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SBI, CREDAI sign MOU towards development of Real Estate Sector

ANI  |  New Delhi [India] 

The of (SBI) and the Confederation of Real Estate Developers' Associations of (CREDAI) on Wednesday inked a Memorandum of Understanding (MOU) to jointly conduct various initiatives towards the development of the Real Estate Sector for a period of three years.

and CREDAI have a common objective of providing housing for all.

Each of them will leverage their individual strengths and collaborate in areas which will be beneficial to the sector and the consumers at large.

The MOU was exchanged between Rajnish Kumar, Managing Director and Geetambar Anand, President CREDAI at the CREDAI National Conclave held in on March 6 and March 7.

Union Minister was also present for the occasion.

will be a national partner for all CREDAI activities.

and CREDAI will jointly work together for various marketing activities like conclaves, seminars, exhibitions, campaigns and Corporate Social Responsibility (CSR) activities as well.

Speaking on the occasion, Rajnish Kumar, MD (NBG), said, "CREDAI is the largest Real Estate association in the country with over 11,500 members. We at are extremely glad to collaborate with them and carry out joint activities. We see a lot of synergies in working with CREDAI. Both of us have a common objective of making every Indian own a Home of their own. "

"The CREDAI MOU is meant to mobilize the credibility of CREDAI members and the reach of the largest in to cater to both home loans and construction finance requirements of the real estate sector. We believe that availability of finance at lower rates would help fulfill CREDAI's objective of making housing more affordable," added Geetambar Anand, President CREDAI.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, March 16 2017. 02:55 IST