INVC NEWS
New Delhi,
Continuing on their path for establishing important alliances, India’s largest realty major DLF entered into a partnership with SBI, the largest bank in India. The two organizations 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 INR.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 Mr. Alok Kumar Choudhary, Chief General Manager, SBI and Mr. Aakash Ohri, Senior Executive Director, DLF5. The MoU was signed in the presence of Mr. B Sankar, General Manager, SBI, Delhi Circle, Ms. Usha Gautam, Deputy General Manager (Real Estate), SBI, Delhi Circle, Mr. A.K. Sabharwal, Assistant General Manager (Real Estate) SBI, Delhi Circle, Mr. Harinder Dhillon, Vice President Sales, DLF, Mr. Nikhil Jaitly, Vice President, The Camellias, DLF5, Mr. Vikram Singh Gill, Vice President, The Crest, DLF5 and Pallavi Mohan, General Manager, Marketing and PR, 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 organizing tours for SBI officials to get familiarized with the various properties in Delhi-NCR.
Commenting on the occasion, Mr. Alok Kumar Choudhary, Chief General Manager, SBI 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 home buyers 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 signing, Mr. Aakash Ohri, Senior Executive Director, DLF5, 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 a heritage organization such as SBI which has been a household name for over two centuries and is considered to be in highest echelon of the banking world. An organization to reckon with, being associated with them is no mean feat. Additionally, collaborating with a premier banking institution such as SBI is in keeping with the superior experience we wish to offer to our customers. 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 as our banking partners 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.
