London to host biggest-ever conclave of Indian property developers
All NRIs and PIOs based in London can now look forward to owing their dream home in India. HDFC Ltd, India’s leading mortgage lender presents the 11th edition of ‘India Homes Fair 2018’.
This two day property event is being held at St.Pancras Renaissance Hotel. It will be open for visitors between 10 am to 7.00 pm on the 30th June & 1st July 2018.
For NRI’s & PIO’s it is an opportune moment for owning a home back in their home country. India Homes Fair, a property event exclusively for assisting customers looking to buy a property can choose from the latest projects displayed by 25 renowned and well-reputed developers from India.
HDFC Ltd has enjoyed a strong presence in United Kingdom for the last 13 years through its London branch. Since 2008 HDFC has organized 10 extremely successful property exhibitions addressing the real estate needs of London’s NRI & PIO segment. This is the 11th consecutive year.
At HDFC’s ‘India Homes Fair’, over 25 developers from Mumbai, National Capital Region, Bengaluru, Pune, Chennai, Hyderabad, Gujarat, Goa, Kerala, Punjab, Kolkata, etc will be on display, with varying options like flats, villas, plots, etc. worth ₹ 35 lakhs onwards. Customers can also avail of exclusive offers and value-added benefits during the exhibition.
Speaking at the occasion Renu Sud Karnad – Managing Director, HDFC Ltd. said, “For NRIs, buying a house back home in India is always a cherished dream. At the same time it is quite challenging since they are living miles away from their aspired homes.
“To make it easier for NRI & PIO homebuyers, HDFC Ltd have been organizing ‘India Homes Fair’ for the last 10 years to assist them so that they take an informed decision. The projects showcased are from reputed developers, thus assuring high quality standards. NRIs have always shown interest in the India housing market and are continuing to show. We sincerely wish that our customers benefit from this fair and hope to reach out to larger numbers with many such fairs in the years to come.”
Emphasizing further she added, “In last 40 years that HDFC has been in business, it has never been better time for housing sector in India than today. Housing sector today is in a sweet spot given that this sector has received more attention from the government than any other sector. Government has provided significant boost to all stakeholders in this sector. The Indian housing sector is growing at a faster pace given the inherent demand for housing in India.
“The government has rightly focused on this sector to increase homeownership in the country. The thrust given to housing has been extremely encouraging not only to developers but also to homebuyers and lenders. Flagship government schemes viz., ‘Housing For All by 2022’, Smart Cities Mission and Atal Mission for Rejuvenation and Urban Transformation and other developments such as granting infrastructure status to affordable housing, 100% tax exemption on profits for developers building affordable homes, implementation of RERA and the subsidy schemes for first time buyers of residential property are expected to help satisfy housing demand and improve urban infrastructure.”
With the Indian economy by most conservative estimates expected to grow at 7per cent plus, we see huge activity in the housing and real estate space. With faster economic growth, easy availability of finance, high disposable income, increased urbanization, etc has made many Indians look favorably at buying a house of their own. Also government’s flagship scheme ‘Pradhan Mantri Awas Yojana (PMAY)’ will create more demand for real estate in India.”
HDFC Ltd under the ‘Pradhan Mantri Awas Yojana’ (PMAY) is offering the credit linked subsidy for home loans to customers from the Economically Weaker Section (EWS), Low Income Group (LIG) and Mid Income Group (MIG). As per the scheme, eligible borrowers will get interest rate subsidy of 6.5% pa for loans up to Rs. 6,00,000 for EWS and LIG category(annual household income up to Rs. 6,00,000), interest subsidy of 4% and 3% for loans up to Rs. 9,00,000 and Rs. 12,00,000 respectively for MIG category (annual household income between Rs. 6,00,001 & Rs. 18,00,000) for a maximum tenure of 20 years. The schemes for MIG are valid up to 31st March, 2019 and for EWS/LIG, it is valid up to March 31st, 2022.
There are two aspects of home buying – Property Search and Home Loans. It may make sense to go with a home loan company, which can help tackle both aspects right from the selection of the property to loan processing.
HDFC will assist all our customers in the selection of developers and properties that best suit them. HDFC is quick to recognize the market pulse and thereby set higher benchmarks of service delivery on a continuous basis. Customer satisfaction has always been at the core of all HDFC offerings. With a view to maximize customer convenience, HDFC through its team of specialized counselors, is providing its customers personalized home loan counseling, legal and technical advice relating to property related documentation and a full range of home loan options and flexible repayment options tailor made to suit their requirement. The team will ensure they guide customers to seamlessly purchase their property in India.