A Property Expo will be organised by the State Bank of India from December 11 to 13 at SBI Main Branch as well as its zonal premises with an objective to provide one stop solution for the home seekers by bringing 40 developers/builders of high repute, affiliated to CREDAI, REDA, AFORD and NAREDCO under one roof.
They will showcase their completed and ongoing projects to cater to the needs of the clientele of the market segment. Ranges of completed and ongoing duplex/flats and residential plots etc of different builders/developers will be displayed in the Expo for selection by the prospective home buyers.
The visitors will have the advantage and option to choose from a wide range of houses/flats of different size, make and built up area suitable to their needs and requirement.
In the expo, the main motto of SBI will be to provide single window service by giving in-principle-sanction letters, Pre-Approved loan (PAl), providing easy solution and hand holding support to the problems faced by individual customers in applying/processing of home loans and firsthand information about the home loan and other ultra tech products (SBI Buddy) of the bank.
SBI Chief General Manager, Bhubaneswar Circle BVG Reddy said that in spite of facing challenges like economic slowdown, lack of clear land titles, absence of industry status to real estate sector, shortage of labour and procedural difficulties in Odisha, the SBI has extended finance to the tune of Rs 3,325 crore under Home loan portfolio.