We often hear of certain property developers getting CRISIL rating.
What is CRISIL Rating? Here is what it actually means.
PA1 (Highest Ability): Highest ability of the developer to
specify and build to agreed quality levels and transfer clear title
within stipulated time schedules.
PA2+ / PA2 (High Ability): Ability to build the project to
specified levels, time schedules and transfer clear title is high.
PA3+ /PA3 (Adequate Ability): Adequate ability to build reasonable
quality levels and time schedules and transfer clear title for the
present.
PA4 (Inadequate Ability): Ability to build to specified quality
levels and adhere to time schedules is inadequate.
PA5 (Inability): Inability of the developer to complete projects
or transfer clear title.
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