National Developer Grading
National Developer Gradings indicates Crisil's opinion on the developer's track record of executing projects as per the specified quality standards, and on the developer's ability to transfer a clear title within the stipulated schedule.
Benefits of the grading
For real estate developers
- Command premium
- Provide assurance to investors
- Easy access to low cost capital
For customers and investors
- Assurance of developer's good track record of transfer of clean title and timely project completion
- Safety of booking advance
For banking, financial, and lending institutions
- Independent third-party opinion on developer's performance and ability
For regulators
- Orderly development of the sector
- Self-regulating framework
- Incentive for developers to maintain legal and construction standards