India’s HDFC to showcase 60,000 units in Dubai

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 May 16-18 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 (Dh138,000) to premium properties of up to rupees 15 Crores (Dh10.3 million) and sizes ranging between 700 sq. ft. to over 10,000 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 Ajay Sachdewa, Regional Head, Dubai & GCC.

“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. NRIs can avail a maximum loan of 80 per cent 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 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,” said Sachdewa.

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