Personal Finance

Godrej Properties ties up with SBI

Our Chennai Bureau | Updated on July 23, 2011 Published on July 23, 2011

Godrej Properties Ltd, the real estate development arm of the Godrej Group, has entered into a memorandum of understanding with State Bank of India to create multiple platforms to make their projects and services available to customers across India and abroad.

Both companies jointly plan on hosting co-promotional activities for customers in India and for NRIs in countries such as the UK, US, and Singapore. These promotional platforms will include seminars, workshops, exhibitions, and road shows. GPL will showcase their sustainable homes while SBI Home Loans will consider offering favorable home loan rates for GPL's residential properties in Ahmedabad and Kolkata. These favourable terms could eventually be extended to other Godrej Properties' residential projects as well.

The release quoting Mr Girish Shah, Vice-President Marketing & Sales, Godrej Properties, said, “We are very excited to associate ourselves with State Bank of India and are looking forward to a long term relationship that will benefit our customers while also expanding our customer base.”

Mr Bhaskar Niyogi, Chief General Manager, SBI, said, “This is a great opportunity for us to work with Godrej Properties Limited. We hope this association proves to be a long lasting relationship and we will work together to fulfil the dreams of thousands of people."

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