Shapoorji Pallonji RE partners with SBI

Shapoorji Pallonji Real Estate and State Bank of India (SBI) signed a Memorandum of Understanding (MoU) recently.

As part of the agreement, customers of Shapoorji Pallonji Real Estate and SBI will be able to avail the benefits of faster home loan processing and approvals, and other unique value-add schemes, said a press release.

The MoU was signed by Venkatesh Gopalkrishnan (CEO, Shapoorji Pallonji Real Estate) and Shreekant, Head and Chief General Manager of Real Estate & Housing Business Unit (REHBU) vertical of State Bank of India.

Gopalkrishnan said, “We are delighted to partner with State Bank of India to offer specially designed products to the customers serviced by both the companies. For homebuyers it would mean more choice to avail innovative offerings, including faster approvals while buying homes with us. The new tie-up will cover our existing housing projects across key markets.”

Shreekant said, “This collaboration with Shapoorji Pallonji Real Estate will create win-win business opportunities for all stakeholders. We sanction home loan in five days in all our approved projects, which is the key benefit for the customers apart from completely waiver of legal and valuation charges.”