CRISIL Real Estate Star Gradings
This gradings provide city specific all-round assessment of real estate projects and help buyers benchmark and identify quality projects within their city.
CRISIL Real Estate Star Gradings address two critical needs in the realty sector: improved transparency and objective benchmarking of projects.
The key factors evaluated in the Star Gradings process are:
- Quality of legal documentation,
- Construction related risks,
- Financial flexibility/viability of the project besides the
background, and - Track record of the project sponsor.
Star Gradings is based on an eight-point scale that is specific to the city - from ‘City 7-Star’, the highest to ‘City 0-Star’, the lowest.
475
real estate projects graded
66
cities
Recently graded projects
Sucess Dialog
This is added to your favourites.
Warning Dialog
This is already added to your favourites.
sorry something went wrong.
Sucess Dialog
This is added to your favourites.
Warning Dialog
This is already added to your favourites.
sorry something went wrong.
Sucess Dialog
This is added to your favourites.
Warning Dialog
This is already added to your favourites.
sorry something went wrong.
Sucess Dialog
This is added to your favourites.
Warning Dialog
This is already added to your favourites.
sorry something went wrong.
Grading Scale
The Star Gradings are assigned on a city-specific, eight-point scale; for example, ‘Mumbai Zero Star’ to ‘Mumbai Seven Star’. The assigned grading will thus be a benchmark against other graded projects in the same city.
The gradings are available for proposed, ongoing and recently completed commercial and residential projects. Once the grading is assigned, the project will be monitored constantly, providing timely updates on project progress. The grading will be valid until the project is completed.
Our Grading Criteria
Project Sponsor Quality
- Construction and legal track record
- Organisation strength, systems & processes
- Financial strength of developers (s)
| Project Construction Quality | Project Legal Quality |
|---|---|
| Structural quality | Clarity of Title |
| Infrastructure & Integrated Facilities | Restrictive Covenants |
| Finishes | Encumbrances |
| After-Sales Services | Sale Agreement |
| Likelihood of Time and Cost Overruns | Development Agreement |
| Project Financial Quality | Project Innovation Quality |
|---|---|
| Accounting Quality | Innovation in the areas of Land acquisition/ Construction technology/ Building design/ Project funding |
| Project Economics or Viability | |
| Financial Flexibility |
Grading Definition
| Grade | Definition |
|---|---|
| 7 star | Highest likelihood of a project being delivered as per agreed specifications. Such projects are usually delivered with the least delay |
| 6 star | Very high likelihood of a project being delivered as per agreed specifications. Such projects are usually delivered with very low delay |
| 5 star | High likelihood of a project being delivered as per agreed specifications. Such projects are usually delivered with low delay |
| 4 star | Above average likelihood of a project being delivered as per agreed specifications. Such projects are usually delivered with average delay |
| 3 star | Average likelihood of a project being delivered as per agreed specifications. Such projects are usually delivered with above average delay |
| 2 star | Low likelihood of a project being delivered as per agreed specifications. Such projects are usually delivered with high delay |
| 1 star | Very low likelihood of a project being delivered as per agreed specifications. Such projects are usually delivered with very high delay |
| 0 star | Lowest likelihood of a project being delivered as per agreed specifications. Such projects are usually delivered with maximum delay |
Grading Parameters
Project Sponsor Quality
This parameter focuses on the developers' construction and legal track record, and comments on their financial strength and ability to complete the graded project.
Project Construction Quality
By providing an independent assessment of aspects such as structural quality, amenities, likelihood of time and cost overruns, and after-sales services, this parameter assumes critical importance.
Project Legal Quality
This parameter examines the land title, sales agreement and various other statutory approvals and clearances of the project.
Project Financial Quality
This parameter assesses the viability of the project, and financial flexibility and accounting quality of the developer.
Project Innovation Quality
This parameter examines the innovation in the project, and covers aspects such as construction technology and building design, among various aspects.
Top graded projects in your city
-
Select CityError Msg
- Ahmedabad
- Alwar
- Bangalore
- Belgaum
- Bhilai
- Bhopal
- Bhubaneswar
- Chandigarh
- Chennai
- Coimbatore
- Cuttack
- Durgapur
- Goa
- Haridwar
- Hubli
- Hyderabad
- Indore
- Jaipur
- Jajpur
- Kanpur
- Kochi
- Kolkata
- Kottayam
- Kozhikode
- Lucknow
- Ludhiana
- Mangalore
- Mathura
- Mumbai
- NCR
- Nagpur
- Nashik
- Osmanabad
- Patna
- Puducherry
- Pune
- Raipur
- Rajkot
- Ranchi
- SAS Nagar
- Satara
- Siliguri
- Surat
- Thrissur
- Trichy
- Trivandrum
- Vadodara
- Vapi
- Varanasi
- Vijayawada
- Visakhapatnam
-
Select Project TypeError Msg
-
Residential and Commercial - Affordable housing
- Commercial
- Commercial and IT Park
- Commercial and Retail
- Group Housing Scheme
- Integrated Township
- Mall
- Mix use (Commercial, Retail, and Serviced Apartments)
- Mixed
- Mixed (Residential + Shopping Mall + Multiplex + Hotel)
-
Mixed development
(Golf course, Mansions, Hotel and Convention Centre) - Mixed use (residential and commercial)
- Plotted
- Plotted Development
- Residential
- Residential & Commercial
- Residential (Plots, Villas & Multi-storey blocks) and Retail
- Residential (Plotted development & Villa)
- Residential (Villa)
- Residential (villas)
- Residential + Commercial
- Residential - Rown Houses
- Residential Blocks
- Residential Villas + Resort
- Residential Villas and Blocks
- Residential and Commercial
- Residential and Villa
- Residential, Rehabilitation
- Retail, Multiplex & Offices
- Township
- Villa
- Villa Development
- Villa development
- Villas
-
-
Select GradingError Msg
- Ahmedabad 4 Star
- Ahmedabad 5 Star
- Ahmedabad 6 Star
- Ahmedabad 7 Star
- Alwar 5 Star
- Bangalore 3 Star
- Bangalore 4 Star
- Bangalore 5 Star
- Bangalore 6 Star
- Bangalore 7 Star
- Belgaum 2 Star
- Belgaum 4 Star
- Belgaum 6 Star
- Belgaum 7 Star
- Bhilai 6 Star
- Bhopal 5 Star
- Bhubaneswar 3 Star
- Bhubaneswar 4 Star
- Bhubaneswar 5 Star
- Bhubaneswar 6 Star
- Chandigarh 6 Star
- Chennai 1 Star
- Chennai 2 Star
- Chennai 3 Star
- Chennai 4 Star
- Chennai 5 Star
- Chennai 6 Star
- Chennai 7 Star
- Coimbatore 4 Star
- Cuttack 5 Star
- Durgapur 5 Star
- Goa 2 Star
- Goa 6 Star
- Haridwar 4 Star
- Hubli 5 Star
- Hyderabad 4 Star
- Hyderabad 5 Star
- Hyderabad 6 Star
- Indore 4 Star
- Jaipur 4 Star
- Jaipur 5 Star
- Jajpur 5 Star
- Kanpur 5 Star
- Kochi 2 Star
- Kochi 4 Star
- Kochi 6 Star
- Kolkata 3 Star
- Kolkata 4 Star
- Kolkata 4 Star
- Kolkata 5 Star
- Kolkata 6 Star
- Kolkata 7 star
- Kottayam 6 Star
- Kozhikode 5 Star
- Lucknow 3 Star
- Lucknow 4 Star
- Ludhiana 4 Star
- Mangalore 3 Star
- Mangalore 4 Star
- Mangalore 5 Star
- Mangalore 6 Star
- Mangalore 7 Star
- Mathura 4 Star
- Mathura 6 Star
- Mathura 7 Star
- Mumbai 2 Star
- Mumbai 3 Star
- Mumbai 4 Star
- Mumbai 5 Star
- Mumbai 6 Star
- Mumbai 7 Star
- NCR 1 Star
- NCR 2 Star
- NCR 3 Star
- NCR 4 Star
- NCR 5 Star
- NCR 6 Star
- Nagpur 5 Star
- Nagpur 6 Star
- Nashik 4 Star
- Nashik 5 Star
- Nashik 6 Star
- Osmanabad 5 Star
- Patna 5 Star
- Puducherry 4 Star
- Pune 3 Star
- Pune 4 Star
- Pune 5 Star
- Pune 6 Star
- Pune 7 Star
- Raipur 5 Star
- Raipur 6 Star
- Rajkot 5 Star
- Ranchi 5 Star
- SAS Nagar 5 Star
- Satara 5 Star
- Siliguri 2 Star
- Siliguri 3 Star
- Siliguri 5 Star
- Siliguri 6 Star
- Surat 4 Star
- Surat 5 Star
- Surat 6 Star
- Surat 7 Star
- Thrissur 6 Star
- Trichy 4 Star
- Trichy 5 Star
- Trivandrum 7 Star
- Vadodara 4 Star
- Vadodara 5 Star
- Vadodara 6 Star
- Vapi 5 Star
- Varanasi 6 Star
- Vijayawada 5 Star
- Visakhapatnam 5 Star