Real Estate Star Rating

  • Overview
  • Rating Criteria and Scale
  • Rated Projects
  • FAQs
  • Media Connect

Need

The real estate Industry being highly fragmented with regional dynamics and smaller players is marred with a low level of Investor trust. Although the emergence of large corporate houses is bringing some level of transparency, there are no set benchmarks to differentiate one from another.

A home buyer when looking at investing in a property is investing his entire life’s savings. Hence, there is an increasing need to distinguish real estate projects on parameters such as developer quality, his track record in the industry, timeliness of project completion, construction quality, financial prudence, amenities provided, legal aspects, etc.

CARE REAL ESTATE STAR RATING delves upon these critical aspects enabling investors and individuals to make informed decisions. It also helps in due diligence activities conducted by PE Investors and Banks during funding of the projects

Approach

CARE undertakes the Real Estate Star Rating exercise by implementing its plethora of analytical expertise. CARE’s dedicated team undertakes an extensive assessment of the project based on information and documents provided by the client. The team also meets the client’s management and their project related teams, conducts site visit, analyses his past projects, assess the city and the project location along with project financial/ break-even analysis. The primary focus is to determine the quality of the particular real estate project. After analyzing the set parameters, a rating will be assigned and the project would be under surveillance throughout its tenure.

Process Flow:

To Get Your Projects Rated


care@careratings.com

Call Us on +91 22 6754 3456

Testimonials

Mr Nalin Saluja, Director, SPR Buildtech

Project ratings by CARE are awarded after profound due diligence of not only the project's finances, but project location & amenities, construction quality and project's legal clearances as well. It is one of the most comprehensive ratings out there that can provide critical insights into the project to the prospective customers, bringing transparency to the transaction, and in effect helping build a bond of trust between the buyer & seller. This helps the developer build his brand image and is surely a win-win for all players involved.

Mr Manoj Singh, VP, Business Development,CommonFloor.com

CARE Star Ratings of projects is a true testimony to the innumerable changes happening in the real estate industry currently. The process is very transparent and unbiased. It will go a long way in helping both investors and customers, alike, to streamline their property search. As for developers, the ratings will add to their projects' USP and also give a brand new identity.

Ashok Dang, VP-Finance, Parsvnath Developers Ltd.

A good project rating, a very transparent process, from a reputed rating agency like CARE is not only a feather in the cap but also helps in improving the customers confidence in the project. Through the continuous monitoring system, it also put pressures on the developer to maintain the set standards.

Jasmeet Dhamija, Editor in Chief, Property and Wealth Magazine

CARE Real estate star rating is a very transparent rating exercise which evaluates a project on its quality & financial parameters. CARE Real estate star rating helps improve brand image and is source of credible information which a buyer can refer to while making a property purchase.

Rating Criteria:

The Real Estate Star Rating would involve detailed examination of critical factors, which would help the investor to evaluate the project:

Rating Scale:

The lowest rating will be "Non Deliverable Projects" The Project Star rating would be prefixed by the city name

To Get Your Projects Rated


care@careratings.com

Call Us on +91 22 6754 3456

Testimonials

Ashok Dang, VP-Finance, Parsvnath Developers Ltd.

A good project rating, a very transparent process, from a reputed rating agency like CARE is not only a feather in the cap but also helps in improving the customers confidence in the project. Through the continuous monitoring system, it also put pressures on the developer to maintain the set standards.

Jasmeet Dhamija, Editor in Chief, Property and Wealth Magazine

CARE Real estate star rating is a very transparent rating exercise which evaluates a project on its quality & financial parameters. CARE Real estate star rating helps improve brand image and is source of credible information which a buyer can refer to while making a property purchase.

Mr Manoj Singh, Vice President, Business Development

CARE Star Ratings of projects is a true testimony to the innumerable changes happening in the real estate industry currently. The process is very transparent and unbiased. It will go a long way in helping both investors and customers, alike, to streamline their property search. As for developers, the ratings will add to their projects' USP and also give a brand new identity.

Project Name : Hiland Greens (Phase I & II)
Developer Name : Riverbank Developers Private Limited
Star Rating Assigned : kolkata- 7 star
+ view details
Project Name :
Hiland Greens (Phase I & II)
Month & Year :
May/2017
Developer Name :
Riverbank Developers Private Limited
Star Rating Assigned :
kolkata- 7 star
Key Features :
Project Type :
Residential
Location :
Kolkata
Start Date :
Phase I - September 2014 Phase II – March 2015
Scheduled Completion Date :
Phase I -Mar, 2014 Phase II –Nov, 2014
Total Saleable Area :
40.9 (lsf)
Project Name : Aloha
Developer Name : Cubatic Shimul Ventures Pvt. Ltd.
Star Rating Assigned : Bengaluru- 4 star
+ view details
Project Name :
Aloha
Month & Year :
Jan/2017
Developer Name :
Cubatic Shimul Ventures Pvt. Ltd.
Star Rating Assigned :
Bengaluru- 4 star
Key Features :
Project Type :
Residential
Location :
Bengaluru
Start Date :
April 2014
Scheduled Completion Date :
December 31, 2017
Total Saleable Area :
3.02 lsf
Project Name : The Gran Carmen Address (TGCA)
Developer Name : Indiabuild Villas Development Pvt Ltd
Star Rating Assigned : Bengaluru- 6 Star
+ view details
Project Name :
The Gran Carmen Address (TGCA)
Month & Year :
Oct/2016
Developer Name :
Indiabuild Villas Development Pvt Ltd
Star Rating Assigned :
Bengaluru- 6 Star
Key Features :
Project Type :
Residential Villas
Location :
Bangalore
Start Date :
August 2013
Scheduled Completion Date :
December 2015
Total Saleable Area :
2.82 (lsf)
Project Name : Siddha Galaxia Phase II
Developer Name : Siddha Sphere LLP
Star Rating Assigned : kolkata- 6 star
+ view details
Project Name :
Siddha Galaxia Phase II
Month & Year :
Oct/2016
Developer Name :
Siddha Sphere LLP
Star Rating Assigned :
kolkata- 6 star
Key Features :
Project Type :
Residential
Location :
Kolkata
Start Date :
June 2015
Scheduled Completion Date :
December 2019
Total Saleable Area :
10.80 (lsf)
Project Name : Oxygen (Phase I & II)
Developer Name : Urban Tree Infrastructures Private Limited
Star Rating Assigned : Chennai 5-Star
+ view details
Project Name :
Oxygen (Phase I & II)
Month & Year :
Jun/2016
Developer Name :
Urban Tree Infrastructures Private Limited
Star Rating Assigned :
Chennai 5-Star
Key Features :
Project Type :
Residential Flats
Location :
Chennai
Start Date :
November 2014
Scheduled Completion Date :
Phase I – June 30, 2016 ,Phase II- September 30, 2016
Total Saleable Area :
4.94 (lsf)
Project Name : Wow
Developer Name : Urban Tree Infrastructures Private Limited
Star Rating Assigned : Chennai 5-Star
+ view details
Project Name :
Wow
Month & Year :
Jun/2016
Developer Name :
Urban Tree Infrastructures Private Limited
Star Rating Assigned :
Chennai 5-Star
Key Features :
Project Type :
Residential Flats
Location :
Chennai
Start Date :
December 2015
Scheduled Completion Date :
April 30, 2017
Total Saleable Area :
1.92 (lsf)
Project Name : One Avighna Park
Developer Name : One Avighna Park by Nish Developers Pvt. Ltd.
Star Rating Assigned : Mumbai 7-Star
+ view details
Project Name :
One Avighna Park
Month & Year :
May/2016
Developer Name :
One Avighna Park by Nish Developers Pvt. Ltd.
Star Rating Assigned :
Mumbai 7-Star
Key Features :
Project Type :
Residential
Location :
Parel, Mumbai
Start Date :
June 2010
Scheduled Completion Date :
June 2016
Total Saleable Area :
8.67 (lsf)
Project Name : Flushing Meadows
Developer Name : Flushing Meadows by Elysium Real Properties Pvt. Ltd.
Star Rating Assigned : Withdrawn
+ view details
Project Name :
Flushing Meadows
Month & Year :
May/2016
Developer Name :
Flushing Meadows by Elysium Real Properties Pvt. Ltd.
Star Rating Assigned :
Withdrawn
Key Features :
Project Type :
Location :
Start Date :
Scheduled Completion Date :
-
Total Saleable Area :
-
Download Project Brochure
Download Press Release
Prepared by Care Ratings
Download Project Report
Project Name : Villa Park
Developer Name : Villa Park by Elysium Real Properties Pvt. Ltd.
Star Rating Assigned : Withdrawn
+ view details
Project Name :
Villa Park
Month & Year :
May/2016
Developer Name :
Villa Park by Elysium Real Properties Pvt. Ltd.
Star Rating Assigned :
Withdrawn
Key Features :
Project Type :
Location :
Start Date :
Scheduled Completion Date :
-
Total Saleable Area :
-
Download Project Brochure
Download Press Release
Prepared by Care Ratings
Download Project Report
Project Name : Tritvam
Developer Name : Tritvam by TRIF kochi projects Pvt. Ltd.
Star Rating Assigned : Kochi 7-Star
+ view details
Project Name :
Tritvam
Month & Year :
May/2016
Developer Name :
Tritvam by TRIF kochi projects Pvt. Ltd.
Star Rating Assigned :
Kochi 7-Star
Key Features :
Project Type :
Residential
Location :
Marine Drive
Start Date :
June 2010
Scheduled Completion Date :
April 2016
Total Saleable Area :
11.42 lsf
Project Name : Aloha
Developer Name : Cubatic Shimul Ventures Pvt. Ltd.
Star Rating Assigned : Bengaluru-5 Star
+ view details
Project Name :
Aloha
Month & Year :
Aug/2015
Developer Name :
Cubatic Shimul Ventures Pvt. Ltd.
Star Rating Assigned :
Bengaluru-5 Star
Key Features :
Project Type :
Residential
Location :
Jalahalli, Bengaluru
Start Date :
April 2014
Scheduled Completion Date :
June 2017
Total Saleable Area :
3.02 lsf
Project Name : Mahagun Moderne
Developer Name : Mahagun Real Estate Private Limited
Star Rating Assigned : 5-Star
+ view details
Project Name :
Mahagun Moderne
Month & Year :
Jun/2015
Developer Name :
Mahagun Real Estate Private Limited
Star Rating Assigned :
5-Star
Key Features :
Project Type :
Residential
Location :
Noida (U.P)
Start Date :
April 2010
Scheduled Completion Date :
December 2015
Total Saleable Area :
45.85 lsf
Project Name : Vaishnavi Estates Private Limited
Developer Name : Vaishnavi Estates Private Limited
Star Rating Assigned : Suspended
+ view details
Project Name :
Vaishnavi Estates Private Limited
Month & Year :
Apr/2015
Developer Name :
Vaishnavi Estates Private Limited
Star Rating Assigned :
Suspended
Key Features :
Project Type :
Location :
Start Date :
Scheduled Completion Date :
-
Total Saleable Area :
-
Project Name : Mahagun Mezzaria
Developer Name : Nexgen Infracon Private Limited
Star Rating Assigned : NCR 5-star
+ view details
Project Name :
Mahagun Mezzaria
Month & Year :
Mar/2015
Developer Name :
Nexgen Infracon Private Limited
Star Rating Assigned :
NCR 5-star
Key Features :
Project Type :
Residential
Location :
Sector 78, Noida (UP)
Start Date :
September 2012
Scheduled Completion Date :
March 2016
Total Saleable Area :
20.76 lsf
Project Name : Mahagun Mirabella
Developer Name : Golfgreen Infra Private Limited
Star Rating Assigned : NCR 5-Star
+ view details
Project Name :
Mahagun Mirabella
Month & Year :
Mar/2015
Developer Name :
Golfgreen Infra Private Limited
Star Rating Assigned :
NCR 5-Star
Key Features :
Project Type :
Residential
Location :
Noida (U.P)
Start Date :
December 2013
Scheduled Completion Date :
March 2017
Total Saleable Area :
9.13 lsf
Project Name : Arihant Adita
Developer Name : Arihant Superstructures Ltd
Star Rating Assigned : Suspended
+ view details
Project Name :
Arihant Adita
Month & Year :
Mar/2015
Developer Name :
Arihant Superstructures Ltd
Star Rating Assigned :
Suspended
Key Features :
Project Type :
Location :
Start Date :
Scheduled Completion Date :
-
Total Saleable Area :
-
Download Project Brochure
Download Press Release
Prepared by Care Ratings
Download Project Report
Project Name : Imperial Estate
Developer Name : SPR Buildtech
Star Rating Assigned : Suspended
+ view details
Project Name :
Imperial Estate
Month & Year :
Mar/2015
Developer Name :
SPR Buildtech
Star Rating Assigned :
Suspended
Key Features :
Project Type :
Location :
Start Date :
Scheduled Completion Date :
-
Total Saleable Area :
-
Download Project Brochure
Download Press Release
Download Project Report
Project Name : Galaxy North Avenue - II
Developer Name : Galaxy Dream Home Devlopers Pvt. Ltd.
Star Rating Assigned : Suspended
+ view details
Project Name :
Galaxy North Avenue - II
Month & Year :
Mar/2015
Developer Name :
Galaxy Dream Home Devlopers Pvt. Ltd.
Star Rating Assigned :
Suspended
Key Features :
Project Type :
Location :
Start Date :
Scheduled Completion Date :
-
Total Saleable Area :
-
Download Project Brochure
Download Press Release
Download Project Report
Project Name : The Aranya (Phase I)
Developer Name : Unnati Fortune Holdings Limited
Star Rating Assigned : Suspended
+ view details
Project Name :
The Aranya (Phase I)
Month & Year :
Mar/2015
Developer Name :
Unnati Fortune Holdings Limited
Star Rating Assigned :
Suspended
Key Features :
Project Type :
Location :
Start Date :
Scheduled Completion Date :
-
Total Saleable Area :
-
Download Project Brochure
Download Press Release
Download Project Report
Project Name : Swarnamani
Developer Name : MANI SQUARE LTD
Star Rating Assigned : Suspended
+ view details
Project Name :
Swarnamani
Month & Year :
Mar/2015
Developer Name :
MANI SQUARE LTD
Star Rating Assigned :
Suspended
Key Features :
Project Type :
Location :
Start Date :
Scheduled Completion Date :
-
Total Saleable Area :
-
Download Project Brochure
Download Press Release
Prepared by Care Ratings
Download Project Report
Project Name : Viverra (Phase-I)
Developer Name : Pawan Edifice Pvt. Ltd.
Star Rating Assigned : Suspended
+ view details
Project Name :
Viverra (Phase-I)
Month & Year :
Mar/2015
Developer Name :
Pawan Edifice Pvt. Ltd.
Star Rating Assigned :
Suspended
Key Features :
Project Type :
Location :
Start Date :
Scheduled Completion Date :
-
Total Saleable Area :
-
Download Project Brochure
Download Press Release
Prepared by Care Ratings
Download Project Report
Project Name : Iscon Platinum
Developer Name : JP Iscon Limited
Star Rating Assigned : Suspended
+ view details
Project Name :
Iscon Platinum
Month & Year :
Mar/2015
Developer Name :
JP Iscon Limited
Star Rating Assigned :
Suspended
Key Features :
Project Type :
Location :
Start Date :
Scheduled Completion Date :
-
Total Saleable Area :
-
Download Project Brochure
Download Press Release
Prepared by Care Ratings
Download Project Report
Project Name : Mani Tirumala
Developer Name : Mani Tirumala Project Private Limited
Star Rating Assigned : Suspended
+ view details
Project Name :
Mani Tirumala
Month & Year :
Mar/2015
Developer Name :
Mani Tirumala Project Private Limited
Star Rating Assigned :
Suspended
Key Features :
Project Type :
Location :
Start Date :
Scheduled Completion Date :
-
Total Saleable Area :
-
Download Project Brochure
Download Press Release
Prepared by Care Ratings
Download Project Report
Project Name : Parsvnath Privilege
Developer Name : Parsvnath Developers Limited.
Star Rating Assigned : Suspended
+ view details
Project Name :
Parsvnath Privilege
Month & Year :
Oct/2014
Developer Name :
Parsvnath Developers Limited.
Star Rating Assigned :
Suspended
Key Features :
Project Type :
Location :
Start Date :
Scheduled Completion Date :
-
Total Saleable Area :
-
Download Project Brochure
Download Press Release
Prepared by Care Ratings
Download Project Report
Project Name : Wegmans Business Park – Phase I
Developer Name : WEGMANS INDUSTRIES PRIVATE LIMITED
Star Rating Assigned : NCR 7-Star
+ view details
Project Name :
Wegmans Business Park – Phase I
Month & Year :
Oct/2014
Developer Name :
WEGMANS INDUSTRIES PRIVATE LIMITED
Star Rating Assigned :
NCR 7-Star
Key Features :
Project Type :
Commercial
Location :
Greater Noida
Start Date :
June 2007
Scheduled Completion Date :
September 2009
Total Saleable Area :
3.13 lsf
Project Name : Red Fort Parsvnath Tower
Developer Name : Parsvnath Estate Developers Private Limited
Star Rating Assigned : Withdrawn
+ view details
Project Name :
Red Fort Parsvnath Tower
Month & Year :
Sep/2014
Developer Name :
Parsvnath Estate Developers Private Limited
Star Rating Assigned :
Withdrawn
Key Features :
Project Type :
Location :
Start Date :
Scheduled Completion Date :
-
Total Saleable Area :
-
Download Project Brochure
Download Press Release
Prepared by Care Ratings
Download Project Report
Project Name : The Gran Carmen Address (TGCA)
Developer Name : Indiabuild Villas Development Pvt Ltd
Star Rating Assigned : Bengaluru- 6 Star
+ view details
Project Name :
The Gran Carmen Address (TGCA)
Month & Year :
Jun/2014
Developer Name :
Indiabuild Villas Development Pvt Ltd
Star Rating Assigned :
Bengaluru- 6 Star
Key Features :
Project Type :
Residential Villas
Location :
BENGALURU
Start Date :
August 2013
Scheduled Completion Date :
December 2015
Total Saleable Area :
2.82 lsf
Project Name : Galaxy Vega
Developer Name : Panch Tatva Promoters Private Limited
Star Rating Assigned : NCR 4-Star
+ view details
Project Name :
Galaxy Vega
Month & Year :
Jun/2014
Developer Name :
Panch Tatva Promoters Private Limited
Star Rating Assigned :
NCR 4-Star
Key Features :
Project Type :
Residential Group Housing
Location :
Greater Noida West (Erstwhile Noida Extension)
Start Date :
July 2013
Scheduled Completion Date :
September 2016
Total Saleable Area :
7.97 lsf
Project Name : PARISHKAAR-II (PHASE-I)
Developer Name : Safal Homes
Star Rating Assigned : Withdrawn
+ view details
Project Name :
PARISHKAAR-II (PHASE-I)
Month & Year :
Mar/2014
Developer Name :
Safal Homes
Star Rating Assigned :
Withdrawn
Key Features :
Project Type :
Location :
Start Date :
Scheduled Completion Date :
-
Total Saleable Area :
-
Project Name : Tritvam
Developer Name : TRIF Kochi Projects Private Limited.
Star Rating Assigned : Kochi 7-Star
+ view details
Project Name :
Tritvam
Month & Year :
Feb/2014
Developer Name :
TRIF Kochi Projects Private Limited.
Star Rating Assigned :
Kochi 7-Star
Key Features :
Project Type :
Residential
Location :
Marine Drive
Start Date :
July 2010
Scheduled Completion Date :
June 2015
Total Saleable Area :
1.06 Msf
Project Name : Paarijat Residences
Developer Name : Safal Constructions Private Limited
Star Rating Assigned : Withdrawn
+ view details
Project Name :
Paarijat Residences
Month & Year :
Dec/2013
Developer Name :
Safal Constructions Private Limited
Star Rating Assigned :
Withdrawn
Key Features :
Project Type :
Location :
Start Date :
Scheduled Completion Date :
-
Total Saleable Area :
-
Download Project Brochure
Download Press Release
Prepared by Care Ratings
Download Project Report
Project Name : Ambady’s Green Meadows-Phase (I)
Developer Name : Ambady Tourist Enterprises Pvt Ltd
Star Rating Assigned : Withdrawn
+ view details
Project Name :
Ambady’s Green Meadows-Phase (I)
Month & Year :
Dec/2013
Developer Name :
Ambady Tourist Enterprises Pvt Ltd
Star Rating Assigned :
Withdrawn
Key Features :
Project Type :
Location :
Start Date :
Scheduled Completion Date :
-
Total Saleable Area :
-
Download Project Brochure
Download Press Release
Prepared by Care Ratings
Download Project Report
Project Name : G.K’s Pride-Phase(I)
Developer Name : G.K.ARPL Ventures
Star Rating Assigned : Withdrawn
+ view details
Project Name :
G.K’s Pride-Phase(I)
Month & Year :
Jun/2013
Developer Name :
G.K.ARPL Ventures
Star Rating Assigned :
Withdrawn
Key Features :
Project Type :
Location :
Start Date :
Scheduled Completion Date :
-
Total Saleable Area :
-
Project Name : Sheel Kunj
Developer Name : Indus Valley Promoters Ltd
Star Rating Assigned : Withdrawn
+ view details
Project Name :
Sheel Kunj
Month & Year :
Feb/2013
Developer Name :
Indus Valley Promoters Ltd
Star Rating Assigned :
Withdrawn
Key Features :
Project Type :
Location :
Start Date :
Scheduled Completion Date :
-
Total Saleable Area :
-
Download Project Brochure
Download Press Release
Prepared by Care Ratings
Download Project Report
What is CARE real estate star rating?

The star ratings are awarded to real estate projects based on their quality relative to other real estate projects in the city. These ratings are city-specific and based on the evaluation of projects against their specifications committed to the customers. The ratings are aimed at facilitating customers in taking an informed decision in their real estate purchases

What is the scale for CARE real estate star rating?

The star ratings are assigned on 7- notch scale, with 7-star being the highest star rating and 1-star being the lowest star rating. The projects that are poor in quality are assigned 'non-deliverable' rating. The ratings are prefixed by the city name viz. Pune 4-star.

What are the parameters for CARE real estate star rating?

The parameters that are considered by CARE Ratings for evaluating projects are project construction quality, project legal quality, project financial quality and developer quality.

Apart from residential segment, what are the segments that can be assigned CARE real estate star rating?

The star ratings can be assigned to all kinds of real estate projects – residential, retail, offices, plotted developments, and so on. The star ratings are the most relevant for residential segment as most home- buyers are individuals who may neither have access to sufficient project information at the time of booking nor later, during the project construction. In retail/ office segments, the star ratings provide information to lessees/occupiers on the quality aspects of their occupied property.

How can a low-cost or affordable housing project compete against a luxury project for CARE real estate star rating?

The star rating is not assigned based on the amenities provided in the project. The ratings are based on the fulfillment of commitments given to the buyer in terms of construction quality and timelines, while ensuring legal compliance. Accordingly, even a low-amenities project can get a rating that is superior to that of a luxury project.

At what stage of construction can the CARE real estate star rating be assigned?

The star rating, being the project rating, can be assigned at any stage of the project – from pre-construction to completion. Most developers approach CARE Ratings at the time of project sanction stage to get the exercise done, so that the rating can be announced at the time of project launch. This also gives time to developers to undertake improvements, if any, in the project.

How can the project quality be ascertained by CARE Ratings even before the construction is completed?

The star ratings are arrived at after assessing the inputs, processes and systems of the project. It is not based on the quality audit, which can be assessed only after the construction is completed.

How can a new real estate developer benefit from the star ratings?

CARE star ratings are project- specific and not developer-specific. Hence, a new developer with no track record can also obtain the star rating for its first project. A new developer, with limited marketing budget, can leverage the CARE star ratings through e-mailers, internet marketing, news- letters and property exhibitions.

What kind of information is required to be given by the developer for CARE real estate star rating?

The information requirement largely pertains to land title, regulatory approvals, legal documents, project plans, specifications, various project vendors and other key project information.

How much time does CARE take to complete the grading and how often is it monitored?

The grading process is normally completed within 4 weeks from date of receipt of mandate and complete information. The grading will be kept under surveillance till the completion of the project and can be upgraded or downgraded.

How is CARE real estate star rating different from other forms of ratings availed by real estate projects/ developers?

CARE real estate rating is the non- financial performance-rating, as compared to other forms of rating that are financial in nature. It is the most relevant tool for quality evaluation for the customers, equity investors and banks/NBFCs, unlike credit ratings that are relevant for lenders only.

To Get Your Projects Rated


care@careratings.com

Call Us on +91 22 6754 3456

Testimonials

Ashok Dang, VP-Finance, Parsvnath Developers Ltd.

A good project rating, a very transparent process, from a reputed rating agency like CARE is not only a feather in the cap but also helps in improving the customers confidence in the project. Through the continuous monitoring system, it also put pressures on the developer to maintain the set standards.

Jasmeet Dhamija, Editor in Chief, Property and Wealth Magazine

CARE Real estate star rating is a very transparent rating exercise which evaluates a project on its quality & financial parameters. CARE Real estate star rating helps improve brand image and is source of credible information which a buyer can refer to while making a property purchase.

Mr Manoj Singh, Vice President, Business Development

CARE Star Ratings of projects is a true testimony to the innumerable changes happening in the real estate industry currently. The process is very transparent and unbiased. It will go a long way in helping both investors and customers, alike, to streamline their property search. As for developers, the ratings will add to their projects' USP and also give a brand new identity.