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Crisil enters into Rajkot’ real estate sector

Comments Off on Crisil enters into Rajkot’ real estate sector   |   June 7, 2014    04:57am   |Contributed by Indian Realty News

RAJKOT: Credit rating firm Crisil has entered into Rajkot’s real estate sector and rated one real project in the city with giving 5 stars. Crisil has rated real estate projects across various cities in India including Bengaluru, Chennai, Coimbatore, Hyderabad, Kochi, Kolkata, Mumbai, Pune, Trivandrum, and Visakhapatnam. In Gujarat, it rates real estate projects in Ahmedabad and Baroda.

Patria, a residential real estate project, coming up in city’s prime location known as ‘Govindbhai ni Vadi’ near airport, has been rated with 5 stars by Crisil.

“We have hired the Crisil for the assessment and this is the first time in the real estate sector the Saurashtra where any project went to rating. It might inspire others to go for real estate rating for their projects” said Mihir Maniar, one of the developers of Patria.

Patria is highly luxurious apartments of 2 and 3 BHK project. Maniar said that the project will complete within the next six months.

“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. We are also in touch with other new projects in Rajkot for their real estate ratings” said Dnyanesh Nandurkar, regional head, real estate ratings, Crisil ratings.

“Real estate star ratings provide a comprehensive, independent assessment of real estate projects in the city. It improves transparency and objective benchmarking of projects,” he added.

Source: TOI

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