State Bank of India plans bulk acquisition of 200 2BHK flats in Mumbai for ₹294 crore
MINT·2025-10-08 02:12
The State Bank of India (SBI) is planning a significant bulk purchase of 200 ready-to-move-in two-bedroom hall-kitchen (2BHK) flats across the Mumbai Metropolitan Region (MMR) for its staff. This major acquisition is valued at approximately ₹294 crore, excluding statutory taxes.As per the documentation released on 7 October, the lender has issued a tender inviting developers to submit bids for units in four specific property clusters.The bank intends to buy 50 units in each of the identified clusters. For t ...