Mahindra Lifespaces & SBI Sign MoU

Mahindra Lifespaces, the real estate and infrastructure development arm of Mahindra Group, and State Bank of India (SBI), India’s largest home loan lender on January 12 2021 signed a Memorandum of Understanding (MoU) to enable an improved and more seamless experience

BY Realty Plus
Published - Thursday, 14 Jan, 2021

Mahindra Lifespaces, the real estate and infrastructure development arm of Mahindra Group, and State Bank of India (SBI), India’s largest home loan lender on January 12 2021 signed a Memorandum of Understanding (MoU) to enable an improved and more seamless experience for homebuyers across India. As part of the agreement, which includes various co-promotional activities and outreach initiatives, 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. Arvind Subramanian, Managing Director and CEO, Mahindra Lifespace Developers Shreekant, Chief General Manager and Head of the Real Estate vertical of State Bank of India said, “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.”