Land Trades ‘Insignia’ Receives CRISIL ‘7 STAR’ GRADING
- ‘Habitat ONE54’ – New budget-friendly apartments to be launched soon.
Mangaluru: Land Trades Builders & Developers is proud to announce that ‘Insignia’, its completed project, has received the highest real estate project grading of ‘7 Stars’ from CRISIL. As per CRISIL’s definition, the ‘7 Stars’ grading indicates the maximum potential of a project being delivered as per agreed specifications and assured time.
In 2014, Land Trades became the first real estate developer of Mangalore to voluntarily adopt independent grading of its projects by CRISIL and Insignia is the fifth project to be rated by CRISIL. Earlier to Insignia, CRISIL had conferred ‘7 Stars’ grading for Sai Grandeur and Ourania and ‘6 Stars’ on Maurishka Palace and Atlantis.
CRISIL’s Star Grading (CREST) involves systematic independent assessment of quality based on an eight-point scale that is specific to the city, with ‘7-Star’ being the highest grading and ‘0-Star’ the lowest. The key factors evaluated in the CREST process are: Quality of legal documentation; construction-related risks; financial flexibility/viability of the project; project background and track record of the project sponsor.
Insignia is situated in the elite residential neighbourhood of Valencia, Mangalore. It comprises the Ground+7storey structure with 39 flats. The flats are of 1BHK, 2BHK and 3BHK having floor areas ranging from 705 sq. ft. to 1965 Sq. ft. Insignia was completed on schedule within 25 months and it was inaugurated on 19 May 2018.
Apart from its projects, Land Trades is also the only firm of Mangalore to enjoy DA3+ Real Estate Developer rating by CRISIL. The ‘DA3+’ rating indicates that the developer’s ability to execute real estate projects as per the specified quality level and within the stipulated time schedule, and to transfer a clean title is good. The rating reflects Land Trades’ sound marketing and development strategies, and moderate financial risk profile.
At a time when real estate sector is experiencing recessionary trend, Land Trades Builders & Developers has tried to infuse confidence into the market with its focus on authenticated quality and timely completion of the project despite adverse market conditions. Through the grading of its projects by CRISIL, the company has reiterated its reliability and commitment.
“At Land Trades we pride ourselves on our ability to consistently deliver assured quality to customers. Independent grading of our projects by CRISIL allows for objective evaluation of our performance against credible benchmarks. I am delighted that our good reputation stands vindicated after the rigorous quality audit by CRISIL,” says K. Shrinath Hebbar, proprietor of Land Trades.
CRISIL GRADINGS
CRISIL is a leading global analytics company and India’s foremost provider of ratings, data, research, analytics and solutions. Its Star Gradings provide the city-specific all-round assessment of real estate projects and help buyers to benchmark and identify quality projects within their city. The Star Gradings address two critical needs in the realty sector: improved transparency and objective benchmarking of projects. CRISIL is currently associated with more than 500 projects from 270 developer groups across 65 cities.
LAUNCHING SOON: HABITAT ONE54
Responding to the increasing demand for low-cost housing Land Trades will shortly be launching ‘Habitat ONE54’ affordable budget homes with 60 sq. mts. carpet area in Derebail locality of Mangalore with attractive community living options.
The residential development will comprise of four blocks, each with Ground plus Five Floors with two basement floors for car parking. There will be a total of 154 flats, with 124 two-bedroom flats and 30 single bedroom apartments.
Residents of Habitat ONE54 will enjoy a wide range of features like continuous power with generator back-up, 24-hour water supply, security with CCTV surveillance and firefighting system, intercom connecting flats with security, reticulated gas connection, visitors lounge, children’s play area, gym, sewage treatment plant, drinking water filtration plant, rainwater harvesting system and landscaping.
Eligibility Under Pradhan Mantri Awaz Yojana (Urban) Scheme
Habitat ONE54 conforms to the requirements of Pradhan Mantri Awaz Yojana ‘Housing For All’ (Urban) Scheme under the Low Income Group (LIG) category. Housing loans availed under this scheme enjoy credit linked interest subsidy @Rs. 6.50% for up to 15 years and a subsidy amount of Rs. 2.20 lakhs.
Pre-launch offer
The flats are competitively priced. To enable more people to avail a home Land Trades is offering a massive discount on pre-launch bookings. Under this offer, a 2BHK flat priced at Rs. 39.5 lakhs will available for pre-booking at Rs. 37.5 lakhs. This offer is available on pre-launch bookings only.
OTHER PROJECTS
Land Trades presently has three running projects in the city. ‘Solitaire’, soon to be one of Mangalore’s tallest structures with 32 floors, is situated at Hat Hill. Construction work for this project has been completed and it is in its final stage of pre-delivery finishing work. Solitaire will be inaugurated in a few months.
Milestone 25, a prestigious commercial project situated at Collector’s Gate Junction, Balmatta is a monumental structure commemorating Land Trades Silver Jubilee year. This project is making rapid progress in construction work.
For those who love the sea, Land Trades offers ‘Emerald Bay’ at Surathkal. This spacious beachside property with resort-like features offers independent house sites best suited for villas in a choice of sizes ranging from 5.5 cents to 15 cents. With abundant greenery and uniquely designed landscaping and a fully developed park, this will be nature’s haven and a much sought after residential layout.
LAND TRADES BUILDERS & DEVELOPERS
Land Trades Builders & Developers is a premier property developer of Mangalore having a track record of 26 years in promoting successful projects. Founded by K. Shrinath Hebbar in the year 1992, the ISO 9001:2015 certified firm is known for the timely completion of its projects. Over the last two decades, the firm has promoted a series of mega projects such as Maurishka Palace and Atlantis which have become prominent landmarks in Mangalore’s skyline.
The firm has well-streamlined systems to ensure quality at all stages of project management right from design to material selection to construction and final finishing. The company uses only the best-branded products in its projects. All materials, products and processes have to meet stringent quality standards to find a place in buildings constructed by us.
LAND TRADES BUILDERS & DEVELOPERS
Ist Floor, New Milagres Mansion, Falnir Road, Mangalore
Landline: 0824-2425424, 2423866, E-Mail: info@landtrades.in
www.landtrades.in