SBI Partners With AddaCorner To Boost The Real Estate Market In Bengaluru By CIOReviewIndia Team

SBI Partners With AddaCorner To Boost The Real Estate Market In Bengaluru

CIOReviewIndia Team | Friday, 21 August 2020, 09:31 IST

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SBI Partners With AddaCorner To Boost The Real Estate Market In BengaluruThe State Bank of India (SBI) announced its Online Home Carnival. It’s in partnership with the country’s First Real-Time Group Negotiation E-Platform – AddaCorner. The vision of this agreement is to boost the real-estate sector in Bengaluru. The Carnival will invite potential home-buyers in virtual platform. The potential home-buyers will be connected directly to the real-estate sellers, where they will get to negotiate on a real-time. The initiative will make sure that the buyers can unlock group pricing and negotiate the best possible deals on the property. Developers will be allowed to close sales in bulk. In addition to this Carnival announcement, AddaCorner came into vicinity officially.

Through this partnership, Carnival will be able to deliver prospective home-buyers the platform for negotiating in groups and reach fair and judicious deals with a high-level of transparency on real-estate in the city of Bengaluru. By utilizing AddaCorner’s platform, Online Home Carnival will get boost for increasing the market expansion and sales. The platform will give potential home-buyers to unlock the best deals without intervention from any third-party and solely based on their strength of Group quorum. The platform enables the potential home-buyers chance to evaluate all information without any hassle and sitting at their home. They can also be able to virtually connect with co-buyers from different walks of life.

The developers partnering for the Carnival and empaneled on the AddaCorner platform include Brigade Group, Purvankara, Shriram Properties, Salarpuria, Assetz, Sumadhura, Sowparnika, DS Max, Mana Infrastructure, DSR Properties, GR Infra, GM Infinite, Keya Homes, Vajram, and Incor Infrastructure.

Abhijit Majumder, CGM, SBI, sharing his thoughts, said, “India going through a tough time. However, post-lockdown, the movement trends in the home loan market is evident, and the steep cut has brought interest rate on home loans to their lowest. This is an exciting news for buyers. There are options for reduced EMIs and top-up loan at lower interest rates. We are privileged to be associated with you in realizing your dreams and be a part of 30 lakh satisfied families. We have always been known for our values -Trust, Transparency, Integrity and Excellence.”

Sumit Srivastava, Co-Founder, AddaCorner, said, “We are believers of team strength over an individual’s and it is foremost important in times of negotiations. 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.”

About State Bank of India

State Bank of India (SBI) is a premier banking institution and the country’s largest commercial bank in terms of assets, deposits, branches, number of customers and employees. SBI is the largest mortgage lenders for home loans in India, where 30+ lakh families achieved dreams of owning a home. Customer get Wide Product Range, Interest Calculation on Daily Reducing Balance, Overdraft Facility available, Low Interest Rates, Low Processing Fees, No Hidden Costs and No Pre-payment penalty.

About AddaCorner:

A Real-Time Group Negotiation platform, and first of its kind in India for all thoughtful purchases like home, car, bikes, holidays or even Medical tourism. AddaCorner uses technology to aggregate buyers from different walks of life with common buying need to come together and form a team. AddaCorner then connects the team directly to negotiate with the seller to chalk their purchase. This brings in lot of transparency and ensure fair and equal pricing for all buyers. Patent is applied for this technology.

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