Reported by Sandeep Pattnaik
Bhubaneswar, Jan 15 :
Leading public sector bank State Bank of India is organizing its third edition of property exhibition ‘SBI Property Xpo’ on January 18 and 19 at its Main Branch campus here at Unit-I, officials of the bank said.
The two-day long event will witness the participation of around 30 renowned builders showcasing their SBI-approved projects, the official said.
SBI Property Xpo is backed by the State Bank of India, the popular banker for customers across varied segments. The event would be showcasing a wide range of SBI approved property options on display with easily available finances from the SBI itself.
Like the earlier two editions of the Expo, this time too, on the spot in-principle sanction of the SBI approved properties, concession on margin and processing charges, low interest rate loans, no prepayment / foreclosure penalties will be the major attractions of the event, the officials said.
SBI had organized the second edition of the property Expo at its local head office(LHO) on October 20 and 21 last year.
With the real estate market surging like never before, notwithstanding the slowdown beating the high-end housing market, it is being touted as the safest investment sector. A lot of people today are becoming more aware of and inclined towards property exhibitions, which are a one-stop destination for them to find answers to their queries relating to the estate market.
“All the properties to be displayed in the Expo are approved by SBI, which means that they are litigation-free and risk-free. So, a buyer does not have to think twice before he makes a choice,” an official working in the SBI home loan division said to OST.
Odisha buyers have enough appetite for low-to-mid end housing segment -price ranging between Rs 10 to 25 lakhs)- and may be extended to Rs 30 lakh plus range also, the official revealed to OST adding, “The high-end housing loan market has not yet seen the required volume yet in the state.”