Bengal is rising. Its economy and infrastructure is looking northwards. International players in various fields have arrived to add their expertise to the state's growth and development including infrastructure. Enter Eden, the homebred realty group with an international edge.
The Eden City Group has been formed with an objective to develop quality infrastructure and real estate projects. Headquartered in Kolkata, the corporate office of the Group is located in one of Kolkata's landmark buildings - The Metropolitan Building on the Esplanade.
Eden Realty Ventures (ERVPL), Eden Infrastructure (EIPL) and Eden Real Estates (EREPL) form the Eden City Group. The Team Eden is led by US - based NRI, Indrajit De and IIT-ian Sachchidanand Rai.
Kolkata, 7th August, 2013: EdenCity Maheshtala , the flagship project of Eden City Group, one of the renowned real estate developers of Kolkata, has been awarded a 'Kolkata - 6 Star Rating' by CRISIL Real Estate Star Ratings (CREST). This is the first residential project of the city to get a 6 Star Rating.
"CREST is an independent, credible and comprehensive ratings service that seeks to help property buyers and developers benchmark and identify quality real estate projects in their respective cities. Our ratings provide a comprehensive evaluation of all critical project specific parameters. Today, we are pleased to announce the award of â€˜Kolkata - 6 Star Ratingâ€™ to EdenCity Maheshtala ", said Mr. Sachin Nigam, Senior Director, CRISIL Real Estate Ratings, India.
"Thanks to its robust analytical prowess and unmatched credibility, CREST has today become the most respected name in the real estate ratings space in India. It is indeed a moment of glory for the entire Eden City team as this is a true acknowledgement of our untiring efforts in making EdenCity Maheshtala as one of the best and most sought after residential projects of Kolkata", said Mr. Indrajit De, Chairman, Eden City Group.
Star Ratings are based on an eight-point scale, from 'City 7-Star' - the highest to 'City 1-Star' and the lowest being 'Non-Deliverable Project'. This rating is assigned on the basis of five key parameters, on which the project is evaluated. The parameters are:
Launched in 2010 by CRISIL, India's leading ratings firm, CREST is the undisputed leader in third-party property ratings in India and currently covers over 200 projects at various stages of development; across 39 cities.
CRISIL is a global analytical company, providing ratings, research, and risk and policy advisory services. CRISIL is India's leading ratings agency and also the foremost provider of high-end research to the world's largest banks and leading corporations. With sustainable competitive advantage arising from its strong brand, unmatched credibility, market leadership across businesses, and large customer base, CRISIL delivers analysis, opinions and solutions that make markets function better. CRISIL's majority shareholder is Standard and Poor's (S&P). Standard & Poor's, a part of McGraw Hill Financial (formerly The McGraw-Hill Companies) (NYSE:MHFI), is the world's foremost provider of credit ratings.
CRISIL Real Estate Star Ratings (CREST) provides city specific all-round assessment of real estate projects and helps buyers identify quality projects within their city. CREST addresses two critical needs in the realty sector: improved transparency and objective benchmarking of projects.
About EdenCity Maheshtala
EdenCity Maheshtala is the largest housing project in South Kolkata (Maheshtala), funded through Foreign Direct Investment by UK based F&C REIT Asset Management. The Project is spread over 22 acres. There are G+7 and G+15 Towers with more than 2000 Flats of 2-3 Bedrooms. Amenities include a fully equipped Club with swimming pool, gymnasium, library, games room, yoga and meditation room, coffee shop and restaurant, banquet halls, medicine shop, convenience store and ATM. Apart from these, there are four community halls, an indoor stadium, a football field, multipurpose courts, children's playground, jogging tracks and two natural water bodies. It also has air-conditioned buses dedicated for the residents. More than 1200 families have been offered possession till date and many of them have already started living there. Bookings are currently open for ready-to move-in flats as well as flats to be delivered by December 2013, 2014 and 2015.
A school, hospital, shopping complex, multiplex and a football stadium is also coming up shortly next to EdenCity Maheshtala .