Encouraged by lower property values, India real estate investment by UK-based Non-Resident Indians (NRIs) is seeing a substantial increase. The low penetration of about 8 % coupled with huge shortage of 26.53 million units in India's urban areas will fuel growth.
It is therefore the perfect opportunity to get answers to the sometimes confusing challenges of buying Indian real estate, at HDFC's Indian Homes Fair, where attendees can get information directly from India's top developers.
To be held at the Hilton London Metropole Hotel, on July 13th to 14th 2013, the Fair is in its sixth year, with more than 35 leading developers and thousands of properties.
More than 30,000 properties will be on display, ranging in price from £22,000. Developers will provide information on all major states, including the National Capital Region/Delhi, and also on the expanding industrial towns, including Bengaluru, Chennai, Coimbatore, Goa, Gujarat, Hyderabad, Jaipur, Kerala, Kolkata, Mumbai, Pune, and Punjab.
"There is nothing like owning a home – in your homeland, " said HDFC’s Managing Director CEO Renu Sud Karnard "Demand for residential housing has witnessed rapid growth through corporate expansion out of the major cities. Amenities such as shopping and recreational centres and even the infrastructure in these towns can surpass even the major cities. It's an opportune time for NRIs to invest in property in India."
She added: "We're also delighted to resolve the misconception that it's very complicated for NRIs to take out India property applications from the UK. HDFC has a base in London, and we can facilitate the process right here. It's safe and secure."
Exclusive show offers, and information seminars and list of developers mean prospective NRI home owners and property investors can get advice on selecting a property in India, get answers to all your questions, and find out about home loan advisory services – all under one roof.
HDFC Ltd. was established in 1977 with the primary objective of meeting a social need of encouraging home ownership by providing long-term finance to households. Over the last three and a half decades, HDFC has turned the concept of housing finance for the growing middle class in India into a world-class enterprise with excellent reputation for professionalism, integrity and impeccable service.
A pioneer and leader in housing finance in India, since inception, HDFC has assisted more than 4.4 million customers to own a home of their own, through cumulative housing loan approvals of over Rs. 5.67 trillion and disbursements of over Rs. 4.56 trillion as at March 31, 2013.
HDFC loans and services are available through a wide network of 331 offices catering to over 2,400 towns & cities spread across the country. It also has offices in Dubai, London and Singapore and service associates in the Middle East region, to provide housing loans and property advisory services to Non-Resident Indians (NRIs) and Persons of Indian Origin (PIOs).
For more information, please visit www.hdfc.com