Tuesday 4 June 2024

Rohan Builders Maintains CRISIL DA2+ Gradingfor 14 Consecutive Years, Demonstrating Financial Stability and Operational Excellence

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


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.


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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