India is working towards an urban housing
growth story and an increasing number of Indian consumers are
participating in this by investing and buying their dream homes. The
demand for new homes and lower interest rates seem to be driving up
housing loan growth every year. In recent times, however, the market has
also witnessed an appreciable increase in the number of aspiring young
home owners. To reach out to these young, first time owners and tap this
vibrant customer set, State Bank of India, one of the largest banking
and financial services company in India has launched a new ad campaign
to talk about the easy and accessible home loan offerings of the bank.
Conceptualized and executed by DDB Mudra
West, the campaign has been created around everyone’s dream to own their
home (‘Har kisi ka hota hai ek manzil of sapna’) and to encourage a
progressive, emotive and productive conversation between these aspiring
young home owners and the bank, while attempting to provide them with
solution- based easy and accessible home loan options as well. First
time owners often find it discouraging to buy their dream home due to a
number of financial hurdles. SBI encourages their consumer to overcome
these financial roadblocks by promoting affordable, accessible home loan
offerings to this often neglected target group. This multimedia ad
campaign targets SBI’s young consumers via digital, television and radio
touch points.
The long format ad film is set to a lively
and catchy song created by the famous Bollywood music duo- Sachin-Jigar.
Bollywood singer- Benny Dayal lends his melodious voice to the lyrics
and tune. The song features a montage of people from different parts of
the country and different walks of life happily taking selfies/ pictures
with their dream home, fulfilling the dream of owning their home or ‘Manzil of Sapna’.
The song and the ad film further describe the diverse and eclectic
needs of today’s young homeowners and shows how with the help of SBI
home loans everyone can fulfill their dream of owning their ‘Manzil of
Sapna’ (dream home).
Commenting on the campaign, Rahul Mathew,
Creative Head, DDB Mudra West, said, “Most of home loan advertising
shows either stifled dreams or not-so-stifled tears. But the excitement
of moving into your own home, and that too the one you always wanted,
hasn’t been touched up on as often. In fact, paint companies have
captured it a lot better than home loans. “Manzil of Sapna” is our
attempt at portraying that exuberance. Home owners are getting younger,
so the communication, while talking to the world of house owners at
large, needed to be youthful. And you’ll see a lot of that in how the
film is shot, in the situations we’ve captured, in the words of the song
and of course the music.”
The TVC:
Credits:
Agency Name: DDB Mudra West
Chairman & CCO: Sonal Dabral
President, DDB Mudra West: Rajiv Sabnis
Account Management: Sanjay Panday, Makarand Gholba, Mousumi Haldar
Account Planning: Amit Kekre, Toru Jhaveri, Sanchari Chakrabarty
Creative Team: Rahul Mathew, Manoj Bhavnani, Vinit Sanghvi, Ravi Ananthan, Rinku Jariwala
Films Team: Vishal Sane, Siddhi Bhopale
Director: Nitin Parmar
Production House: Equinox
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