projects that integrate sustainable practices and community-centric design, proving that development can be both commercially successful and socially responsible.
This approach reflects his wider work as Chairman of the Oberoi Family Office, where he prioritises investments that create significant social impact. Recognised on the Forbes 40 Under 40 Heroes of Philanthropy list, Mr Oberoi consistently applies his philosophy of using business as a powerful force for good, making a lasting impact on the built environment and the communities within it.
Inspiring Female Leader of the Year
Nirupa Shankar, Jt. Managing Director, Brigade Group
As Joint Managing Director of Brigade Group, one of India’s leading real estate developers, Nirupa Shankar has overseen the company's Hotel, Office, and Retail portfolios for the past 16 years.
A serial entrepreneur, she has successfully conceptualised multiple ventures, including Asia’s first real estate accelerator (Brigade REAP), the flexible workspace brand BuzzWorks, and the ‘Earth Fund’ for responsible urbanisation. She also serves as Managing Director of the publicly listed Brigade Hotel Ventures Limited (BHVL).
Her leadership has been recognised with numerous accolades, including being named one of Business Today’s and Fortune India’s Most Powerful Women and inclusion in the ET 40 under 40 list. A dedicated fitness enthusiast and two-time TEDx speaker, she completed the full Ironman Copenhagen in 2023.
Architectural Highlight of the Year
1st Place - Three Sixty West by Oberoi Realty 
A landmark development redefining Mumbai's skyline, serviced by The Ritz-Carlton. The project features two sculpted towers angled to maximise sea views, with a textured façade inspired by Indian weaves and over 80,000 square feet of amenities, including a bowling centre, cinema hall, and cricket simulator.
2nd Place - Aaradhya Avaan by Man Infraconstruction Limited
2nd Place - Altimus by K Raheja Corp
3rd Place - Assetz Meru & Meadow by Assetz
Commercial Project of the Year
1st Place - Max Square by Max Estates Limited
A unique office space of approximately 0.7 million square feet, designed with a ~11,000 square feet forest at its centre. Located in a fast-growing micro-market in Delhi NCR, the project holds multiple green and wellness certifications, including an IGBC Platinum rating.
2nd Place - Commerz III by Oberoi Realty Limited
3rd Place - Image Tower by Sattva Group
3rd Place - RMZ Ecoworld 30 by RMZ
CSR Initiative of the Year
1st Place - AAROGYARISE by Signature Global Foundation
Award accepted by Ms. Nidhi Aggarwal, Director, Signature Global and Mr. Manish Swaroopm CEO, Signature Global
A flagship mobile healthcare initiative launched with Artemis Hospital to provide quality care to underserved communities. The program serves villages, labour settlements, and construction sites with medical vans that act as compact clinics, offering free consultations, screenings, medicines, and awareness drives.
2nd Place - CapitaLand Hope School Program by CapitaLand Investment
3rd Place - Iskilla School Renovation, Telangana by Sumadhura Foundation
Data Centre Project of the Year
1st Place - Panchshil Land Monetization for DC Development by JLL India
Award accepted by Rachit Mohan, APAC Lead - Data Centre Leasing and India Lead - Data Centre Transactions, JLL & Isaac Benjamin, Data Centre Lead - Capital Markets, India, JLL
This landmark transaction represents the first self-built data centre project in India for a global hyperscaler. JLL managed the location study and transaction, evaluating over 80 opportunities to identify an optimal 23-acre site in Navi Mumbai that aligned with the client's technical and power infrastructure requirements.
2nd Place - RackBank AI Data Centre Park by RackBank Datacentre Private Limited
3rd Place - BOM1 DC by Digital Edge DC India Pvt. Ltd.
Developer of the Year
1st Place - DivyaSree Developers
Award accepted by Ms. Shaifali Singh, MD & Chair- Residential, DivyaShree
With a legacy spanning five decades, DivyaSree has a developed portfolio of over 30 million square feet across commercial, residential, and other verticals in South India. The company focuses on sustainability, with 72% of its assets being LEED-rated, and integrates technology to create future-ready ecosystems.
2nd Place - Sugee Group
3rd Place - Signature Global India Limited
3rd Place - Shriram Properties Ltd
Flexible Workspace Project of the Year
1st Place - Table Space Godrej Centre Indiranagar by Table Space
Award accepted by Sunil Varrier, Chief Acquisition Officer, Tablespace
A 210,000 square feet high-performance enterprise workspace in Bengaluru, offering a mix of custom-built floors and ready-to-move-in suites. The project achieved 100% leasing within 30 days of its launch by combining speed, scale, and sophistication with premium infrastructure and hospitality-grade amenities.
2nd Place - Dextrus, Mint by Dextrus
2nd Place - Premium Built-to-Suit Office for a Leading Law Firm in India by 91Springboard
3rd Place - Workship by Sumadhura Group
Fundraising of the Year
1st Place - India Realty Excellence Fund VI (IREF VI) by Motilal Oswal Alternates
Motilal Oswal Alternates' sixth real estate fund raised INR 2,000 crore in just 16 months for structured lending to Tier-1 developers. Beyond financial returns, the fund has made a significant social impact by funding over 10,000 homes across approximately 17 million square feet.
2nd Place - Special-situation Fund-raising Transaction of SEPL/UVPL by Nisus Finance Services Co Ltd
3rd Place - One Marina by Ashwin Sheth Group & YM INFRA
Industrial & Logistics Project of the Year
1st Place - ESR Chakan 2 Industrial and Logistics Park by ESR India
Award accepted by Abhijit Malkani, CEO, ESR India
A flagship development in Pune’s manufacturing belt, this park offers seamless connectivity to key urban markets. It is home to Amazon’s largest distribution centre in western India and is IGBC-certified, enabling up to 25% in energy and water savings.
2nd Place - Horizon Industrial Park Farukhnagar II by Horizon Industrial Parks
3rd Place - KSH Chakan Park III by KSH INFRA
Institutional Investor of the Year
1st Place - SWAMIH Investment Fund I by SBI Ventures Limited
India’s largest institutional initiative focused on completing stalled and stressed housing projects, managed by a subsidiary of State Bank of India. Launched in 2019, the fund raised INR 15,530 crore and has delivered over 55,000 homes for long-waiting buyers.
2nd Place - Motilal Oswal Alternates by Motilal Oswal Alternate Investment Advisor Private Limited
3rd Place - Alta Capital
Proptech of the Year
1st Place - SPARK by ANACITY
Award accepted by Aditya Soni, AVP, ANACITY
A white-label app tailored for a REIT backed by Blackstone and Sattva Developers. The app digitises the workplace experience, enhancing employee collaboration and streamlining operations by unifying workplace and tenant management on a single platform.
2nd Place - Landeed
3rd Place - AIMS (Arbour Investment & Monitoring System) by Arbour Investments
Real Estate Destination of the Year
1st Place - Signature Global Cloverdale & Titanium SPR by Signature Global
Award accepted by Ms. Nidhi Aggarwal, Director, Signature Global and Mr. Manish Swaroopm CEO, Signature Global
A landmark residential development in Gurugram’s Southern Peripheral Road, part of a 100-acre integrated premium ecosystem. The destination offers a future-ready lifestyle blending luxury, connectivity, and sustainability, with pre-certified IGBC Platinum & EDGE Advanced ratings.
2nd Place - Whispers of the Wind by DivyaSree by DivyaSree Developers
3rd Place - Origin Kudal by Axon Origin Kudal LLP
Repurposing Project of the Year
1st Place - One Marina by Ashwin Sheth Group & YM INFRA
Award accepted by Bhavik Bhandari, Chief Business Officer, Ashwin Sheth Group
One of South Mumbai’s most significant urban turnarounds, this project transformed a stalled, debt-ridden development into a beacon of modern luxury. The revival included restarting construction, resolving complex compliance issues, and delivering homes to 631 tenants, ensuring both socioeconomic impact and aspirational living.
2nd Place - DivyaSree Hostel by the Ivy League House [Curated Living Solutions] by DivyaSree Developers
3rd Place - Ayana95 by ArisUnitern RE Solutions Pvt. Ltd.
Residential Project of the Year
1st Place - 25 South by 25 Residences
Award accepted by Anaida Parvaneh, CCO- Chief Creative Officer, 25 Residences
A luxury landmark in South Mumbai’s Prabhadevi, offering freehold sea-facing homes on one of the area’s largest land parcels. Spanning three towers, the project features bespoke residences with breathtaking Arabian Sea views, curated amenities across three levels, and advanced infrastructure.
2nd Place - Hiranandani Fortune City, Panvel by Hiranandani Communities
3rd Place - Godrej Blue by Godrej Properties Limited
3rd Place - Prestige Jasdan Classic by Prestige Group
Retail Project of the Year
1st Place - Sky City Mall by Oberoi Realty
Award accepted by Tanu Prasad, CEO- Malls, Oberoi Realty
Part of a 25-acre integrated development, this lifestyle and retail destination is seamlessly connected to Sky City Residences. It features over 250 premium brands, global dining options, entertainment zones, and one of India’s largest mall rooftops, with direct access to the Western Express Highway and a metro station.
2nd Place - Inorbit Mall Visakhapatnam by Inorbit Malls (India) Pvt Ltd
3rd Place - Omaxe Chowk by Omaxe
Sustainability Highlight of the Year
1st Place - Signature Global Titanium SPR by Signature Global India Limited
Award accepted by Ms. Nidhi Aggarwal, Director, Signature Global and Mr. Manish Swaroopm CEO, Signature Global
This project exemplifies sustainable urban living with 91% of its land dedicated to green and open spaces. It is Gurugram’s first residential project with dual green certification from EDGE Advanced and IGBC Platinum, and it connects residents with nature through a Miyawaki Forest, Sky Gardens, and Sensory Landscapes.
2nd Place - The Strands Abode by SSPL Group
3rd Place - Experion Elements by Experion Developers Private Limited
3rd Place - Tomorrow Land by The House of Abhinandan Lodha
Transaction of the Year
1st Place - Blackstone's Equity Investment in Kolte Patil Developers Limited by Anarock Investment Banking
Award accepted by Shobhit Agarwal, MD Capital Markets
This transaction marked Blackstone's entry into the Indian residential real estate market with a strategic investment in Kolte Patil Developers. The acquisition of a 40% stake for ~INR 1,165 crore is one of the largest deals in the listed real estate sector.
2nd Place - Project Crown by JLL India
3rd Place - HDFC Capital Advisors - Signature Global by HDFC Capital Advisors
The GRI Institute extends its sincere congratulations to all the nominees, finalists, and winners of the GRI Awards Real Estate - India 2025. We also extend our gratitude to everyone who participated and made this event a landmark success.
For our winners, the journey toward international recognition continues. Selected honourees will now advance to compete on the world stage at the GRI Global Awards 2025 at the Four Seasons Hotel Abu Dhabi at Al Maryah Island in the UAE on November 5th.
Learn more about this pinnacle event in global real estate here.