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Odisha: State Bank of India to give Rs 500 cr worth home loans in state

Posted on Dec 16, 2015
Bhubaneswar: State Bank of India (SBI) has set a target to advance Rs 500 crore home loans in 2015-16 in Odisha, said a senior bank official.

"As on November end, the bank has already extended Rs 280 crore home loans. We expect to close the year with Rs 500 crore advances to the sector", BVG Reddy, Chief general manager, SBI (Bhubaneswar circle) told media persons.

The public sector lender had advanced home loans worth Rs 400 crore in 2014-15. The NPA (non-performing asset) rate for the sector in the state hovers around one to two per cent. SBI has extended finance to the tune of Rs 3325 crore under home loan portfolio as on date.

SBI is organizing a property expo 'Utsav -2015' at Bhubaneswar from December 11-13.

About 40 developers and builders affiliated to Confederation of Real Estate Developers Associations of India (Credai), Real Estate Developers Association of Odisha, Association For Odisha Real Estate Developers, National Real Estate Development Council (NAREDCO) are likely to participate in the event.

As many as 200 housing units were booked in last year's expo and loans to the tune of Rs 30-40 crore were sanctioned.
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Four growth corridors drive residential development in Bhubaneswar

Posted on Oct 17, 2013
Bhubaneswar30 per cent buyers in the city are for 3BHK units with sizes ranging between1400-1600 sq ft, says Ashish Garg, director, Mani Tirumala Projects Ltd in discussion with Rishab Jain, Bureau. Excerpts from the interview: RBI has increased the Repo rate by 25bps to 7.5 per cent. Do you see any impact of this on the real estate ...
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Tata Housing forays in Odisha with Ariana

Posted on Mar 15, 2013
Real estate major Tata Housing Development Company today announced the launch of Ariana, Bhubaneswar's first integrated residential complex at Shankarpur. "Over the last few years, real estate as an industry has gained momentum across Odisha with improvements in infrastructure like the new international airport here," said Managing Director and CEO ...
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