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 Energy

17 Dec 2025

Vedanta Aluminium Uses 1.57 bn Units of Green Energy in FY25

Vedanta Aluminium, India’s largest aluminium producer, recently reported consumption of 1.57 billion units of renewable energy in FY25, marking a significant milestone in its 2030 decarbonisation roadmap. The company also achieved an 8.96 per cent reduction in greenhouse gas (GHG) emissions intensity compared to FY21, reinforcing its leadership in India’s low-carbon manufacturing transition. During FY25, Vedanta Aluminium expanded its renewable energy portfolio through long-term power purchase agreements, strengthening its strategy to source nearly 1,500 MW of renewable power over the lon..

Oberoi Group to Develop Luxury Resort at Makaibari Tea Estate

EIH Limited, the flagship company of The Oberoi Group, has announced the signing of a management agreement to develop an Oberoi luxury resort at the iconic Makaibari Tea Estate in Darjeeling. The project marks a key milestone in the Group’s long-term strategy of creating distinctive hospitality experiences in rare and environmentally significant locations. Established in 1859, Makaibari is one of the world’s oldest tea estates and is globally recognised for its Himalayan landscape, primary forests and exceptional biodiversity. Spread across 1,236 acres, the estate houses one of the world�..

GHV Infra Secures Rs 1.09 Bn EPC Order in Jamshedpur

GHV Infra Projects Ltd, a fast-growing EPC company in India’s infrastructure and construction sector, has recently secured a Rs 1.09 billion work order in Jamshedpur, Jharkhand. Awarded by a reputed group entity, the contract covers end-to-end civil construction, mechanical, electrical and plumbing (MEP) systems, along with high-quality finishing works for a large building development. The project will be executed over a 30-month period, with defined benchmarks for quality, safety and timely delivery. The order strengthens GHV Infra’s footprint in Jamshedpur, a key industrial hub known fo..