Ratings of Real Estate Developers
CRISIL - NAREDCO rating for Real Estate Developers is a measure of their past track record in executing real estate projects and their organisational and financial risk profiles. It is not a rating of developer's credit quality. Developers' track record is analyse with reference to their track record of legal compliance, types of projects undertaken, adherence to construction schedules and market perception about the developer.
The key factors that would be considered for assessing organisational and financial risk include: the extent of structured quality systems, organisational structure, existing financial position, financial flexibility, management evaluation and strategies about taking up and executing real estate projects.