National Developer Ratings

CRISIL's National Developer Rating indicates CRISIL's opinion on the developer's track record of executing projects as per the specified quality standards, and on the developer's ability to transfer a clear title within the stipulated schedule.

For Real Estate Developers:

• Command premium over competition
• Provide assurance to investors, especially customers, non-resident Indians (NRIs), and foreign direct investment (FDI) partners
• Easy access to low cost capital

For Customers and Investors:

• Assurance of developer's good track record of transfer of clean title and timely project completion
• Safety of booking advance

For Banking, Financial, and Lending Institutions:

• Confidence of third-party independent opinion on developer's performance and ability

For Regulators:

• Orderly development of the sector
• Self-regulating framework
• Incentive for developers to maintain legal and construction standards