By Arosh John | Founder – John Real Estate (MahaRERA Reg. No. A51700001835) | Editor-in-Chief – Thane Real Estate News
Mumbai | 7 October 2025
The State Bank of India (SBI) has issued four tenders inviting bids to purchase 200 ready two-bedroom apartments across the Mumbai Metropolitan Region (MMR), with a total estimated outlay of ₹294 crore (excluding taxes).
The initiative is part of the bank’s plan to expand its staff housing inventory across key suburban and peripheral zones, including Thane–Kalyan, one of the fastest-growing residential corridors in the region.
Cluster-wise Allocation
The tenders divide MMR into four geographical clusters, each comprising 50 units:
- Sion–Ghatkopar (Central Line): ₹84 crore
- Andheri–Borivali (Western Line): ₹108 crore
- Thane–Kalyan Belt: ₹54 crore
- Kharghar–Panvel Corridor: ₹48 crore
Each apartment must have a MahaRERA-registered carpet area of about 55.74 sq. m. (approximately 600 sq. ft.) and be less than five years old.
Only ready-to-move-in apartments in completed, RERA-compliant projects with valid Occupancy Certificates and clear titles will be eligible. This stringent eligibility criterion ensures the quality and compliance of the housing inventory.
Tender Highlights
- Delivery Period: 180 days from the issuance of the Letter of Intent (LoI)
- Parking Requirement: 400 slots — 200 for cars and 200 for two-wheelers
- Evaluation Method: Techno-commercial scoring — 60% technical, 40% financial
- Eligibility: Open only to developers or their authorized representatives; brokers are not permitted to participate
- Bid Submission Deadline: 6 November 2025 at 3:00 p.m. via SBI’s e-tender portal
The Thane–Kalyan Cluster focuses on projects located along or near the Central Railway corridor between Thane and Kalyan, covering micro-markets accessible by suburban rail connectivity.
Tender documents and eligibility details are available on the SBI Procurement News portal:
👉 https://sbi.co.in/web/sbi-in-the-news/procurement-news
Context
Public sector institutions like the State Bank of India have periodically turned to bulk residential acquisitions to address the housing needs of their employees, particularly in metropolitan regions with high land and rental costs.
SBI’s latest tender reflects renewed institutional confidence in RERA-compliant, ready-possession housing and underscores the continuing attractiveness of Thane’s suburban belt as a cost-efficient, well-connected residential hub within MMR.
About the Author
Arosh John is the Founder of John Real Estate (MahaRERA Reg. No. A51700001835) and Editor-in-Chief of Thane Real Estate News. Recognized as one of the leading real estate consultants in Thane, he has over a decade of experience advising clients on premium residential, luxury, and investment properties across the Mumbai Metropolitan Region (MMR). Through Thane Real Estate News, Arosh combines his on-ground expertise with research-driven analysis of infrastructure, policy, and market trends — building one of the most trusted information platforms for buyers, sellers, and investors in Thane’s evolving property market.
Disclaimer
This report is based on official tender documents published by the State Bank of India on its procurement portal. Thane Real Estate News is an independent publication with no commercial affiliation with SBI. All logos, trademarks, and brand names mentioned are the property of their respective owners. Readers are advised to verify tender details, eligibility criteria, and submission deadlines directly from SBI’s official website before taking any action.
