Mahindra-SBI JV for quicker loan delivery

The renowned real estate player of the country, Mahindra Lifespace Developers has recently formed partnership with State Bank of India (SBI) to set up a platform for providing quicker and convenient financing of home purchases across the country. Mahindra Lifespace Developers Ltd. currently has projects in Mumbai Metropolitan Region (Mumbai, Thane, Palghar, Alibaug and Boisar), Pune, Nagpur, Ahmedabad, Nashik, the National Capital Region (New Delhi, Gurgaon and Faridabad), Jaipur, Hyderabad, Bengaluru, and Chennai. As part of the MoU, the two companies will collaborate to provide exclusive home ownership solutions for customers. The tie-up with SBI will bolster its ongoing efforts to ease the home buying process for customers, and is closely aligned to SBI's mission to create products and services that will help intending home buyers achieve their goals, Managing Director, Mahindra Life Spaces, Anita Arjundas said, adding that both the players together will give a unique platform to harness the synergies of their reputed brands.