First Villa project in Karnataka to secure Seven Star grading from CRISIL
Bangalore, January 10, 2019: ZonashaParadiso an exclusive townhouse project by Zonasha, hassecured Seven Star grading from the CRISIL Real Estate Star Grading (CREST). ZonashaParadiso is the first villa project in Karnataka to bag the coveted Seven Star grading from CRISIL. The project is a perfect blend of modern amenities in contemporary style, with tastefully designed villas and meticulously planned interiors and exteriors.
The CREST grading are assigned on an eight point scale where the highest grading given to any project is seven star.CRISIL acts as an independent third party and puts the projects under rigorous scrutiny on various parameters, before arriving at the gradings.
Speaking on the occasion of receiving Seven Star grading Mr.R.Nagaraj, Managing Partner, Zonasha Estates & Projects and Mentor, CREDAI Karnataka said. “This is a great honour to receive seven star grading from CRISIL for our project during my 25th Silver Jubilee Year in Real Estate.ZonashaParadiso is one of our premium project which offers lush green space andcontemporary architecture. The innovation in design is at par with international standards in this project. Our endeavour to adhere to the futuristic vision through this project which has helped us to get this grading. Also maintaining high construction standards and safety has made us to achieve this honour today. We continue to provide the best to our customers”.
Elaborating on the CRISIL grading system Mr. SatishRamchandani, Director – Business Development at CRISIL said “We are happy that ZonashaParadiso has secured Seven Star grading from CRISIL. Our gradings are all round assessment of real estate projects which help the home buyers to benchmark and identify quality projects. Very few handful of projects in India has received Seven Star grading”.
“CREST grading addresses two critical needs of realty sector – transparency and objective benchmarking of the projects. We have evaluated ZonashaParadiso in all these aspects and given seven star grading” says Mr.Ajay Kumar Anand, Regional Head, CRISILon the occasion of conferring the grading.
CRISIL has accorded the grading to ZonashaParadiso after assessingthe project on parameters such as sponsor quality, legal, financials, construction and innovation.. Before giving the grading, CRISIL has reviewed the developer specific information like track record, copy of audited accounts and schedules for the past three years. Also they have reviewed the project approvals timeliness and specific undertakings by the developer for the projects.
ZonashaParadiso has been designed keeping in mind the discerning customers, who will not settle for anything but the best. Here the space has been used creatively by offering exclusive living areas with good ventilation and private indoor garden. All the villas has uniquely designed courtyards, internal theatre etc. The project is located in Marathalli Outer Ring Road, offering easy access to IT campuses and other commercial hubs and social infrastructure in Whitefield and ORR.
More details on the project can be obtained from
Corporate Comm India(CCI Newswire)