Ratings of Real Estate Projects
CRISIL - NAREDCO rating for a real estate project pertains to a particular project and is not a rating for the company as a whole. Only projects with an approved plan and planning permit from the appropriate local authority are considered for a rating. The rating translated into a symbol, indicates CRISIL - NAREDCOs' current opinion of the project and developer-related risk factors which could affect the ability of the developer to develop and ultimately transfer the title of the property to the investor. However, the rating is not a recommendation to buy, sell or invest in a particular project. Consequently, different projects of the same real estate developer might receive different ratings depending on the degree of risks associated with them. CRISIL disseminates ratings that are accepted by the companies to the public, ensuring transparency in the process.