ABOUT STAR RATINGS

CRISIL Real Estate Star Ratings provides city specific all round assessment of real estate projects and helps buyers benchmark and identify quality projects within their city.

  • Star Rating Scalel
  • Star Rating Parameters
  • Star Rating Criteria
Star 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 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.

       City 7-star
     City 6-star
    City 4-star
   City 3-star
  City 2-star
City 1-star
Non-Deliverable Project
Note:
1. The lowest rating for a project will be Non-Deliverable' Project
2. The Star Rating would be prefixed by the city name e.g. Mumbai       
Star 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 assesses the viability of the project, and financial flexibility and accounting quality of the developer.
  • Project Financial Quality
    • Branded TMT Steel.
  • Project Innovation Quality
    • This parameter examines the innovation in the project, and covers aspects such as construction technology and building design, among various aspects.
Star 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 Encumbrances
  Finishes Sale Agreement
  After-Sales Services 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