Godrej Properties inks partnership pact with Central Bank of India

04 Mar 2013 Evaluate

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.

 

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