SBI Real Estate Project
The State Bank of India in a recent development has decided to build real estate project on a land parcel it has recently purchased from Air India at an investment worth Rs. 90cr. In this connection, the country's giant banker has already secured necessary approvals to buy residential properties of cash-starved national carrier and is constructing residential accommodations to be allotted to its own staff. The property, which is located in the upmarket area at Peddar Road in south Mumbai, has been disposed off by the cash starved national carrier and that the SBI has recently floated bids for the construction of four 3-BHK flats each with 2,033 sq ft carpet area.