Land Trades becomes city’s first builder to get national CRISIL ’DA3’ rating

Land Trades becomes city’s first builder to get national CRISIL ’DA3’ rating

Mangalore Today News Network

Mangalore, May 6, 2014 :  CRISIL has assigned its real estate developer rating of ’DA3’ to Land Trades Builders and Developers (Land Trades). The ’DA3 ’ rating indicates that the developer’s ability to execute real estate projects as per the specified quality level within the stipulated time schedule, and to transfer a clean title, is ’Good’.

 

Land Trades is the first to get this award in Mangalore and Dakshina Kannada region.

 The rating exercise is done with a national-level benchmarking of developers, that is across the country and not specific to a region.

This rating reflects Land Trades’ sound marketing and development strategies, locations, profile, track record in development, systems, and financials.
 

CRISIL rating is done on different parameters. These ratings are opinions based on a developer’s past track record in executing real estate projects and are indicative of his ability to do so in future. Factors such as legal and construction track record of the developer; organizational systems; structure and processes; financial profile; are assessed in the rating process.

 
On getting the rating, Srinath Hebbar, Managing Director of Land Trades said, "This rating is one more milestone in the professional approach of the company, and we will strive hard to give the best."

 
About Land Trades

 
Land Trades, set up in 1992, operates in the real estate development (mainly residential segment) market in Mangalore. With over 25 projects, it has more than a thousand happy customer families. For more details contact www.landtrades.in.