Godrej Properties has signed a partnership pact with Central Bank of India to tap its retail customer base to sell homes in the mid-to-affordable segment.
The customer of the public sector bank, under this agreement, will get loans on cheaper rate by 25-50 basis points as compared to the market lending rate if they buy homes from Godrej Properties. The company has such tie-ups with five other banks as well.
The new tie-up will cover new and existing housing projects of Godrej Properties in the Rs 30-35 lakh range in various markets across the country. At present, the company has housing projects in Mumbai, Ahmedabad, NCR, Kolkata, Nagpur, Chennai and Bangalore.