Mumbai, the bustling financial capital of India, continues to witness significant transformations in its real estate sector. Recently, the ET Now Realty Conclave & Awards 2025 - South Edition convened a diverse array of influential stakeholders from Southern India's real estate ecosystem. This prestigious gathering brought together developers, architects, interior designers, and various representatives from government and financial institutions, fostering discussions on the future trajectory of real estate across states such as Telangana, Karnataka, Tamil Nadu, Andhra Pradesh, and Kerala.
Focusing on the theme of "Shaping Tomorrow's Real Estate Landscape," the conclave highlighted the crucial intersection of technology, sustainability, and strategic leadership in driving growth within the sector. The awards segment served to honor organizations that have excelled in service delivery, customer satisfaction, and innovation. This acknowledgment is vital as it sheds light on the transformative contributions that these entities are making to the industry.
During the event, Ajitesh Korupolu, the Founder and CEO of ASBL, delivered an insightful presentation titled "The Future of Indian Cities". He underscored the pivotal role that real estate plays in not only driving economic growth—currently contributing nearly 9% of India's GDP—but also its potential to evolve into a $1 trillion industry by 2030. Ajitesh emphasized that every 1% of GDP invested in infrastructure can yield a 2x return, creating millions of jobs and positioning real estate as the second-largest employer after agriculture.
Citing both Indian and global examples, he illustrated how innovative urban planning can enhance quality of life and stimulate local economies. From Chennai's "five-minute city" model to the pedestrian-friendly transformation of New York's Times Square, which resulted in a 40% reduction in pedestrian accidents and an 11% increase in retail sales, Ajitesh highlighted the importance of creating sustainable cities that also aim to reduce carbon emissions.
In recognition of its remarkable achievements, ASBL was awarded the title of Fastest-Growing Real Estate Company in India at the ET Now Realty Awards 2025. This accolade reflects ASBL's commitment to excellence and innovation within the real estate sector, positioning it as a leader in shaping the future of Indian cities. As the landscape continues to evolve, ASBL remains dedicated to contributing to the growth and sustainability of real estate in India.