Credit rating agency CRISIL has started grading real estate valuers with the very first grading announced for a Mumbai based valuer.
The grading of real estate valuers is expected to facilitate benchmarking for the valuers and also help banks, housing finance companies, real estate mutual funds, select real estate valuers for specific valuation assignments.
The company today said that it has assigned 'Grade 3' to BDO Haribhakti Consulting, which reflects that the valuer's ability to provide fair property valuations is 'good'.
CRISIL considers parameters like management quality, organisation structure, organisation system and financial strength before grading the valuers, it said in a press release issued here.
Times of India