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Mangaluru: CRISIL upgrades Land Trades Developers rating to DA2


Daijiworld Media Network – Mangaluru

Mangaluru, Dec 14: City based Land Trades Builders and Developers has reaffirmed its credentials with enhanced real estate developer rating of DA2 from CRISIL, the premier ratings organization.

Land Trades has gained this rare distinction following stringent quality audit by CRISIL, which evaluated the firm’s performance on several standardized parameters. After completion of this process, CRISIL decided to upgrade Land Trades to DA2 from its earlier rating of DA3+. The new rating was conveyed to Land Trades via CRISIL’s letter and certification dated December 7.

“Land Trades is proud to be the recipient of a DA2 Developer Rating from CRISIL. We consider this to be a credible recognition of our commitment to quality, our professional standards and ethos. At a time when real estate sector is experiencing recessionary trend, it is reassuring to know that our intrinsic strength is recognized by authoritative bodies like CRISIL,” said K Shrinath Hebbar, proprietor of Land Trades Builders and Developers.

CRISIL ‘DA2’ rating

The ‘DA2’ grading 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 ‘very good.’ The grading also reflects Land Trades’ strong brand image, goodwill and sound marketing and project development strategies.

It recognizes the promoter, Shrinath Hebbar’s deep engagement with realty development business in Mangaluru for over 26 years and the firm’s longstanding presence in the region. In the past 5 years, the group has completed 18 projects aggregating 1.2 million square feet. Its three ongoing projects cover 0.55 million square feet.

Focus on quality

In 2013, Land Trades became the first realtor of Mangaluru to go in for CRISIL quality rating for its individual projects. Its projects ‘Sai Grandeur’, ‘Ourania and Insignia’ has gained the highest rating of ‘Mangaluru 7 Stars’. ‘Maurishka Palace’ got ‘Mangaluru 6 Stars’ post completion and ‘Atlantis’ ‘Mangalore 5 Stars’ during the construction stage itself.

Land Trades has an airtight internal quality protocol involving three levels of quality monitoring. The firm uses only top quality branded products for all its projects. All raw materials and end products are subjected to rigorous lab testing and certification at specific stages to ensure full compliance with pre-determined parameters. As a further safeguard, external third party checking and certification is also done.

About Land Trades

Founded by Shrinath Hebbar in 1992, Land Trades is a comprehensive solution provider in real estate. Following its foray into apartment construction in 2007, the ISO 9001:2015 certified firms has emerged as the city’s leading property developer with mega projects like ‘Sai Grandeur’, ‘Maurishka Palace’, ‘Atlantis’ and ‘Solitaire’ to its credit.

Its latest offering is ‘Habitat One54’, a new concept project with accent on affordability. Situated in Derebail locality of the city, it offers 154 two- and single-bedroom homes. Construction work on this RERA registered project is proceeding in full swing. In this project, first time house owners are eligible for interest subsidy under PMAY scheme of government of India.

The firm’s reputation for quality and on time delivery is once again being proved with ‘Solitaire’, its latest 32-strorey project situated at Hathill in the city. The premium residential project featuring 2bhk, 3bhk and 4bhk flats and 5bhk duplexes is supported with a wide range of amenities and lifestyle facilities like club house with spa and gym. This RERA approved project has completed construction and is poised for a formal inauguration soon.

‘Milestone 25’, prestigious commercial project situated at Collector’s Gate Junction, Balmatta is a monumental structure commemorating Land Trades silver jubilee year. Being adequately supported with premium features and facilities, this venue is best suited for product showrooms, corporate offices, restaurants and eateries, fashion boutiques, consultation chambers etc. Construction work of this project is nearing completion.

‘Emerald Bay’, an exclusive beach property situated in the vicinity of Surathkal Lighthouse is yet another of Land Trades prestigious projects. Customers can buy plots in this development and build the villa of their dreams. The enclave includes high end lifestyle facilities like club house with swimming pool and children’s play park.

Contact:

Land Trades Builders & Developers
1st Floor, New Milagres Mansion
Falnir Road - Mangaluru
Contact: 0824-2425424
E-mail: info@landtrades.in


Website: Click here

 


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Comment on this article

  • Tennyson Rodrigues, Dubai

    Sun, Dec 16 2018

    Congratulations to Mr. Hebbar and Land Trades ,
    good job and keep it up.

    Reply Report Abuse Agree

  • Oswald Sequeira, Valencia, Mangalore

    Sat, Dec 15 2018

    Congratulations Land Trades and to Shrinath Hebbar on this prestigious rating. I wish you all the very best and by 2020 you will receive DA1 ratings. The best receives the best.

    Reply Report Abuse Agree

  • JOY VARGHESE, MANGALORE

    Fri, Dec 14 2018

    Congratulations to Team LAND TRADES,
    Keep it up, Wishing you all Good luck in all future projects and bring pride to our beautiful city MANGALORE.

    Reply Report Abuse Agree [1]

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