Highland Mayfields Secures SBI Project Finance Approval for Mohali Housing Project
Highland Mayfields in Sector 118, Mohali, has received project finance approval from the State Bank of India (SBI). The announcement was made on October 26, 2026. The development is located along Airport Road, also known as PR-7.
The approval gives eligible homebuyers another option to consider when arranging a housing loan for a property in the project. However, they will still need to meet SBI’s lending criteria to secure financing.
The approval certificate was handed over during a ceremony at the Highland Mayfields site. Several senior SBI officials attended the event. They included Manmeet Chhabra, General Manager; Kajal Kumar Bhomick, Deputy General Manager; and Neeraj Bhalla, Assistant General Manager.
SBI Approval for Highland Mayfields
Before granting project finance approval, banks assess developments through their due diligence processes. For homebuyers, this can be a useful factor to consider when exploring properties and financing options.
Highland Mayfields is situated in Sector 118, along Mohali’s Airport Road. The SBI approval allows eligible buyers to explore the bank’s home loan facilities for purchases in the development. It does not, however, mean that every applicant will automatically qualify for a loan. Approval will depend on the bank’s requirements and the buyer’s financial eligibility.
Vishal Goyal, Director of Highland Mayfields, said the approval would give eligible customers another financing option. He also spoke about making the homebuying process more accessible and convenient.
Construction Underway, Delivery Planned for 2027
Construction at Highland Mayfields is underway. The project is expected to be delivered in 2027, according to the announcement. No exact completion date was specified.
The development’s location along Airport Road is another detail for prospective buyers to consider when assessing the property. Financing options and the expected delivery timeline may also influence their purchasing decisions.
For people interested in buying a property in Highland Mayfields you should look at the types of properties available and ensure that you are eligible to take out a loan through SBI. You should contact your bank to find out what finance options are available to you.
The project’s finance approval marks a further step in its progress. With construction continuing and delivery planned for 2027, Highland Mayfields is moving ahead with its residential development in Mohali.
