Credit rating agency, CRISIL has upgraded rating of Samruddhi Realty’s Non Convertible Debentures of Rs 60 crore to ‘BB’ (SO)/ Stable from ‘BB-‘ /Stable. The rating upgrade reflects healthy improvement in the group's business risk profile, driven by steady construction progress and healthy saleability of its ongoing projects, and, the resulting improvement in the group's cash flow visibility over the medium term.
Samruddhi Realty a Bangalore based real estate property developer, had its ambitious beginnings in 2004.