Wednesday, October 29, 2014

CRISIL 7 STAR Rating Awarded to Asset KASAVU

  • Anurag Jhanwar, Director, Real Estate Ratings, CRISIL handed over the 7 STAR rating citation to V. Sunil Kumar, Managing Director and Anil Varma, Executive Director of  Asset Homes.
  • Asset Kasavu becomes the first villa project in South India to get this highest and most coveted rating from CRISIL.
  • Asset Homes becomes the first builder in India to have 3 CRISIL 7 Star rated residential projects.
Kochi, September 15, 2014:  Asset Kasavu, the aristocratic villa project at Kalamassery, Kochi, promoted by Asset Homes, one of the largest real estate companies in Kerala, has won CRISIL 7 Star Rating, the topmost among the coveted real estate project ratings in the country. In a function held here, Anurag Jhanwar, Director, Real Estate Ratings, CRISIL, Mumbai handed over the rating citation to V. Sunil Kumar, Managing Director and Anil Varma, Executive Director of Asset Homes. Mr. Raghuchandran Nair, Chairman, CREDAI Kerala was also present on the occasion.

Asset Kasavu has become South India’s First and Only Villa project to have this highest 7 STAR rating from CRISIL.  Asset Kasavu is the third residential project of Asset Homes to get 7 STAR rating. In 2010, Asset Signature, the digital apartment project at Thiruvananthapuram was the first completed project in Kerala to win the CRISIL 7 STAR rating.  In 2013, Asset Casagrande, lake front boutique apartments at Thevara, Kochi was awarded 7 STAR.  With Asset Kasavu also getting 7 Star rating, Asset Homes has become India’s First and Only builder to have three CRISIL 7 STAR rated residential projects.

Congratulating Asset Homes, Mr. Anurag Jhanwar said 7 star rating is the topmost real estate project rating given by CRISIL, a Standard & Poor’s company. He explained that CRISIL Real Estate Star Ratings provide city specific all-round assessment of real estate projects and help buyers benchmark and identify quality projects within their cities. The key factors evaluated in the Star Ratings process are quality of legal documentation, construction related risks, financial flexibility/viability of the project, innovative attributes of the project besides the background and track record of the project sponsor.

Mr. Jhanwar further added, “There is a need for enhanced transparency in the real estate sector, which can be achieved through self-regulation by developers. The good news is that we are now seeing developers coming forth and embracing this concept by opening themselves up for third-party evaluation — a positive sign indicating dedication towards customer-centricity and professionalism.”

On the occasion Sunil Kumar said “It’s indeed a great achievement for Asset Homes to have won the CRISIL 7 Star rating for three of its projects. As a responsible builder it reflects the core philosophy of our brand to stick to the fundamentals of delivering customer satisfaction. A third party audit is one way of assessing whether we are on the track”

 “Asset Kasavu is an icon of aristocracy with 50 villas spread over 4.10 acres of pristine land at Kalamassery. The project focuses on creating the most holistic environment for peaceful living combining nature, architecture, amenities and aesthetics” said Anil Varma, Executive Director. “Priced at around Rs.1.5 crore each, the luxury villas are ultimate destination for consummate living,” explained Mr. Varma. The project has a dedicated 10000 sqft. Club house and many luxurious amenities such as indoor games, swimming pool, home theatre, landscaped gardens, amphitheatre, water fountain, air conditioned health club, multipurpose banquet hall, sauna, jacuzzi, library and furnished guest rooms.

“As a part of our 7th anniversary celebrations Asset Homes is planning to launch 7 new projects across 7 locations in Kerala. The locations include Thiruvananthapuram, Kollam, Kottayam, Kochi, Trissur, Kozhikode and Kannur” said Sunil Kumar. He added that on 31st October, 2014, Asset Homes is organizing an exclusive event titled Mehfil in Dubai featuring Ghazal Maestro Pankaj Udhas in connection with 7 new project launches.

Having completed and delivered 34 projects in a short span 7 years since inception, Asset Homes steadily continues its successful run in the realty development with 16 ongoing projects. Asset Homes has bagged prestigious awards like “CIDC Vishwakarma Award 2014” for the best construction of the year constituted by the Construction Industry Development Council (CIDC), under planning commission, Govt. of India. “Best Builder Award 2014” constituted by the Association of Engineers Kerala, ‘The Excellence in Real Estate 2013’ award instituted by the British South India Chamber of Commerce, International Property Awards instituted by Bloomberg Television 2011, CNBC Awaaz CRISIL CREDAI Real Estate Awards 2010 for India’s Most Innovative Project, Realty Excellence Awards 2011 for India’s Young Achiever of the Year and Vocational Excellence Award 2009‐2010 among others.

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