Certifications
CRISIL RATING
Credit Rating and Information Services of India Ltd. (CRISIL)
( BSE : 500092? ) is India's leading Ratings, . CRISIL pioneered ratings in India more than 20 years ago, and is today the undisputed business leader, with the largest number of rated entities and rating products: CRISIL's rating experience covers more than 24654 entities, including 14,500 small and medium enterprises (SMEs).
CRISIL offers domestic and international customers (IREVNA, international arm and a division of CRISIL handles international customers) with independent information, opinions and solutions related to credit ratings and risk assessment; energy, infrastructure and corporate advisory; research on India's economy , industries and companies; global equity research ; fund services; and risk management .
Introducing Star Ratings :
Star Ratings are based on the quality of the real estate projects as per the agreed specifictions. The ratings will benchmark your real estate project against other projects. The highest rating scale for a project is 7 Star rating.
Parameters for a Star Ratings :
Project Sponsor Quality
• Construction and legal track record
• Organisation strength, systems and processes
• Financial strength
Project Construction Quality
• Structural quality
• Infrastructure
• Technology & design
• Integrated facilities & use of MIS
• After sales service & warranties
• Time and cost overruns
Project Legal Quality
• Clarify of title
• Restrictive convenants
• Encumbrances
• Sale agreement
• Development agreement
Project Financial Quality
• Accounting quality
• Project economics or viability
• Financial flexibility
Project Innovation Quality
• Land acquisition and pricing techniques
• Building design innovation
• Construction technology innovations
• Innovative funding mechanism
Advantages of a Star Rating
Makes a signature statement about a new project
Third party certification helps strengthen corporate branding
Enhances credibility with banks and financial institutions.
Enhances pricing power and PE / IP investors
Showcase your Star Certification
The Star Ratings can be displayed by the developers at the project site, apart from using them in advertisements, hoardings, brochures, e-mailers and visiting cards. CRISIL will also disseminate the ratings on a wider basis through printing, internet and other media
CRISIL may apply “+” (plus) sign for ratings from ‘DA1’ to ‘DA3’ to reflectcomparative standing within the category.
Disclaimer: A CRISIL Real Estate Developer Rating reflects CRISIL's opinion on the developer’s ability to execute real estate projects as per specified quality levels within the stipulated time schedule, and to transfer clean title.
This rating does not constitute an audit by CRISIL of the developer or any project developed by the developer. CRISIL ratings are based on information provided by the developer or obtained by CRISIL from sources it considers reliable.
CRISIL does not guarantee the completeness or accuracy of the information on which the rating is based. A CRISIL rating is not a recommendation to invest in any property developed by the developer, or to lend to the developer or invest in any financial instrument issued by the developer. CRISIL has a practice of keeping all its ratings under surveillance, and ratings are revised as and when circumstances so warrant.
CRISIL is not responsible for any errors and especially states that it has no financial liability whatsoever to the subscribers / users / transmitters / distributors of its ratings.
ISO
An international standard, which is brought out by the International Organisation for Standardisation (ISO). A generic Quality Management System Standard (QMS). It contains the stipulations on best practices in Quality Management.SFS got the the certification - ISO 9001 : 2000 during Sep, 2006 and is in the process of recertification as per ISO 9001 : 2008 new standard.The certifying body of SFS Homes is Buereau Veritas India (P) Ltd.
The Quality policy of SFS Homes is " To provide quality products on time, conforming to the best industry standards, excellent after sales support, with a focus on continual improvement"
IGBC - Indian Green Building council
SFS Grande is the first green building in the capital city to be registered under the Green homes programme
( Reg no: GH081038 ) of the IGBC.
Benefits of Green Homes
Green homes can have tremendous benefits, both tangible and intangible. The most tangible benefits are the reduction in water and energy consumption right from day one of occupancy. The energy savings could range from 20 – 30 % and water savings around 30 – 50%. Intangible benefits of Green homes include enhanced air quality, excellent daylighting, health & wellbeing of the occupants, safety benefits and conservation of scarce national resources.
BAI - Member of Builders Association of India
CREDAI -
Member of Confederation of Real Estate Developers Associations of India (CREDAI), Kerala Chapter
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