Pune, May 2024: Real estate developer Rohan Builders, announced that it continues to
maintain its prestigious DA2+ Developer Grading from CRISIL for the 14 th consecutive
year, placing it among the select few developers in India to accomplish this remarkable
achievement. CRISIL Developer Grading not only considers financial parameters, but
also evaluates operational parameters including management capabilities, timely
delivery and sales & collections.
“At Rohan Builders, our vision extends far beyond the present. We are not just constructing
buildings; we are laying the foundation for an organization that is built to last for decades
to come. To achieve this, we have developed a robust risk management framework that
has held us in good stead even in challenging economic periods such as the 2008 financial
crisis, demonetization in 2016 and the COVID-19 pandemic. The stringent conditions to
earn the CRISIL Grading require strong corporate governance, project management and
execution capability, along with financial prudence. This further helps in ultimately
delivering a great product to our customers in time and with quality,” said Suhas Lunkad,
Chairman & Managing Director, Rohan Builders.
Rohan Builders’ real estate vertical has completed over 65 projects measuring over 15
million sq.ft. across Pune and Bengaluru. It has 7 ongoing projects measuring about 6
million sq.ft. under construction and 4 projects in the pipeline all of which are expected
to get launched by Q2 of this year.
The residential real estate markets of Pune and Bengaluru, in which Rohan Builders
operates, have been robust in terms of new launches and sales over the past few
quarters. The latest real estate researchreport shows inventory levels at 8 and 7 months
respectively in both these cities, the lowest in the past decade, indicating robust
demand. The company expects this momentum to continue at least for the next 3-4
quarters.
Binaifer Jehani, Business Head, MI&A Assessments, CRISIL, said “The grading indicates
that the developer has a ‘Very Good’ ability to execute real estate projects of specified
quality within the stipulated timeand to transfer a clean title.The real estate sector needs
a distinct improvement in transparency to sustain the trust of buyers. Also, selecting the
best property from among the host of projects that have RERA approval continues to be a
challenge for customers. Objective benchmarking and third-party evaluations, along with
self-regulation by developers, can address both these issues. This is where CRISIL’s
Developer Grading comes in, providing a reliable benchmark for evaluating developers'
credentials. The CRISIL grading reflects operational and financial excellence, offering
reassurance to stakeholders.”
About Rohan Builders:
Rohan Builders operates across three key business verticals - Contracting,
Infrastructure, and Real Estate.
Contracting: Rohan Builders has delivered over 164 projects in its Contracting vertical,
72% of which are from repeat multinational clients in FMCG, Auto, Oil & Gas, and
Pharma sectors. Recent ventures include commercial buildings, chimneys, and data
centres, showcasing its robust engineering capabilities.
Infrastructure Development: In infrastructure, it has completed over 800km+ projects
in 3 states, focusing on roads, tunnels, and bridges. Notable projects include the Ghat ki
Guni road and tunnel project in Jaipur and the Amritsar Wagah border road connecting
to Pakistan.
Real Estate Development: The company develops residential projects across Pune &
Bengaluru. The projects are a mix of high-rise apartments, villas, large townships, etc.
About CRISIL:
CRISIL is a leading, agile and innovative global analytics company driven by its mission
of making markets function better. It is India's foremost provider of ratings, data,
research, analytics and solutions with a strong track record of growth, culture of
innovation, and global footprint. It has delivered independent opinions, actionable
insights, and efficient solutions to over 100,000 customers through businesses that
operate from India, the US, the UK, Argentina, Poland, China, Hong Kong, UAE and
Singapore. It is majority owned by S&P Global Inc, a leading provider of transparent and
independent ratings, benchmarks, analytics and data to the capital and commodity
markets worldwide.
For more information, visit www.crisil.com.
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