Avvashya Group’s first real estate project garners 7 star CRISIL rating


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Planet SKS, Karnataka's tallest skyscraper and the first real estate project of SKS Netgate LLP, has garnered a 7 star rating from CRISIL recently. SKS Netgate LLP is promoted by Shashi Kiran Shetty, Chairman, Avvashya Group.

The 7 star rating has been accorded to the prestigious project after assessing multiple crucial project parameters like construction quality and amenities, legal quality and strong financial capability. The project is equipped with world-class amenities to provide superior living experience for its residents. It has an elite recreational area for fitness, wellness, sports and leisure like swimming pool, tennis, indoor squash and badminton courts, gymnasium, yoga and meditation pavilion, golf simulator, spa, jogging track, children’s play area and coffee shop, super market and many more.

Planet SKS fulfils all parameters of an environmentally sustainable residential project. It is spread across 4.55 acres with a building footprint of less than half an acre. Keeping community well-being and health at its core, the project boasts of a 90% open space and a scenic forest/waterfall with a walking trail passing around it. The project has also been equipped with a solar panel system which is connected to the Mescom grid and generates electricity at the rate of 50KW per hour.

The legal status of the project is backed by clear and marketable land title with the obtainment of all essential pre and post construction approvals. Strong promoter support and a steady inflow of customer advances have ensured that the financial quality of the project is robust.

“A 7 star rating from CRISIL to Planet SKS is a great honor for us. The project has been conceived as a sophisticated endeavor that adheres to our futuristic vision of an environmentally-friendly living habitat. Mangalore has emerged as a prime residential destination in the country and Planet SKS is a reiteration of our commitment to providing residents with a world-class living experience, “stated promoter Mr. Shashi Kiran Shetty.

The 40 - storey residential project which was inaugurated in March 2016, has also won several accolades:

1) “AICA” National Award- Artists in Concrete Awards 2011 for Excellence in Structural Design
2) British Safety Council award for 5 million safe man hours
3) CREDAI Statecon 2012 - Most emerging developers
4) The Best Tier II City Project in India under 'Ultra Luxury Segment' - By CNBC Awaaz
5) ACEF Award in Luxury Segment
6) ACCE (I) Mangalore – Ultratech " Award for the outstanding Concrete Structure
7) ACCE (I) Billimoria Award 2017 "Award for Excellence in Construction of High Rise Building
8) CREDAI Care Awards 2017
9) Best Green Initiative in Residential Apartment Sector 2017" by Karnataka State Pollution Control Board

Architect Sanath Kumar Shetty, co-founder of SKS Netgate LLP, has been instrumental in getting the project off the ground and conceptualizing it with his architectural acumen and realty expertise. The project also received the valuable guidance of Adarsh Hegde, Joint Managing Director of Allcargo Logistics, a division of the Avvashya Group.
Planet SKS is a true embodiment of gracious living and will serve as a true legacy of an ideal residential project for generations to come.

Date: 
Wednesday, November 8, 2017