This SBI Online Home Carnival will be powered by AddaCorner, India’s First Real Time Group Negotiation E- Platform.

BENGALURU, AUGUST 21, 2020 (GPN): State Bank of India (SBI) unveils its Online Home Carnival, in partnership with India’s First Real-Time Group Negotiation E-Platform: AddaCorner. With the aim of boosting the real estate sector in Bengaluru, the Carnival will invite all prospective Home-buyers, to virtually come together as a group to team up and directly connect and negotiate with empaneled real estate sellers, on real-time basis. This will ensure that buyers are able to unlock group pricings and negotiate the best deal on the property while allowing developers to close sales in bulk. Along with the announcement of the Carnival, AddaCorner was officially launched.

By partnering with the revolutionary socio-tech platform like AddaCorner, this carnival will provide prospective Home-buyers with a platform to negotiate in groups and attain fair and judicious deals with a high level of transparency on real-estate in Bengaluru. The Online Home Carnival utilizing AddaCorner’s platform will surely provide a boost to help reinforce the market and increase sales. More importantly, with this platform, prospective Homebuyers will be able to unlock the best deals directly without any intermediary owing to the strength of Group quorum. The platform will enable prospective buyers to evaluate all information at ease and at the comfort of home and also team-up virtually with co-buyers from different walks of life.

Developers that have been partnered with for the Carnival and empaneled on the AddaCorner platform are:

1. Brigade Group
2. Purvankara
3. Shriram Properties
4. Salarpuria
5. Assetz
6. Sumadhura
7. Sowparnika
8. DS Max
9. Mana Infrastructure
10. DSR Properties
11. GR Infra
12. GM Infinite
13. Keya Homes
14. Vajram
15. Incor Infrastructure

Speaking on the announcement, Mr. Abhijit Majumder, CGM, SBI, said “ The entire country is going through one of its toughest times it has ever come across. After easing of lockdown, the trends of movement in the Home loan market is evident. The steep cut has brought interest rates on home loans to their lowest.

It’s definitely good news for those chasing a life goal to own a house more so for those waiting for the right time to take a home. Options of reduced EMIs and options of availing a Top-up loan also available at lower interest rates. We would be privileged to be associated with you in realizing your dreams and be a part of 30 lakh satisfied families. We have always known for our values -Trust, Transparency, Integrity and Excellence”

Mr. Sumit Srivastava, Co-Founder, AddaCorner, said “We believe in the strength of a team and the power of unity over an individual, particularly when it comes to negotiating a purchase. 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.” ENDS

About State Bank of India

State Bank of India (SBI) is a premier institution and India’s largest commercial bank in terms of assets, deposits, branches, number of customers, and employees. SBI Home loans is the largest Mortgage lender in India, which has associated with over 30 lakh families to achieve the dreams of owning a home.

Value to Customers

• Wide Product Range
• Interest Calculation on Daily Reducing Balance
• Overdraft Facility available
• Low-Interest Rates
• Low Processing Fees
• No Hidden Costs
• No Pre-payment penalty

About AddaCorner:

AddaCorner is India’s first Real-Time Group Negotiation platform for all thoughtful purchases, be it home, car, bikes, holidays, or even Medical tourism. It uses technology to aggregate buyers from different walks of life with common buying need to come together and form a team. The platform 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.