SBI, Shapoorji sign MoU for faster home loan processing

01 Mar 2021 CW Team

State Bank of India (SBI) and Shapoorji Pallonji Real Estate signed a Memorandum of Understanding (MoU) to enable faster processing of home loans, approvals and to provide other benefits.

The MoU was signed by Venkatesh Gopalkrishnan, CEO, Shapoorji Pallonji Real Estate and Shreekant, head and Chief General Manager of Real Estate and Housing Business Unit (REHBU) segment of State Bank of India.

As part of the agreement, SBI customers and Shapoorji Pallonji Real Estate will be able to avail the benefits of faster processing of home loans and approvals along with other unique value added schemes.

4th Indian Cement Review Conference 2021

17-18 March

Click for event info

SBI will roll out a retail loan management system (RLMS), a technological platform providing an end-to-end solution for home loans, as early as March 2021 to ease the loan process and reduce the turnaround time.

Shapoorji Pallonji Real Estate said the tie-up would cover the new and existing housing projects across key markets.

Earlier, SBI had said it is looking at more builder tie-ups to reduce the turnaround time for approving home loans to five days as against 12 days.

SBI is the only bank, designated by the Ministry of housing and urban affairs (MoHUA) as the Central Nodal Agency (CNA) for processing Pradhan Mantri Awaas Yojana (PMAY) subsidy. To support the government's flagship programme of Housing for all. The bank has been lending home loans under PMAY and has so far sanctioned 194,582 home loans under the scheme, as of December 2020.

Image Source

Also read: Shapoorji Pallonji sells over 600 flats worth Rs 400 cr in Pune

Also read: Shapoorji Pallonji lowest bidder in Central Vista segment

Infrastructure Urban

17 Sep 2025

DCPC Prepares for Special Campaign 5.0 with Focus on E-Waste

The Department of Chemicals and Petrochemicals (DCPC), Ministry of Chemicals and Fertilisers, is gearing up for Special Campaign 5.0, to be held from 2nd to 31st October 2025. The initiative will focus on e-waste disposal as per MoEFCC’s E-Waste Management Rules 2022, space optimisation, and enhancing workplace efficiency across field offices.Special Campaign 4.0, conducted between October 2023 and October 2024, delivered notable results in record management, grievance redressal, scrap disposal, and cleanliness drives.Key outcomes of Special Campaign 4.0Records management: 2,443 physical fil..

BlackRock India Leases 1.4 Lakh Sq Ft in Bengaluru

BlackRock Services India, the domestic arm of global asset manager BlackRock, has leased 1.4 lakh sq ft of office space at IndiQube Symphony in Bengaluru, according to Propstack data. The 10-year deal is valued at around Rs 4.10 billion.The lease, among the largest transactions in India’s co-working sector, highlights the growing preference of global institutions for flexible office providers. The agreement, commencing October 1, 2025, covers ground plus five floors in KNG Tower 1 at Ashoknagar, MG Road — one of Bengaluru’s prime commercial hubs.As per the lease document, BlackRock will ..

L&T Bags Rs 25–50 Bn Order for Mumbai-Ahmedabad Bullet Train Track Works

Larsen & Toubro’s (L&T) Transportation Infrastructure business has secured an order valued between Rs 25 crore and Rs 50 billion from the National High Speed Rail Corporation Limited (NHSRCL) for the Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor.The contract, Package T1, involves the design, supply, construction, testing, and commissioning of 156 route km of high-speed ballastless track on a Design-Build Lump Sum Price basis. The stretch runs from Mumbai’s Bandra-Kurla Complex to Zaroli village in Gujarat and includes 21 km of underground track and 135 km of elevated viaduct.Se..