SBI partners with AddaCorner to Boost the Real Estate Market in Bengaluru

SBI partners with AddaCorner to Boost the Real Estate Market in Bengaluru

State Bank of India (SBI) unveils its Online Home Carnival, in partnership with India’s First Real-Time Group Negotiation E-Platform: AddaCorner. With the aim of boosting the real estate sector in Bengaluru, the Carnival will invite all prospective Home-buyers, to virtually come together as a group to team up and directly connect and negotiate with empaneled real estate sellers, on real time basis. This will ensure that buyers are able to unlock group pricings and negotiate the best deal on the property while allowing developers to close sales in bulk. Along with the announcement of the Carnival, AddaCorner was officially launched.

By partnering with the revolutionary socio-tech platform like AddaCorner, this carnival will provide prospective Home-buyers with a platform to negotiate in groups and attain fair and judicious deals with high level of transparency on real-estate in Bengaluru. The Online Home Carnival utilizing AddaCorner’s platform will surely provide a boost to help reinforce the market and increase sales. More importantly, with this platform, prospective Home buyers will be able to unlock the best deals directly without any intermediary owing to the strength of Group quorum. The platform will enable prospective buyers to evaluate all information at ease and at comfort of home and also team-up virtually with co-buyers from different walks of life.  

Developers that have been partnered with for the Carnival and empaneled on the AddaCorner platform are:

1. Brigade Group

2. Purvankara

3. Shriram Properties

4. Salarpuria

5. Assetz

6. Sumadhura

7. Sowparnika

9. DS Max

10. Mana Infrastructure

12. DSR Properties

12. GR Infra

13. GM Infinite

14. Keya Homes

15. Vajram

8. Incor Infrastructure

Speaking on the announcement, Mr. Abhijit Majumder, CGM, SBI, said “ The entire Country is going through one of its toughest times it has ever come across. After easing of lockdown, the trends of movement in the Home loan market is evident. The steep cut has brought interest rate on home loans to their lowest.

It’s definitely good news for those chasing a life goal to own a house more so for those waiting for the right time to take a home. Options of reduced EMIs and options of availing a Top up loan also available at lower interest rates. We would be privileged to be associated with you in realizing your dreams and be a part of 30 lakh satisfied families.

We have always known for our values -Trust, Transparency, Integrity and Excellence”

Mr. Sumit Srivastava, Co-Founder, AddaCorner, said “We believe in the strength of a team and the power of unity over an individual, particularly when it comes to negotiating a purchase. This belief was what led us to create a platform where a group of like-minded buyers can come together and negotiate for the best price on any product, be it real estate, technology, or even automobiles as these dealings are independent of any intermediaries.

Our partnership with SBI for this ‘one of a kind’ carnival will provide a platform for prospective home buyers to collectively negotiate with developers in a unique and effective way. This will ensure Fair and Equal pricing for all home buyers, which will surely be the best. SBI empowering prospective Home Buyers with this unique carnival will surely revolutionize the way home buying happens today.  Our platform aids the user to unlock FAIR,  HONEST and most importantly EQUAL pricing owing to Group representation whilst also helping the developer close on sales in bulk during these difficult times.”

Source: Press Release