Can grading real estate projects, developers help homebuyers?
Grading will help bridge trust deficit with customers
The system will help buyers make informed decisions
Uttar Pradesh Real Estate Regulatory Authority (UP Rera) is expected to start grading projects and developers based on parameters such as financial quality, organizational structure and certifications, track record, compliance adherence and customer feedback. Crisil Ltd has been appointed as a consultant for setting up a system and assigning the grades, according to specific parameters. Based on how a developer performs against the set parameters, grading would be done on a scale of one to five, one being the lowest. Ashwini Kumar Sharma asked experts whether this initiative will help homebuyers.