subject: Crisil Rates Real Estate By Credit Rating [print this page] Due to having appearance of various real estate projects and developers across India, there are number of predictions and these deviations have become hazardous for buyers. How can buyers get to know which builder is reliable? What things will ensure that the particular project will have not any trouble? How would the buyers determine the financial strong and goodwill of the developers? CRISIL launched a Real Estate Ratings system in 2010 known as CREST that shows which developer and project is best among other competitive developers and project in the market. Thus, it helps buyers to choose the best one. They can just go with the top most rating while choosing the best one
The following factors are considered in these ratings by the agency:
1.Documentation Quality
2.Building related hazards
3.Monetaryvi ability
4.Past record of builder
Regularly, the buyers are unable to understand and make conclusion about the project and developer and depend on the opinion of dealers and local population. There is always a difference of reliable information about the real estate developers which is to be completed by the CREST.
These rating systems would be used by all the stakeholders of the projects such as SRS Pearl Floors, including the builders, investors and financers. This rating system is not going to help only buyers but builders will also take advantage of it because they would be able to increase their funds in the project and market their projects in an enhanced way subsequently. These marks are considered as the benchmarks in abroad by foreign stakeholders and conspirators. The builders would start working on the reliable rest raintsand get good ratings by developing their projects as per the legal monitoring agenda.
These ratings help investors in explaining which project is good to finance and how much is good to invest. The investors can fix their experiences to these projects placed on these ratings. Further, these ratings can be used to fix the interest rates of financing these projects, defining the margin needs which need to be reserved by them and also in asking for suitable sanctuaries against the financing.
The advantages are quite comprehensible. Buyers would easily be known about the inventors and their projects through a reliable source and it would also help comparing one project to another similar project for example comparing SRS Pearl Floor Faridabad with another similar project in Greater Faridabad on the basis of different limitations mentioned above. Apart from this, the buyers are also able to check the position of the construction work on daily basis. CREST provides the newest status on projects as per the ratings provided by it.
