Maruti Lifestyle Current Rating: ‘Raipur 6 Star’ (Reaffirmed in January 2015) mohammad Earlier Rating: ‘Raipur 6 Star’ (Rating assigned in December 2012) Project Profile Type of project Location of project Type of development Start date of project Possession committed to customer Total saleable area Percentage of physical completion as on December 2014 Villas & Apartments Opposite R K Mall, Mahoba Bazar, Raipur. Bought out October 2009 July 2015 (Entire project) 0.8 million sq ft 90 per cent Sponsor Profile Name of the project Name and address of developer Name of developer group Track record in years No. of projects developed till date No. of ongoing projects Maruti Lifestyle Avinash Developers Private Limited Avinash House, Maruti Business Park, G E Road, Raipur – 492 001. Avinash Group 18 (Since 1996) 26 11 Project Rating Drivers • • • • Project construction quality and amenities o Construction quality: The structural quality of the project is backed by the track records of the architect and structural engineer. The project has been designed in conformance with the seismic zone II requirements. The quality of construction is monitored by random cube tests through third-party agencies. The developer does not provide defect liability for the project. o Amenities: The developer will provide major amenities such as clubhouse, swimming pool, gymnasium, spa and sauna facilities, indoor games, bowling alley, badminton/tennis/squash court, joggers’ park, skating rink, library, indoor cricket, kids’ play area, yoga hall, conference room, business centre, banquet hall, and guest rooms. The clubhouse will be open for people who are not part of the project, but who will have to pay membership fees. o Location: The project is located opposite RK Mall at Mahoba Bazar in Raipur and is in proximity to educational institutes, shopping areas, and railway station. The project has strong road connectivity and is well-connected to other parts of the city. The project targets businessmen and high-ranking government officials. Project legal quality – The legal quality of the project is backed by a clear and marketable land title and an agreement to sale that mentions details such as payment schedule, default implication, and transfer clause. The possession date, delay compensation, and maintenance clause do not form part of the agreement to sale. Project financial quality – The project’s financial quality is strong marked by sanctioned bank lines and sound project sales. Project sponsor quality – The project’s sponsor quality is driven by the strong development track record of the company in the Raipur real estate market and sound financials. The developer has completed 26 projects (3.5 million square feet [sq ft]) over the past 18 years. As on March 31, 2014, the developer had a net worth of Rs.714.2 million and gearing of 1.68 times. Project Photographs (As on December 2014)