Tuesday, April 15, 2014

CREDAI SBI Realty Expo & Home Loan Utsav 26th-27th April

CREDAI SBI Realty Expo & Home Loan Utsav
State Bank of India, the country’s largest bank is associating  with CREDAI (Confederation of Real Estate Developers Association of India) for organizing “CREDAI SBI REALTY EXPOSITION 2014”   a  two day Realty Expo on the 26th & 27th April 2014 wherein more than 100 reputed builders all over Karnataka, who are members of CREDAI (Karnataka), are displaying their ongoing projects. The exposition will be held at the Local Head Office Campus of SBI at St. Mark’s Road, Bangalore. The event will be inaugurated at 4.30 pm on 25.04.2014 by SBI Chairman Smt. Arundhati Bhattacharya.  The exposition will be open to public on 26th & 27th April 2014 from 10.30 am to 8.00 pm.

Speaking on the occasion Mr. Ashwini Mehra, CGM, SBI said “State Bank of India is the Largest Home Loan provider and CREDAI is the largest real estate trade body. SBI's home loan portfolio has crossed over Rs.1.40 lakh crore as at the end of March 2014.  Out of which, in Karnataka (Bangalore Circle, covering 680 branches across Karnataka) has crossed over Rs. 14800/- Crore in Home Loans. Bangalore metro, in particular,  has contributed for Rs. 10,865 Cr .In the state of Karnataka, SBI has 8 dedicated Centralised Loan Processing Cells for expeditious  handling of Home Loan requests; 4 of these centres are in Bangalore City.  The Bank has been voted as the most preferred home loan provider. SBI has a bouquet of home loan products which meets the need of all the Home Loan aspirants. SBI’s unique product “SBI Yuva” ( for persons between 21 and 45 years), provides 20% higher loan amount than that of normal Home Loan eligibility to Salaried employees of Private Sector Companies/MNCs/Government Undertakings/PSUs & the Government employees with a  maximum repayment period of 30 years.  Secondly, the Maxgain product enables the borrower to save substantially on interest burden as it can be operated like a overdraft account. The borrowers can park their surplus funds in Maxgain account and draw as and when required; thus there will be a saving on interest. The customer gets a cheque book on this account and can access the account through Internet Banking facility. SBI also takes over Home Loans from lenders for individuals desirous of availing the Bank’s competitive rates & special schemes.”

Speaking on the occasion Mr. Anil Nayak, CEO, CREDAI Karnataka said “ CREDAI got 9 functional chapter, Apart from Bangalore developers we have 15 to 20 developers  participating from other districts. We have noticed great success in Bangalore Realty Expo, we are sure that we will be succes in this event also”.

The two day event is a whole some family entertainer with Food Court, Magic show and Play area for children.  Prospective buyers of residential apartments and villas get a glimpse of more than 25,000 properties of the builders across Karnataka, at one place enabling them to take an informed decision. State Bank of India will provide on the spot in-principle approval for the prospective buyers.