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
|
|
Asset Homes Private Limited |
Real Estate Development |
DA2+
|
|
Land Trades Builders and Developers |
Real Estate Development |
DA2 |
|
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+ |
|
GM Infinite Dwellings (India) Private Limited |
Real Estate Development |
DA2 |