Realty firm Mahindra Lifespace Developers Ltd on Tuesday said it has signed an MoU with SBI for faster home loan approvals as well as to offer special discount.
The MoU was signed by Mr. Arvind Subramanian, Managing Director and CEO, Mahindra Lifespaces and,
Mr. Shreekant, Chief General Manager and Head of the Real Estate vertical of State Bank of India.
About Mahindra Lifespaces
Established in 1994, Mahindra Lifespace Developers is the real estate and infrastructure development business of the USD 19.4 billion Mahindra Group.
The company’s development footprint spans 25.1 million sq ft of completed, ongoing and forthcoming residential projects across seven Indian cities. ET
Benefit
customers and employees of SBI and Mahindra Lifespaces will be able to avail the benefits of faster home loan processing and approvals, and special discounts and schemes.
Comment from Mahindra Lifespaces
Mr. Arvind Subramanian, Managing Director and CEO , “We are delighted to partner with State Bank of India to make Mahindra homes more conveniently accessible to customers and employees of both companies.
Our partnership is aligned to our joint goal of enabling home ownership and boosting customer confidence through innovatively designed, green-certified homes and accelerated credit delivery.” India Education Diary
Comment from SBI
Mr. Shreekant, Chief General Manager and Head of the Real Estate vertical, “State Bank of India has already approved Mahindra Lifespaces projects across MMR, Bengaluru, Pune, Chennai and Nagpur.
With this partnership, homebuyers stand to benefit by saving on the expenses incurred on obtaining TIR (Title Investigation Report) and valuation, for approved projects.
A shorter turn-around-time on sanctioning of such loans is one of our key USPs.” India Education Diary
Press the Bell Icon for notifications of all updates
