Crisil ratings for projects in Trivandrum - What it means for your project

CRISIL Real Estate Star 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'.  Some of the ratings given by Crisil for projects in Kochi and Trivandrum in Kerala are as follows. The real estate ratings serve to increase the credibility of the developer on one hand and helps the developer get financial funding. This also ensures for the customer good construction quality in the project. As per  ICRA Limited, “For end-users/buyers, Grading provides an independent and objective opinion on the risks associated with the developer’s ability to deliver in accordance with the terms, quality parameters, and time stipulated." Project Name Location Developer Name Star Ratings Kent Nalukettu Palm Villas Kochi Kent Constructions Kochi - 5 Star Ivy League - Phase 1 Kochi Skyline Builders Kochi - 7 Star Ultima Skymax Kochi Ultima Builders and Developers Kochi - 3 Star Project Name Location Developer Star Ratings Asset Signature - Phase I Trivandrum Asset Homes Pvt Ltd Trivandrum - 7 Star Heera Infocity Trivandrum Heera Construction Company (P) Ltd Trivandrum - 7 Star SFS Cyber Palms Trivandrum Skyline Foundations & Structures (P) Ltd Trivandrum - 7 Star

Rating Scale For Real Estate Developers DA1 Excellent The 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 Very Good The 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 Good The 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 Below Average The 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 Poor The 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.