Should you trust project ratings?

Gone were the times when star ratings were limited to hotels and electrical appliances. These days even builders are adhering to this tool to prove the credibility and viability of their projects.

Parameters of ratings

Track Record – The type of projects done previously and timely possession of past projects are some of the main criteria that create a consistent track record for a builder. “A first time buyer should invest with a builder having a good track record so his money remains safe,” says Rajesh Chauhan, an independent advisor.

Construction quality - This includes adjudging the building technology involved, sourcing of raw material and quality of the products used in the projects.

Legality - Clear land title, clearances from authorities and permissions from concerned departments are key points which delay project deliveries. These should be obtained before starting construction.

Customer Service - The way the builder handles its consumer queries and concerns also makes a big difference to his credibility and his brand with the consumers.

Marketing - Project location, buyers’ profile and amenities are judged in this category while rating the project to evaluate how it is received in the market and how fast it will be sold.

Innovation - Things not included in the above parameters are taken into this category, which includes different kind of methodologies used or payment plans offered.

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 About Us

MCHI-THANE has always been very clear that fine housing complexes and shopping malls cannot stand in isolation. A great City is the sum total of great buildings, great infrastructure and great people. MCHI has been committed to growth of the real estate sector and is credited with the harmonious growth and rise in quality and standards of construction in Thane City in the past decade.

Its aim as an Association of Developers has been to seek rational rules and regulations which are uniformly applied across the board as this will to a great extent result in speedy construction, cost reduction, fair pricing and a push for better quality standards at par with the developed world, with a high level of transparency.