India, Oct. 7 -- The State Bank of India (SBI) plans to buy 200 ready-to-move-in 2BHK apartments across various locations in the Mumbai Metropolitan Region (MMR) for its employees, in a bulk deal valued at around Rs.294 crore, excluding statutory taxes.

According to bids floated on October 7, SBI has invited developers to offer units in select areas, including the central suburbs between Sion and Ghatkopar, the western suburbs between Andheri and Borivali, the Thane-Kalyan belt, and the Navi Mumbai corridor from Kharghar to Panvel.

Each apartment must have a MahaRERA carpet area of approximately 55.74 sq. m. (600 sq. ft.) and be less than five years old, the bank stated in the tender document.

According to the tender document, only pro...