• Get Project star rating for your real estate project from the rating agencies !

    Project Rating

  • Invest in Real estate, pay 20% now and balance amount after posession of your flat

    Real Estate

  • Builder finance at a very attractive rates !

    Builder Funding

Project Rating

GRADING OF REAL ESTATE DEVELOPERS AND PROJECTS :

Rating Companies service of Grading of Real Estate Developers and Projects, by providing an independent opinion on the relative performance capability of real estate development entities, seeks to serve as a tool for identifying and managing the risks associated with the entities concerned. For the investor (buyer of property), the Gradings communicate the risks associated with the developer’s ability to deliver in accordance with the terms, quality parameters, and time stipulated. For developers, the Gradings, by providing a scientific assessment of their abilities and risk profiles, serve to assist them in presenting their case to lenders.

Grading Scale for Real Estate Developers:

Rating company Grading Symbols for the Real Estate Projects:

Rating company grades real estate projects on an eight-point scale from "Seven-Star" through to "One-Star" and finally "Weak", with "Seven-Star" being the highest grade and "Weak" the lowest. An assigned real estate grade is an evaluation of the prospects of successful implementation of the real estate project concerned and transfer of ownership in accordance with the agreed terms on a relative scale. The grade assigned is specific to the city/area in which the project is being developed, and the name of the city/area is prefixed to the grade assigned

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. Real Estate Star Ratings address two critical needs in the realty sector: improved transparency and objective benchmarking of projects.


The key factors evaluated in the Star Ratings process are


Corporate Realty Finance

Corporate & Realty Finance (CRF) offers financial assistance to Developers and Builders in the Residential, Commercial and IT sectors. CRF is present pan India comprising all metros and few of the non-metros. We share a healthy relationship with Developers across the country. The focus is primarily on financing Residential projects which gives fillip to retail mortgages business.


Product offerings:

Construction Finance

Construction finance helps to finance the developers/ builders for the project acquisition and construction cost. The major project related parameters are:

Construction Finance cum Lease Rental Discounting ("CF cum LRD")

CF cum LRD loans are offered to developers who are constructing commercial property and the same is to be leased out on completion. Amount of loans is determined by discounted value of future rent cash flows. Loan is disbursed linked to progress of project and amortization starts post completion.

Lease Rental Discounting ("LRD")

CRF also undertakes LRD proposals for completed projects of large quantum. CF cum LRD & LRD proposals would have a floating rate pricing linked HFC Prime Lending Rate with a monthly reset. HFC would offer differential pricing during construction period and after project completion or lease tie up. The typical tenure of these loans are 6 to 9 year depending on Developer, Project and lease tie up arrangement.

Construction Finance

Construction finance helps to finance the developers/ builders for the project acquisition and construction cost. The major project related parameters are:


Property Buying Check for Real Estate

Checklist

Affordability check

1

Check for payments that you may have to make like brokerage, society fees, security deposit, maintainence fee etc.

2

Account for additional work that you may have to get done once you move in for example wood work, lighting etc.

3

Look for any preferential location charges that you may have to pay.

Location check

1

Check proximity from work place and civic amenities.

2

Check building byelaws applicable in the area. Ensure that the builder is building without any violations.

3

Check for specifications as mentioned in agreement to sell/sale brochure to compare with what is being offered in reality.

Property check

1

Check the quality of construction. Check for cracks, paint peeling off etc.

2

Check water supply facility as well as fire fighting systems installed in the building. Also check the lifts and other security systems that are installed.

3

Check if the property is leasehold or freehold. Prefer buying freehold properties.

Builder/developer check

1

Talk to the neighbours in the locality and seek information on problems they might be experiencing and verify claims made by the developer.

2

Buy from an established developer with an unblemished record.

3

Look for quality certifications that builders posess, project ratings done by Credit Rating Agency.

Paperwork check

1

Always ask for commencement, completion & occupation certificates from local municipality. Incase of re-sale properties, check for payments made in full for water, electricity and obtain documents in original.

2

While buying property from a developer, check if he is the absolute owner or holds a registered power of attorney to sell the property.

3

Check clarity in title. Incase of any difficulty, obtain a certified copy from the local sub-registrar's office.

Real Estate Offers