State Bank of India plans bulk acquisition of 200 2BHK flats in Mumbai for ₹294 crore

Core Insights - The State Bank of India (SBI) plans to acquire 200 ready-to-move-in 2BHK flats in the Mumbai Metropolitan Region (MMR) for its staff, with a total estimated value of ₹294 crore excluding taxes [1][2] Group 1: Acquisition Details - SBI intends to purchase 50 units in four identified clusters: ₹84 crore for central suburbs, ₹108 crore for western suburbs, ₹54 crore for Thane–Kalyan, and ₹48 crore for Kharghar–Panvel [2] - The total acquisition plan also includes 400 parking spaces, consisting of 200 car parking spots and 200 two-wheeler parking slots [7] Group 2: Procurement Rules - Only projects registered with the Maharashtra Real Estate Regulatory Authority (MahaRERA) are eligible for bidding, and the flats must be ready-to-move-in with all necessary approvals [4] - The successful bidders will be selected based on a 60:40 techno-commercial scoring system, evaluating technical and financial aspects [6] Group 3: Timeframe and Requirements - Developers must deliver the completed flats within 180 days of the agreement, with the entire transaction expected to finalize within six months from the issuance of the Letter of Intent (LoI) [5] - Each flat must have a carpet area of approximately 55.74 sq. m. (600 sq. ft.) and must be less than five years old [8]