CRISIL Reaffirms ‘DA2’ Real Estate Developer Rating for Land Trades Builders & Developers
Mangaluru: CRISIL, a preeminent global analytical firm, has once again awarded Land Trades Builders & Developers a ‘DA2’ grading, signifying the company’s robust capacity to execute real estate ventures following defined quality standards and within established timeframes.
This reaffirmation marks the twelfth consecutive year that Land Trades has been accredited with a CRISIL rating, a distinction unmatched by any other real estate developer in the region. This consistent recognition underscores the company’s unwavering dedication to customer trust, transparency in operations, and sustained high performance.
The decision to uphold the ‘DA2’ rating reflects Land Trades’ established brand presence, the extensive experience of its promoters, and a well-documented history of successful project delivery. CRISIL’s assessment also acknowledges the developer’s rigorous quality control mechanisms, a diversified project portfolio encompassing both residential and commercial properties, and a healthy overall financial profile.
Currently, Land Trades is actively engaged in the development of eight projects within Mangaluru. These comprise seven residential projects, namely Altura, Shivbagh, Mahalaxmi, Pristine, BMK Skyvilla, Krishna Kuteera, and Laxmi Govind, alongside one commercial project, Synergy. Furthermore, the Viktram Trade Centre, another commercial undertaking, has recently been completed. Looking ahead, the developer is preparing to launch three new residential projects within the current year.
Over the past three decades, Land Trades has successfully delivered 42 projects, including a diverse range of residential, commercial, and mixed-use developments. This extensive track record has firmly established the company as one of the most trusted and respected real estate brands in Mangaluru.
Mr. Shrinath Hebbar, Managing Director of Land Trades, commented on the CRISIL reaffirmation, stating, “We are gratified by CRISIL’s continued confidence in our capabilities, as evidenced by the reaffirmation of our DA2 rating. This recognition reinforces our steadfast commitment to upholding the highest standards of quality, ensuring transparency in all our dealings, and adhering to strict timelines for project completion. As we strategically expand our portfolio, we remain keenly focused on creating landmark developments that contribute significantly to the growth and modernization of Mangaluru’s urban landscape.”
About Land Trades Builders & Developers:
Established in 1992, Land Trades Builders & Developers is a Mangaluru-based real estate firm boasting over three decades of specialized expertise in the industry. With an unwavering commitment to quality and customer satisfaction, the company has successfully delivered 42 projects to date. It continues to redefine urban living through innovative and sustainable developments that shape the city’s future.