The 123rd Project, Asset Banyan Court, begins with Stone Laying Ceremony in Melechovva, Kannur

The foundation stone for Asset Banyan Court, the latest addition to Asset Homes’ Exotica series, was laid on November 7, 2025, at Melechovva, Kannur. The ceremony marked the formal beginning of one of Kannur’s most anticipated premium residential developments.

The event began with traditional rituals and a musical performance, setting an uplifting tone for the morning. Ms. Asha Sharath, Brand Ambassador of Asset Homes, graced the occasion as the chief guest. The proceedings commenced with a welcome address by Mr. Tony John, CEO of Asset Homes, followed by opening remarks by Mr. V. Sunil Kumar, Founder & Managing Director of Asset Homes, who shared his thoughts on the project’s vision and its contribution to Kannur’s urban landscape.

The foundation stones were laid by Mr. Raveendranath Valappil (JV Partner), Ms. Shahina Moideen (Ward Councillor, Kannur Corporation, Chairperson – Tax Appeal Standing Committee), Ms. Asha Sharath (Brand Ambassador, Asset Homes), Mr. V. Sunil Kumar (Founder & Managing Director, Asset Homes), and Dr. M.P. Hassan Kunhi (Director, Asset Homes), symbolising the collaborative strength behind the development.

Following the stone laying, Mr. V. Sunil Kumar performed the traditional Dakshina and Dhoti offering to the lead mason, honouring the craftsmanship that forms the foundation of every Asset Homes project. The brochure was released by Ms. Asha Sharath and presented to Ms. Shahina Moideen, in the presence of Mr. V. Sunil Kumar and Dr. M.P. Hassan Kunhi.

The ceremony also featured the release of location and walkthrough videos by Ms. Shahina Moideen, offering guests an insight into the project’s design and setting. Felicitations followed from Ms. Shahina Moideen, Mr. Raveendranath Valappil, and Dr. M.P. Hassan Kunhi, appreciating Asset Homes’ role in shaping modern living in Kannur.

Representatives from leading financial institutions, including HDFC, ICICI, SBI, Canara Bank, South Indian Bank, Kerala Gramin Bank, Axis Bank, Bank of Baroda, and Union Bank, handed over project approval letters to the Asset Homes leadership team, reaffirming strong financial backing for the project.

The event concluded with a vote of thanks by Mr. Prasanth Alinkeel (GM – Zonal Head), followed by music and refreshments. The ceremony celebrated not just the beginning of Asset Banyan Court, but also the continued trust and growth of Asset Homes in Kannur.