National Developer Grading

National Developer Gradings 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.
 

Benefits of the grading

 

For real estate developers

 

  • Command premium
  • Provide assurance to investors
  • 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

 

  • Independent third-party 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

Grading Scale
 

Grading

Description
DA1

 

Developer's ability to execute real estate projects as per the specified quality level and within the stipulated time schedule, and ability to transfer clean title is excellent.

DA2

Developer's ability to execute real estate projects as per the specified quality level and within the stipulated time schedule, and ability to transfer clean title is very good.

DA3

Developer's ability to execute real estate projects as per the specified quality level and within the stipulated time schedule, and ability to transfer clean title is good.
DA4 Developer's ability to execute real estate projects as per the specified quality level and within the stipulated time schedule, and ability to transfer clean title is below average.
DA5  Developer's ability to execute real estate projects as per the specified quality level and within the stipulated time schedule, and ability to transfer clean title is poor.

 

Note

  • CRISIL may apply '+' (plus) sign for gradings from 'DA1' to 'DA3' to reflect comparative standing within the category

National Developer Gradings List

Housing and real estate form the backbone of the country's infrastructure, and are critical drivers of economic development. With government policies emphasising faster economic growth, the real estate sector is attracting large investments from both domestic and foreign investors. Investors and customers, however, need to exercise caution in their exposure, as the sector is largely unorganised.

 

Company Name

Industry Name

Rating

Report

ABAD Builders Pvt.Ltd.

Real Estate Development

DA2

Akshaya Private Limited

Real Estate Development

DA3
Withdrawn

Asset Homes Private Limited

Real Estate Development

DA2

Land Trades Builders and Developers

Real Estate Development

DA3+

Prestige Estates Projects Limited

Real Estate Development

DA1

Rohan Builders and Developers Private Limited

Real Estate Development

DA2+

Salarpuria Properties Private Limited

Real Estate Development

DA2+ Withdrawn

Skyline Builders

Real Estate Development

DA2+

Skyline Foundations and Structures Private Limited

Real Estate Development

DA2+

Questions?

  • Ajay Kumar,
    Email :
    ajay.anand@crisil.com,
    Tel : 80 4244 5399/ 97423 55502

  • Anirudh Agarwal,
    Email :
    anirudh.agarwal@crisil.com,
    Tel : 33-4011 8219/ 98309 92377

  • Velumuni A,
    Email: 
    Velumuni.A@crisil.com,
    Tel : 044-66563127/9884299276