NRI visitors at the ‘India Homes Fair’ held last year.
HDFC to showcase top Indian projects
Dubai, May 11, 2013
India’s top housing finance company HDFC will be bringing a bouquet of projects ranging from apartments, row houses, flats to plots and villas from across India for the expats in the UAE from May 16 to 18.
India’s top housing finance company HDFC will be showcasing over 60,000 flats from across India at the upcoming 10th edition of ‘India Homes Fair’, a property fair exclusively for the Non Resident Indians (NRIs) in Dubai.
Over 50 top developers from across India are participating at the show. The exhibition is being held on May 16 (from 4 pm to 8 pm) and on May 17 and 18 (10 am to 8 pm) this month at Hotel Intercontinental, Festival City, Dubai.
Customers can choose properties from several projects that will be on display with varying options ranging from apartments, row houses, flats, plots and villas ranging from Rs2 million ($37,270.3) to premium properties of up to Rs15 crores and sizes ranging between 700 sq. ft. to over 10000 sq. ft.
In addition, one can also avail of exclusive offers and value-added benefits during these three days of the exhibition.
Commenting on the show, Ajay Sachdewa, the regional head, Dubai & GCC said, “These are interesting times for the NRI community to invest in the Indian real estate marketplace. For most individuals, buying a house is a single largest investment in their lifetime not only in terms of money but in terms of emotions as well."
"Property buyers overseas normally have to address two key questions one is “when to buy” and “the track record of the developer," he stated.
"Our endeavor is to answer these questions and present the customers with an opportunity to choose from a wide range of properties by interacting directly with the developers as well as provide assistance on home loans to buy their dream home all under one roof," he added.
According to him, HDFC has assisted more than 4.4 million families to own a home of their own, through cumulative housing loan disbursements of over Rs4.5 trillion.
“The interest rates are expected to be reduced this year and since over 80 per cent of the people opt for floating rates, they will stand to benefit from the falling interest rates," explained Sachdeva.
"NRIs can avail a maximum loan of 80% of the cost of the property and opt from amongst a full suite of flexible repayment options. HDFC's maximum loan repayment term is 20 years,” he added.
HDFC has offices in London, Dubai and Singapore and service associates in Kuwait, Oman, Qatar, Sharjah, Abu Dhabi and Saudi Arabia – Al Khobar, Jeddah and Riyadh to cater to NRIs. It has a wide network of 331 offices and it caters to 2,400 towns and cities across India.-TradeArabia News Service