Raheja Universal's Three-Star CRISIL Rating
Raheja Universal Ltd has been rated three stars on the scale by CRISIL. This implies that the company's proposed issue of Rs. 864 cr. is an average proposal compared to other listed ones.
Massive Development Plans for Mumbai
Mumbai is set to receive around 70 million sq ft of developed area from Raheja Universal. Out of this, 26 million sq ft will cater to the commercial segment, while 44 million sq ft will be dedicated to the residential segment.
Strong Market Position
The three stars awarded by CRISIL to the company reflect its strong position in the real estate business in Mumbai. Thanks to its good execution track record and high-quality construction, it has maintained its image as a reputable brand. This brand name has enabled the company to command premium prices over its competitors.
Wide Land Holdings
In addition to its strong market position, Raheja Universal owns an area of 1,202 acres spread across eight Indian cities.