Avani Riverside Mall bags the highest 7-Star Rating By CRISIL Real Estate Star Ratings Program

    
CRISIL Real Estate Star Ratings provide city specific all-round assessment of real estate projects and help buyers benchmark and identify quality projects within their city. CRISIL Real Estate Star Ratings address two critical needs in the realty sector: improved transparency and objective benchmarking of projects. Star Ratings is based on an eight-point scale that is specific to the city— from ‘City 7-Star’, the highest, to ‘City 1-Star’, the lowest being 'Non-Deliverable Project'.
 
CRISIL’S STAR RATING ARE BASED ON FOLLOWING PARAMETERS:
 
Project Sponsor Quality
This parameter focuses on the developers' construction and legal track record, and comments on their financial strength and ability to complete the rated project.
 
Project Construction Quality
By providing an 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 statutory 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.
 
AVANI Riverside Mall is one of the very few projects in India, which has secured this highest rating from the prestigious rating house of the country.
 
CRISIL Ltd is a Standard & Poor’s Company. CRISIL's majority shareholder is Standard and Poor's (S&P). Standard & Poor's, a part of McGraw Hill Financial (formerly The McGraw-Hill Companies) (NYSE:MHFI), is the world's foremost provider of credit ratings.
 
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