CRISIL Real Estate Star Ratings
This ratings 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 Ratings address two critical needs in the realty sector: improved transparency and objective benchmarking of projects.
The key factors evaluated in the Star Ratings 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 Ratings is based on an eight-point scale that is specific to the city - from 'City 7-Star', the highest, to 'City 1-Star', the lowest being 'Non-Deliverable Project'.
475
real estate projects rated
66
cities
Recently rated projects
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Rating Scale
The Star Ratings are assigned on a city-specific, eight-point scale; for example, 'Mumbai One Star' to 'Mumbai Seven Star', seven being the highest. The lowest rating will be 'non-deliverable' project. The assigned rating will thus be a benchmark against other rated projects in the same city.
The ratings are available for proposed, ongoing and recently completed commercial and residential projects. Once the rating is assigned, the project will be monitored constantly, providing timely updates on project progress. The rating will be valid until the project is completed.
Our Rating 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 |
Rating 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 rated 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 rated projects in your city
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- 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
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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 (Residential + Shopping Mall + Multiplex + Hotel)
- 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 Blocks
- Residential Villas + Resort
- Residential Villas and Blocks
- Residential and Villa
- Residential, Rehabilitation
- Retail, Multiplex & Offices
- Township
- Villa
- Villa Development
- Villas
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- Ahmedabad 4 Star
- Ahmedabad 5 Star
- Ahmedabad 6 Star
- Alwar 5 Star
- Bangalore 3 Star
- Bangalore 4 Star
- Bangalore 5 Star
- Bangalore 5 Star - Rating Advisory
- 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
- Coimbatore 4 Star
- Cuttack 5 Star
- Durgapur 5 Star
- Goa 2 Star
- Goa 6 Star - Rating Advisory
- Haridwar 4 Star
- Hubli 5 Star
- Hyderabad 4 Star
- Hyderabad 5 Star
- Hyderabad 6 Star
- Indore 4 Star
- Jaipur 5 Star
- Jaipur 6 Star
- Jajpur 5 Star - Rating Advisory
- 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
- 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 4 Star
- Siliguri 5 Star
- Siliguri 6 Star
- Siliguri 6 Star - Rating Advisory
- Surat 5 Star
- Surat 5 Star - Rating Advisory
- Surat 6 Star
- Surat 7 Star
- Thrissur 6 Star
- Trichy 4 Star
- Trichy 5 Star
- Trivandrum 7 Star
- Vadodara 4 Star
- Vadodara 5 Star
- Vapi 5 Star
- Varanasi 6 Star
- Vijayawada 5 Star
- Visakhapatnam 5 Star