Business

Mangalore: Three projects of Land Trades get Crisil Star Ratings


Mangalore: Three projects of Land Trades get Crisil Star Ratings

Pics: Brijesh Garodi
Daijiworld Media Network - Business

Mangalore, Apr 22: In the landscape of Mangalore, Land Trades Builders and Developers has emerged as a leading name with a reputation for coming up with appealing projects and timely completion, which is most often earlier than the promised delivery date.

The firm has many completed projects to its credit, like ‘Sai Grandeur’ with 120 flats situated on Jail Road and ‘Danube’ with 45 flats situated on Balmatta Road.

Land Trades biggest project, namely ‘Maurishka Palace’ with 333 flats situated at Kadri Kambla was launched in January last year and is presently under construction.

The firm is now once again in a very jubilant mood as it has become the first real estate promoter in Mangalore to receive the prestigious Star Ratings by CRISIL, the reputed international ratings agency, for three of its projects.

Land Trades is also poised to launch ‘Atlantis’, an ambitious project of super luxury apartments and duplexes on 24th April 2013. On the eve of this exciting occasion for the company, Shrinath Hebbar, proprietor of Land Trades spoke to Daijiworld in an exclusive interview.


Congratulations on receiving the coveted Real Estate Star Ratings from CRISIL and also on coming up with your new project, ‘Atlantis’.

Hebbar: Thank you, we are indeed most fortunate and proud that CRISIL has given a very good evaluation for three of our projects – Sai Grandeur, Ourania and Maurishka Palace. I am thankful to all our customer, business associates and well wishers who have made this achievement possible. Regarding ‘Atlantis’, I am very excited because this is a very unique concept where we have tried to integrate the best features of an independent bungalow with the obvious advantages of a flat. This is an upmarket project aimed at the super premium segment of the market. Atlantis is situated adjacent to Colaco Hospital, Bendoorwell, which is an elite residential locality of Mangalore. We are offering 40 apartments and duplexes here.


Can you tell us more about this concept? How did you develop it and what are the factors that inspired it?

Hebbar: I am glad to tell you that ‘Atlantis’ concept was developed after extensive market research. Mangalore is famous for its old mansions and bungalows. At heart, we Mangaloreans love the idea of living in an independent house. But due to the fact that there is very limited open space available in the city, real estate market has been pushed towards promoting apartments as it is both practical and affordable. Hence, speaking to people while promoting our other apartment projects, we realized that there was a dormant need for homes that offered more than what a normal flat would do. That is when we decided to come up with an integrated concept – an apartment that feels like a bungalow. And Atlantis was born.


How does this concept look like in reality?

Hebbar: Well the most obvious features of an independent house are privacy, exclusivity and personal space. In ‘Atlantis’, this manifests in the form of three independent blocks fused at the centre in such way that each apartment view is completely blocked off from its neighbours and it is impossible for the apartment residents to peep into each other’s homes; so each feels that his house is the only house in the vicinity.

There are also features like personalized lifts which open directly into your flat. The security of this facility is ensured with access control cards. The apartments and duplexes are also larger than normal apartments. The three-bedroom apartments have an area of 2955 SFT and 3030SFT while 5-bedroom duplexes are of 5400 SFT, which includes exclusive space suitable for having a home theatre, a bar or a study room as per customer choice.

Attached bathrooms for all bedrooms with separate powder room for guests, sky terrace garden for all duplexes, occupancy sensors for bathrooms, electronic surveillance for entire complex, multi apartment video door phone for all apartments and fully equipped air-conditioned gym with health club and spa are some of the other luxuries the residents can enjoy.

So, you see ‘Atlantis’ offers apartments that feel like a bungalow in every way.


How has the market responded to this concept?

Hebbar: As I said earlier Atlantis is aimed at a niche market. We have received very good response from affluent people who have always been looking for something like this and Atlantis met their idea of a dream home perfectly. Atlantis will be formally launched on 24th April in the presence of dignitaries like Jayarama Bhat, Managing Director and CEO of Karnataka Bank Ltd., M.A. Rasheed, Deputy General Manager, Corporation Bank and Naveen D’souza, Corporator of Bendore Ward.


How did you come up with the name ‘Atlantis’?

Hebbar: As you may be aware, Atlantis was a legendary Greek island whose glory is celebrated in literature and history. Atlantis is also the name of an American Space Shuttle, which is a marvel of science and technology. One of the world’s most luxurious hotels situated at the Palm Jumeirah in Dubai is named ‘Atlantis’. Hence we thought ‘Atlantis’ is the best name to give to a project that epitomizes luxury, exclusivity and grandeur.


Ok. Now can you enlighten us regarding the CRISIL Star Ratings?

Hebbar: CRISIL is an internationally renowned ratings and research agency and they are well known for evaluating international banks, institutions and corporates. They also provide Real Estate Star Ratings on a city specific and project specific basis. As Land Trades has been obsessed with quality all these years, I felt that going in for a CRISIL evaluation would be the best step forward to further assure ourselves that we are on the right track. Though we are already an ISO:9001:2000 certified firm, we felt that being evaluated by an independent agency would give us the required feedback to further improve our quality and reinforce our commitment to give our best to our customers.


How did this come about?

Hebbar: When we decided to go in for an independent evaluation, we approached CRISIL with a portfolio of three projects, namely Sai Grandeur and Ourania which we have already delivered and Maurishka Palace which is presently under construction. Once CRISIL accepted our portfolio, their evaluation team visited Mangalore and undertook extensive quality audit of the concerned projects. They visited the respective project sites, met our customers and associates and did their own research using various survey, study and investigation tools. At the end of this process they allotted our two completed projects - Sai Grandeur and Ourania – ‘Mangalore 7 Stars’ rating and Maurishka Palace, which is a project in progress with ‘Mangalore 5 Stars’ rating. I am hoping that we will be able to upgrade this rating once the project is complete and we have fulfilled the ratings criteria in its entirety.


Can you tell us something about the parameters on which the star ratings are based?

Hebbar: CRISIL Star Ratings is based on an eight-point scale that is specific to the city— from ‘City 7-Star’, the highest, to ‘City 1-Star’, the lowest being 'Non-Deliverable Project'. The evaluation parameters span various issues like promoter’s background and track record, construction quality, documentation and legal issues, financial management and transparency, innovation in project design, management, technology and execution etc.



Land Trades Atlantis to launch on April 24

Land Trades Builders and Developers will launch its new project ‘Atlantis’ super luxury apartments on April 24.

Jayarama Bhat, Managing Director and CEO of Karnataka Bank Ltd., has graciously consented to lay the foundation and preside over the function. M A Rasheed, Deputy General Manager, Corporation Bank and Naveen D’souza, Corporator of Bendore Ward will be the Guests of Honour. The formal function will take place at 9 am at the project site adjacent to Colaco Hospital, Bendoorwell, Mangalore.

 

Atlantis – Epitomizing the best of Both Worlds.

Mangalore is famous for its charming mansions and palatial bungalows. These were symbols of luxury and comfort. By nature Mangaloreans love living in independent homes as it gives privacy and personal space. However with the shortage of vacant land, apartments have become popular, as they give the advantage of economical and secure life.

With this project ‘Atlantis’, Land Trades has tried to combine the merits of both these modes of living – the exclusivity and privacy of an independent villa and the convenience and security of an apartment. Situated in the elite neighborhood of Bendoorwell, Atlantis is the most ambitious project of Land Trades so far. Atlantis will feature 40 super luxury apartments spread over 14 floors. These include three-bedroom apartments of 2955 SFT and 3030SFT and 5-bedroom duplexes of 5400 SFT with provision for adding a home theatre / bar / study room.

Atlantis will feature many innovations and attractions such as –

Personalized high-speed lifts to each apartment with access control card
Attached bathrooms for all bedrooms with separate powder room for guests
Sky terrace garden for all duplexes
Occupancy sensors for bathrooms
Electronic surveillance for entire complex
Multi apartment video door phone for all apartments.
Surge and lightening protection
Fully equipped air-conditioned gym with health club and spa.
Two cark parks plus ample visitor car parking space
Garbage chute

“Atlantis is aimed for the super premium segment of the market where there is big vacuum. The project was conceived after conducting extensive market research during which we realized that there was a dormant demand for super luxury apartments and we have strived to address this need through our project,” says K Shrinath Hebbar, proprietor of Land Trades.

 

CRISIL Star Rating for Three Projects

The following three projects of Land Trades have been allotted star ratings by CRISIL:

Sai Grandeur (Completed Project) – Mangalore 7 Stars
Ourania (Completed Project) – Mangalore 7 Stars
Maurishka Palace (Project in Progress) – Mangalore 5 Stars

 

CRISIL Real Estate Star Ratings Criteria

Star Ratings is based on an eight-point scale that is specific to the city— from ‘City 7-Star’, the highest, to ‘City 1-Star’, the lowest being 'Non-Deliverable Project'.

The ratings are based on independent audit and evaluation of the following criteria.

Project Sponsor Quality - This parameter focuses on the developers' construction and legal track record, and comments on their financial strength and ability to complete the rated project.
Project Construction Quality - By providing an independent assessment of aspects such as structural quality, amenities, likelihood of time and cost overruns, and after-sales services, this parameter assumes critical importance.
Project Legal Quality - This parameter examines the land title, sales agreement and various other statutory approvals and clearances of the project.
Project Financial Quality - This parameter assesses the viability of the project, and financial flexibility and accounting quality of the developer.
Project Innovation Quality - This parameter examines the innovation in the project, and covers aspects such as construction technology and building design, among various aspects.

Today Land Trades has achieved a new milestone by getting themselves rated by an independent rating agency. This just shows how robust the company is in meeting their commitments to the end user.

 

Contact - Land Trades:

1st Floor, New Milagres Mansion,
Falnir Road, Mangalore - 575001.

Phone : 91 824 2425424 / 2423866.
Mobile : 91 9880742159 / 7829904069 / 7829913069
Email :
info@landtrades.co.in

Website: www.landtrades.in

 

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Comment on this article

  • Dr.B.R.Kamath, Muscat,Oman

    Sun, Jul 7 2013

    Dear Mr.Hebbar,

    Congratulation to you and your team for yet another feather in your cap..All the very best for your future projects

    DisAgree [2] Agree [4] Reply Report Abuse

  • stany, Mangalore,UK

    Tue, May 7 2013

    Hi Srinath,
    Congratulation...you deserve it for your hard work and dedication.Wish you all the best

    DisAgree [6] Agree [5] Reply Report Abuse

  • Albert Gonsalves, Mangalore / UAE

    Tue, May 7 2013

    Congratulations Mr. Shrinath Hebbar. I do not understand as to why our readers have to press disagree. If we cannot appreciate a fellow human being for his / companies achievement it is better to be silent.

    DisAgree [3] Agree [6] Reply Report Abuse

  • Rao.A.M, Ammembal/Dubai

    Tue, Apr 30 2013

    Congrats Mr. Srinath. When my friends told me about your qualities and hard work I did not take it seriously. But now you have proved it and made me to believe. Great achievement. Wish you to win many more awards of this kind.

    DisAgree [5] Agree [8] Reply Report Abuse

  • Udaya Kumar, Kabbinale/Dubai

    Thu, Apr 25 2013

    Dear Mr.Srinath Congratulations.

    DisAgree [6] Agree [7] Reply Report Abuse

  • Jayaram Kodiabail, Kodialbail, Mangalore, Sharjah

    Wed, Apr 24 2013

    My dear Hebbarre,
    Kudos to you. A great achievement. You deserve every inch of appreciation for your dedicated efforts in delivering a great product and retaining customer satisfaction. Sai Grandeur has placed me in 7 star league and many thanks to you. Jayaram.

    DisAgree [6] Agree [7] Reply Report Abuse

  • GodwinShamila, Mangalore/Dubai

    Wed, Apr 24 2013

    Congratulations Mr. Hebbar and to your entire team at Land Trades. Your commitment to quality, hard work, dedication, and determination is visible in your success! We surely feel your simplicity is the key to your success. May this success lead to a greater achievement in the years to come.
    We are proud and honored to be among your clientele.

    DisAgree [6] Agree [9] Reply Report Abuse

  • DR KUMARASWAMY, Sullia, Bahrain

    Wed, Apr 24 2013

    Congrats to Mr Shrinatha Hebbar and his land trades team for getting prestigious Crisil Star Rating. -Dr Kumaraswamy, Bahrain

    DisAgree [6] Agree [11] Reply Report Abuse

  • James D'souza, Doha -Qatar

    Tue, Apr 23 2013

    Mr.Srinath and team Congratulations on the spectacular achievement, well done and you deserve this award for your outstanding work.

    DisAgree [8] Agree [11] Reply Report Abuse

  • Walter J Pereira, Venur/Dubai

    Tue, Apr 23 2013

    Dear Mr. Hebbar,we are not surprised at all at your achievement. It is your special quality of obliging your clients with all the required attention to detail, open to suggestions coupled with your innovative ideas, supported by a committed strong team, your projects could qualify for standards set by CRISIL rating....
    Donot be satisfied at this, as you have to strive hard to climb even higher ..
    Keep up the momentum ..
    And we are proud to be one of your most satisfied clients.
    Walter & Letitia Pereira

    DisAgree [5] Agree [13] Reply Report Abuse

  • AVIL & AVINA DSILVA, DUBAI

    Tue, Apr 23 2013

    A big congrats for you Mr.Hebbar !
    Today we are proud to be one your your clients.
    Your hard work, dedication, and determination counts your success!
    And that is the secret of your success!
    May this success lead to a greater achievement in the years to come.
    Congratulations for present and upcoming successes.

    DisAgree [5] Agree [10] Reply Report Abuse

  • ONEILL DSOUZA, UDUPI / Mangalore

    Tue, Apr 23 2013

    Dear Srinath, We would like to congratulate you for getting CRISIL AWARD. We are very much proud to say we are your customers and happy to own a Apartment at Sai Grandeur. Hats off dear Srinath. Keep the good work Going.. Make many more wonderful projects. Best wishes for the Launch of Atlantis. With Love and Regards : Oneill Dsouza & Family - Sai Grandeur.

    DisAgree [6] Agree [10] Reply Report Abuse

  • Vincent Pereira, Ferar/Dubai

    Tue, Apr 23 2013

    Dear Mr Hebbar
    It is indeed a great achievement. It is the quality of your projects and customer satisfaction that you have brought this laruels. I am sure this is a step forward for future challenges and no doubt with your committment and dedication more such ratings will follow in the future.

    DisAgree [7] Agree [9] Reply Report Abuse

  • Ronald Fernandes, Shirthady - Dammam / KSA

    Tue, Apr 23 2013

    Congratulations Mr. Srinath for achieving another milestone 'CRISIL' & wish u all the best in your future projects.

    DisAgree [6] Agree [10] Reply Report Abuse

  • Jacintha Dsouza, Bendoor

    Tue, Apr 23 2013

    Bravo!! Congratulations Mr. Hebbar!! Your achievements know no bounds, sincerity & hard work are always rewarded, may you reach new heights. All the very best in all you undertake, good luck to you and your wonderful team at Land Trades.

    DisAgree [5] Agree [9] Reply Report Abuse

  • Seema , mangalore

    Tue, Apr 23 2013

    Good work Mr.Hebbar, Keep it going,All the very best in your future ventures

    DisAgree [7] Agree [8] Reply Report Abuse

  • Ian, Mangalore/kuwait

    Tue, Apr 23 2013

    Congratulations Mr Hebbar,known for your quality service and customer oriented approach, you are truly deserving of this award.

    "Atlantis" will be an Landmark for sure.all the best.

    DisAgree [7] Agree [9] Reply Report Abuse

  • Clement & Verna Fernandes, Mangalore/ Kuwait

    Tue, Apr 23 2013

    Congratulation Srinath to you and your team for this prestigious award. Another milestone and a feather in your cap, shows your tremendous work and the efforts you guys have put in. God bless you in achieving many more laurels along the way. Hearty congrats once again.

    DisAgree [6] Agree [7] Reply Report Abuse

  • Manu Rao, Udupi

    Tue, Apr 23 2013

    Really acclaimable achievement from Mr.Shrinath Hebbar and his firm Land Trades.Shrinath Hebbar has brought crown to Mangalore with CRISIL ratings to a Mangalore based firm.I wish him success around him& he come with more&more fine projects

    DisAgree [6] Agree [12] Reply Report Abuse

  • Joseph Glary D'Souza, Doha, Qatar

    Tue, Apr 23 2013

    Congratulations Mr. Shrinath, You and your whole team truly deserve this award. Also wish you all the best in your launching of Atlantis. With the quality of services that Land Trades provides, you will surely deserve more laurels. Keep up the good work.

    DisAgree [7] Agree [17] Reply Report Abuse

  • Deepak S.P, Mangalore/Dubai

    Tue, Apr 23 2013

    Dear Mr.Hebbar,

    Congratulation to you and your team for yet another feather in your cap.
    May god bless you..All the very best for your future projects

    DisAgree [6] Agree [12] Reply Report Abuse

  • Judy Pinto, mangalore

    Tue, Apr 23 2013

    Congradualtions Mr.Hebbar. May God
    bless you with many more laurels for
    your achievements, trust and quality
    of work. You made Mangaloreans very
    proud. Keep up the good work.

    DisAgree [7] Agree [10] Reply Report Abuse

  • Glary Dsouza, Mangalore/ Doha

    Tue, Apr 23 2013

    Congratulations Shrinath. All the best.

    DisAgree [7] Agree [15] Reply Report Abuse

  • ashwini arun rai, managlore/dubai

    Tue, Apr 23 2013

    congratulations on this amazing achievement,
    when ur activities orchestrate around excellence success follows close at heels.

    DisAgree [8] Agree [9] Reply Report Abuse

  • Dr B. Rajeeth Shetty& Dr Sharika Rajeeth shetty, Kadri/Doha,Qatar

    Tue, Apr 23 2013

    Congratulation to team landtrades and Srinath hebbar for the above mentioned award. Wishing you many more laurels and God Bless you

    DisAgree [6] Agree [10] Reply Report Abuse

  • Sudarshan Shety, Udupi/Jeddah

    Tue, Apr 23 2013

    Big congrstulation. You are a very kind builder with customer in your heart. Your comittment and quality unmatchable. All the best. Come with more innovative concepts. Please extend yourself to Udupi also.

    DisAgree [7] Agree [11] Reply Report Abuse

  • Bernard, Doha, Qatar

    Tue, Apr 23 2013

    Dear shrinath,
    Congratulations. You really deserve this. You deliver what you commit. All the very best for Atlantis and future projects.

    DisAgree [9] Agree [9] Reply Report Abuse

  • Ashwin, Mangalore

    Mon, Apr 22 2013

    Kudos Mr Hebbar well deserved keep it up..

    DisAgree [9] Agree [8] Reply Report Abuse

  • Jessy Lobo, Bendoor, Dubai

    Mon, Apr 22 2013

    Good luck Land Trades. I have seen your other projects in Managlore. They are truly examples of great architecture and design.

    DisAgree [6] Agree [15] Reply Report Abuse

  • Chirag Raj, Udupi - Dubai

    Mon, Apr 22 2013

    Congratulations to Land Trades. Hope we will see more similar projects in Managlore.

    DisAgree [7] Agree [14] Reply Report Abuse

  • Rohit Bhat, Mangalore / Bahrain

    Mon, Apr 22 2013

    I was one of the unlucky not to get my choice of apartment in Block A. Anyone for re-sale in Block A, please remember me.

    DisAgree [7] Agree [15] Reply Report Abuse

  • Andre Dsouza, Mangalore / Dubai

    Mon, Apr 22 2013

    This project "Atlantis" really rocks. Some similar projects will make Mangalore look like Dubai. Great job.

    DisAgree [8] Agree [16] Reply Report Abuse

  • Joey Brian, Mangalore / United States

    Mon, Apr 22 2013

    Having gone through the walkthrough of Atlantis, this will be an unique icon in the city of Mangalore. Keep up the good work Mr. Shrinath Hebbar.

    DisAgree [7] Agree [14] Reply Report Abuse

  • Suman Pinto, Mangalore

    Mon, Apr 22 2013

    Congrats Sir... Proud of you on your achievement. Wish you good luck

    DisAgree [6] Agree [8] Reply Report Abuse

  • Abhishek, USA

    Mon, Apr 22 2013

    Congrats Shrinath Uncle...

    DisAgree [6] Agree [15] Reply Report Abuse

  • Sugen Pinto, Mangalore / Australia

    Mon, Apr 22 2013

    Congratulations Mr. Shrinath... Appreciate your quality and commitment... Wish you all the best

    DisAgree [7] Agree [14] Reply Report Abuse

  • Sulakshan Pinto, Mangalore

    Mon, Apr 22 2013

    Congratulations Mr. Hebbar.. Wish you good luck in your future endeavours....

    DisAgree [8] Agree [15] Reply Report Abuse

  • Suman Pearl Pinto, Mangalore

    Mon, Apr 22 2013

    Congratulations Sir.. Proud of u for your dedicated commitment and the quality work you deliver to your clients... All the very best...

    DisAgree [6] Agree [11] Reply Report Abuse

  • Linus & Jessie, Mangalore/Dubai

    Mon, Apr 22 2013

    Congratulations Mr. Hebber. You are deserved for your quality work and your simple personality. God bless You.

    DisAgree [8] Agree [19] Reply Report Abuse

  • Supriya .C.Rao, Mangalore

    Mon, Apr 22 2013

    Congratulations Shrinath!! We are indeed proud of your achievements .Our best wishes to you in your jouney to achieve more laurels !

    DisAgree [6] Agree [19] Reply Report Abuse

  • Alexander Prashanth Menezes, Karkala/Dubai

    Mon, Apr 22 2013

    Dear Srinath, Congratulations for scaling the new heights. Its really wonderful to be part of your client family. I don't think you ever need any third party to give you certification for your work. We trust your abilities, trust your honesty and integrity along with your humble dealings. Your completed projects and on time delivery of the final product speaks of your dedication, your value for your customers. Keep up the good work and we are always with you.

    DisAgree [8] Agree [24] Reply Report Abuse

  • Naseem Aslam, Mangalore

    Mon, Apr 22 2013

    Congratulations Mr. Hebbar! This outstanding award itself speaks for all your good work.

    DisAgree [10] Agree [22] Reply Report Abuse

  • veena jagadish, MANGALORE

    Mon, Apr 22 2013

    hello srinath.congratulations and we wish you the very best in your future endevours.you are the othername for trust,quality and commitment.with you dreams come real and investments serve the purpose

    DisAgree [14] Agree [22] Reply Report Abuse

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