• News
  • Columns
  • Interviews
  • BW Communities
  • Events
  • BW TV
  • Subscribe to Print
  • Editorial Calendar 19-20
BW Businessworld

SBI And DLF Sign MoU To Ensure Top Class Services For Homebuyers

Undertakes a three-year memorandum of understanding for preferred treatment and ease of convenient transactions for their customers

Photo Credit :


Continuing on their path for establishing important alliances, India’s largest realty major DLF entered into a partnership with the State Bank of India, the largest bank in India. The two organisations signed a memorandum of understanding (MoU) to collaborate on providing quality services to their premium customers and establishing mutual trust amongst their potential customers.

Recently, DLF invested about Rs 3,500 crore to complete construction of almost all of its existing housing projects. With nearly 18.5 million square feet area under construction in various housing projects, the real estate company is targeting to complete about 15-16 million sq ft by end of this year.

This MoU was signed by Alok Kumar Choudhary, chief general manager, SBI, and Aakash Ohri, senior executive director, DLF5.

Under this agreement, SBI has approved several ongoing and future projects of DLF and will also be reaching out to their premium customers and providing them information on the products and services. DLF on the other hand will also communicate the salient features of this MoU to their prospective customers. This agreement will also offer potential customers of both DLF and SBI with a choice of premium products and services by way of specially designed packages, pricing, project tie-ups and loans. Under this agreement, DLF will be organising tours for SBI officials to get familiarised with the various properties in Delhi-NCR.

Commenting on the occasion, Choudhary said, “SBI is one of the largest housing financers in the country. It is a great moment for us to partner with India’s largest real estate developer, DLF, to assist potential homebuyers own their dream home in a prime location. This will also give a boost to the real estate industry by elevating the potential customers to actual home owners which is in line with our aim of contributing to the growth of the country's economy.”

Sharing his thoughts on the MoU, Ohri said, “Our association with SBI is aligned with our endeavour to provide unmatched living experience of global standards right here in Gurugram. It is a matter of great pride and privilege to be considered by SBI, which has been a household name for over two centuries. Each of our properties are unrivalled in terms of high-end residential, commercial, retail and community facilities and we believe that this association with SBI strives to provide ease of convenience to our aspiring residents, while ensuring that all necessary finance related transactions are taken care of seamlessly.”

DLF has nearly 70 years of track record of sustained growth, customer satisfaction, and innovation. The company has 264 million sq ft of development potential with 22.5 million sq ft of projects under construction.

Tags assigned to this article:
DLF Ltd sbi bank memorandum of understanding home buyers