News Karnataka
Monday, February 06 2023
Mangaluru

Land Trades ‘Solitaire’ receives CRISIL’s ‘7 STAR’ grading

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Mangaluru: Land Trades Builders & Developers has proudly announced that its prestigious just completed project ‘Solitaire’, 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 for being delivered as per agreed specifications and on assured time. This is yet another spectacular achievement affirming Land Trades Builders & Developers as a market leader in delivering great quality to its customers.

In 2014, Land Trades became the first real estate developer of Mangalore to voluntarily adopt independent grading of its projects by CRISIL and Solitaire is the sixth project to be rated by CRISIL. Earlier CRISIL had conferred ‘7 Stars’ grading for Insignia, 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.

ABOUT SOLITAIRE


Solitaire is a 32-storey marvel of architecture; it is one of its kind luxury residential development boasting of a wide array of modern comforts and facilities like Club House with Swimming Pool, Jacuzzi, Sauna and Steam Room, Fully Equipped Gym and Indoor Games Room. The project is situated on Hat Hill and gives a commanding view of the Arabian Sea. Solitaire is an exclusive abode and an eco-friendly project comprising 145 apartments available in a choice of 2BHK, 3BHK, 4BHK apartments, and 5 BHK Duplexes. The eco-friendly features of the project include rainwater harvesting, centralized waste segregation, and sewage treatment plant and solar energy generation.

 

Solitaire was launched with Bhoomi Pooja which was performed on September 29, 2014. Subsequently, the execution of the project was entrusted to MFAR Constructions. Peter Mascarenhas of Archi Technics is the architect for the project. Land Trades has completed construction work on Solitaire as per schedule.

LAND TRADES QUALITY
Apart from its projects, Land Trades is also the only firm of Mangalore to enjoy DA2 Real Estate Developer rating by CRISIL. The ‘DA2’ 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 the economy is experiencing a slowdown, Land Trades 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 take pride in delivering more than what we promise, with a focus on maximizing customer satisfaction. Independent grading of our projects by CRISIL allows for objective evaluation of our performance against credible benchmarks. Award of CRISIL’s grading of ‘7 Stars’ for Solitaire reaffirms our belief in quality and our commitment to give our best,” 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 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.

OTHER PROJECTS:
HABITAT ONE54
Responding to the increasing demand for low-cost housing Land Trades has launched‘Habitat ONE54’ affordable budget homes with 60 sq. mts. carpet area in Derebail locality of Mangalore with attractive community living options. The residential development comprises 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 fire fighting 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 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.

MILESTONE 25
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.

‘EMERALD BAY’
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.

UPCOMING PROJECTS
Responding to the emerging needs of the market, Land Trades is all set to launch two new projects in Mangalore. ‘Nakshatra’ will be a premium residential development coming up in peaceful residential locality at 8th Cross, Gandhinagar. ‘Anantessh’ will be a modern commercial complex situated close to Flower Market, Car Street. Both projects are undergoing final touches on the drawing board and will be launched soon.

ABOUT LAND TRADES BUILDERS & DEVELOPERS
Land Trades Builders & Developers is a premier property developer of Mangalore having a track record of 27 years in promoting successful projects. Founded by Mr. 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. Furthermore, the company’s quality protocol includes third party authentication by Bureau Veritas for transparency and efficiency.

LAND TRADES BUILDERS & DEVELOPERS
Ist Floor, New Milagres Mansion, Falnir Road, Mangalore
Landline: 0824-2425424, 2423866
E-Mail: info@landtrades.in

www.landtrades.in

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