🏙️ SBI Makes a Big Move: Buys 200 Mumbai Apartments for ₹294 Cr!
🏙️ SBI Makes a Big Move: Buys 200 Mumbai Apartments for ₹294 Cr!
📢 Big Announcement from SBI!
📢 Big Announcement from SBI!
State Bank of India (SBI) plans to purchase 200 ready-to-move-in 2BHK apartments in the Mumbai Metropolitan Region (MMR).
State Bank of India (SBI) plans to purchase 200 ready-to-move-in 2BHK apartments in the Mumbai Metropolitan Region (MMR).
💸 Deal Size: ₹294 crore (excluding taxes)
💸 Deal Size: ₹294 crore (excluding taxes)
📍 Locations Targeted
📍 Locations Targeted
SBI is focusing on four key clusters:
SBI is focusing on four key clusters:
✅ Central Suburbs: Sion to Ghatkopar
✅ Western Suburbs: Andheri to Borivali
✅ Thane–Kalyan belt
✅ Navi Mumbai: Kharghar to Panvel
✅ Central Suburbs: Sion to Ghatkopar
✅ Western Suburbs: Andheri to Borivali
✅ Thane–Kalyan belt
✅ Navi Mumbai: Kharghar to Panvel
🏠 Property Details
🏠 Property Details
Each apartment must be:
🛏️ 2 BHK
📐 600 sq. ft. (MahaRERA carpet area)
🏗️ Less than 5 years old
✅ With Occupancy Certificate & RERA-registered
🅿️ Comes with car + 2-wheeler parking
Each apartment must be:
🛏️ 2 BHK
📐 600 sq. ft. (MahaRERA carpet area)
🏗️ Less than 5 years old
✅ With Occupancy Certificate & RERA-registered
🅿️ Comes with car + 2-wheeler parking
💼 Who Can Apply?
💼 Who Can Apply?
👷 Only Developers — No Brokers or Intermediaries
📋 Must deliver within 180 days
🔎 Evaluated on construction quality, location, amenities & price
👷 Only Developers — No Brokers or Intermediaries
📋 Must deliver within 180 days
🔎 Evaluated on construction quality, location, amenities & price
💰 Cluster-Wise Budget Allocation
💰 Cluster-Wise Budget Allocation
🏙️ Central Suburbs: ₹84 Cr
🏙️ Western Suburbs: ₹108 Cr
🏙️ Thane–Kalyan: ₹54 Cr
🏙️ Kharghar–Panvel: ₹48 Cr
🅿️ Includes 400 parking spaces!
🏙️ Central Suburbs: ₹84 Cr
🏙️ Western Suburbs: ₹108 Cr
🏙️ Thane–Kalyan: ₹54 Cr
🏙️ Kharghar–Panvel: ₹48 Cr
🅿️ Includes 400 parking spaces!
🕰️ Why Now?
🕰️ Why Now?
Banks like SBI are shifting from building staff homes to buying ready flats due to space constraints.
Banks like SBI are shifting from building staff homes to buying ready flats due to space constraints.
🏦 Other banks like Union Bank, BOB, and LIC Housing Finance have done similar deals recently.
🏦 Other banks like Union Bank, BOB, and LIC Housing Finance have done similar deals recently.
The entire process — from bidding to possession — is expected to wrap up in 6 months from the Letter of Intent.
The entire process — from bidding to possession — is expected to wrap up in 6 months from the Letter of Intent.
📆 Bids floated: Oct 7, 2025
📥 Submissions open now!
📆 Bids floated: Oct 7, 2025
📥 Submissions open now!
🔚 SBI’s Real Estate Push
🔚 SBI’s Real Estate Push
With this ₹294 crore move, SBI is making a major play in Mumbai's housing market—showing how public sector giants are adapting to urban real estate trends.
With this ₹294 crore move, SBI is making a major play in Mumbai's housing market—showing how public sector giants are adapting to urban real estate trends.