To help buyers benchmark and identify quality projects, CRISIL Real Estate Star Ratings provide city specific all-round assessment of real estate projects.
Ark Homes was Hyderabad's first residential project to be awarded 5 Star rating by CRISIL, followed by Ark Serene County in 2013.
CRISIL Star Rating considers the following key factors:
Project Sponsor Quality:
This parameter focuses on the developer's construction and legal track record and ability to complete the rated project.
Project Construction Quality:
By Providing 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 examines the land title, sales agreement and various other statuory approvals and clearances of the project.
Project Financial Quality:
This parameter assesses the viability of the project, and financial flexibility and accounting quality of the developer.
Project Innovation Quality:
This Parameter examines the innovation in the project, and covers aspects such as construction technology and building design, among various aspects.