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Mahindra Lifespaces and State Bank of India sign MoU

Tuesday, 12 Jan 2021
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Mahindra Lifespaces, the real estate and infrastructure development arm of  Mahindra Group, and the State Bank of India (SBI) have 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, special discounts and schemes.

The 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 expenses incurred on obtaining Title Investigation Report (TIR) and valuation for approved projects.  

Mahindra Lifespaces’ development footprint spans 25.1 million sq ft (2.3  million sq mtr) of completed, ongoing and forthcoming residential projects  across seven Indian cities; and over 5,000 acre of ongoing and forthcoming projects under development/management at its integrated developments/ industrial clusters across four locations.

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