State Bank of India and real estate developers’ body CREDAI have signed a memorandum of understanding (MoU) to leverage their individual strengths and collaborate in areas to promote housing for all. The MoU, aimed at developing the realty sector, will be in force for a period of three years. “The MoU is meant to mobilise the credibility of our members and the reach of the largest bank in India to cater to both home loans and construction finance requirements of the real estate sector,” said Geetambar Anand, (now past) president, CREDAI. The availability of finance at lower rates would help fulfill CREDAI’s objective of making housing more affordable. SBI will be a national partner for all CREDAI activities and both will jointly work for various marketing activities like conclaves, seminars, exhibitions, campaigns and CSR activities as well.