UP-RERA Appoints CRISIL To Grade Builders

The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has appointed CRISIL for setting up of a system for grading of developers and projects in measurable parameters. UP-RERA, after inputs from development authorities, industrial development authorities, home buyers associations, promoters associations and other stakeholders, in consultation with CRISIL has designed a grading framework for the projects registered in RERA and the promoters. The proposed grading framework has been made available for feedback by the stakeholders by May 13,