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India
18 Jul 2017

SBI launches web portal for home buyers

SBI website for buying your dream house

The country's largest commercial bank, State Bank of India, has launched a dedicated portal for home buyers called "SBI Realty".

The portal, which lists several real estate projects and homes, can be accessed at www.sbirealty.in and aims to improve operational ease by allowing users to calculate appropriate loan amount to be borrowed, based on their choice of residence, income, and credit profiles.

In context

SBI website for buying your dream house

Helping customers find their dream house

"This new proposition [SBI Realty] will help customers in identifying their dream house in reliable projects with higher credibility and goodwill in the market," said Rajnish Kumar, Managing Director - NBG, SBI.

Listings

SBI Realty lists over 9.5 lakh home units

SBI Realty will host a massive catalogue, thus allowing users plenty of choice.

It will list homes from over 3,000 SBI approved housing projects in India spread across 13 states and Union Territories. It will list properties across 30 cities, including metros, semi-metros, and towns.

All in all, there are around 9.5 lakh home units listed on SBI Realty.

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Keeping up with the times

"We believe in innovation combined with an emphasis on market research, contemporary architecture, strong project execution and quality construction," added Kumar.

Larger picture

Promoting affordable housing

With the Central government pushing for "Housing for all" by 2022, SBI Realty comes at a peak time.

Allowing users to compare current and past price trends, the website can aid customers find the right home.

The highest demand in housing falls in the price bracket of Rs. 15 lakh to Rs. 60 lakh.

Costly, ready-to-move projects above Rs. 1 crore are listed too.

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