Godrej Properties, the real estate arm of Godrej Group, has entered into a memorandum

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of understanding (MOU) with State Bank of India (SBI) to create multiple platforms to make their projects and services available to customers across India and abroad.

Under the pact, both the companies plan to host various co-promotional activities for customers in India as well as for non-resident Indians in countries like the UK, US, and Singapore, the company said in a statement issued here.

"We are very excited to associate ourselves with State Bank of India and are looking forward to a long term relationship that will benefit our customers while also expanding our customer base," Godrej Properties (GPL) Vice President (Marketing and Sales) Girish Shah said.

GPL will showcase their sustainable homes while SBI Home Loans will consider offering favourable home loan rates for its residential properties located in Ahmedabad and Kolkata on promotional platforms, which will include seminars, workshops, exhibitions, and road shows, the release said.

These favourable terms could eventually be extended to other GPL's residential projects as well, it added.

"This is a great opportunity for us to work with Godrej Properties. We hope this association proves to be a long lasting relationship and we will work together to fulfil the dreams of thousands of people," SBI's Chief General Manager Bhaskar Niyogi said.