CRISIL awards 5 star rating to the Patria Project in Rajkot, Gujarat
CRISIL is a global analytical company which provides ratings, research and risk and policy advisory services. Rajkot’s real estate sector is witnessing a new trend with CRISIL entering the market and rating real time projects. They have rated one project in Rajkot with 5 stars. CRISIL has been rating projects all across India in metros and tier 2 cities like Bengaluru, Chennai, Coimbatore, Hyderabad, Kochi, Kolkata, Mumbai, Pune, Trivandrum, and Visakhapatnam.
In Gujarat, they have already rated real estate projects in Ahmedabad and Baroda. ‘’Patria’’, a residential real estate project, which is coming up in city’s prime location known as ‘Govindbhai ni Vadi’ near airport, is awarded a 5 star rating by CRISIL. Mihir Maniar, one of the developers of Patria mentioned that they hired the CRISIL for the assessment and in Saurashtra this is the first instance where CRISIL got a chance to evaluate a project.
Maniar mentioned that this highly luxurious apartments of 2 and 3 BHK project ‘’Patria’’ will be completed within the next 6 months.
Dnyanesh Nandurkar, the regional head of the real estate ratings of CRISIL mentioned that their real estate star ratings provide city specific all-round assessment of real estate projects. This rating helps the buyers in their decision making process as they are able to evaluate the project against the set benchmark and quality standards. He also mentioned that their firm is hopeful to get an opportunity to evaluate more projects in Rajkot.
Source- The Times of India
