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| Rating Criteria & Scale |
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| Rating Criteria |
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The Real Estate Star Project Rating would involve detailed examination of critical factors, which would help the investor to evaluate the project:
- Project Developer Quality: It involves assessment of the developer to complete a specific project within stipulated timelines. The assessment involves track record of the developers to construct specific type of project, the adequacy of the organisational set-up and the financial soundness to manage the funding of the project.
- Project Construction Quality: It includes innovative concepts: The assessment of the construction quality involves evaluation of various project contractors for the operational track record. Besides, it involves assessment of various factors which might lead of time overruns like, availability of the raw material and labour. Further, the project features including recreational facilities, innovative concepts like Green Building, etc are assessed.
- Project Legal Quality: The project legal quality refers to the clarity of the legal title of the land, status of various approvals required for the project, including usage of land for the real estate development, as well as adequacy of the title search. Besides, it covers assessment of the transparency levels in the real estate transactions through checking of the sale agreements.
- Project Financial Quality: The analysis of the project financial quality primarily refers to status of the funding of the project, funding mix and project financial flexibility.
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| Rating Scale |
The lowest rating will be "Non Deliverable Projects"
The Project Star rating would be prefixed by the city name |
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