HDFC to bring a bouquet of over 60,000 flats from across India for NRIs in UAE

Over 50 top Indian developers will be present at 'India Homes Fair' exhibition being held in Dubai on the 16th, 17th & 18th of May, 2013

Dubai; May 11th, 2013: HDFC Ltd., India's Premier housing finance company is showcasing over 60,000 flats from across India at the 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 the 16th (from 4 pm to 8 pm), 17th and 18th (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 two million rupees (AED 138,000) to premium properties of up to rupees 15 Crores (AED 10.3 million) 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.

"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". 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," said Mr. Ajay Sachdewa, Regional Head, Dubai & GCC.

"The interest rates are expected to be reduced this year and since over 80% of the people opt for floating rates, they will stand to benefit from the falling interest rates. 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," added Mr.Sachdewa.

HDFC has assisted more than 4.4 million families to own a home of their own, through cumulative housing loan disbursements of over INR 4.5 trillion.

"HDFC Ltd 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 non-resident Indians. It has a wide network of 331 offices and it caters to 2,400 towns and cities across India. The company has pioneered home loans in India in 1977, and has emerged as a professionally managed, world-class enterprise today. Over the last 35 years of its existence, HDFC has not only understood the market dynamics of the real estate industry thoroughly, but has also endeavored to empower the customers in making the right home buying decision," concluded Mr.Sachdewa.

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For further information please contact:
www.HDFC.com
HDFC Limited
Ajay Sachdewa
Ph: 04-3961825

White Water Public Relations
Prem Ramachandran
050-4537253
prem@whitewaterpr.com