HDFC’s Indian Homes Fair, the leading information event for India property, concluded an exceptional weekend event, which saw Indians from across the UK get practical ideas and inspiration about their dream homes.
Relishing the opportunity to get answers to the sometimes-confusing challenges of buying property in India, attendees flocked to the Fair on Saturday and Sunday, July 13 and July 14, 2013.
The Fair, now in its sixth successful year, was at the Hilton London Metropole Hotel, from July 13th to 14th 2013. Attendees took advantage of the unique opportunity to talk to the more than 35 leading developers and thousands of properties assembled under one roof.
The median total household wealth of Indians living in the UK is £229,000, reflecting their passion for buying and investing in property.
At the Fair, more than 30,000 impressive developments were on display, ranging upwards in price from £22,000, and including single-family homes, and retirement properties. Developers provided 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.
“The attendance was the best yet in the Fair’s six-year history,” said HDFC’s Managing Director Renu Sud Karnard. “And, even if you couldn’t make it to this year’s Fair, you can still get detailed answers from HDFC about the process of buying property in India, whether in the major cities or the expanding industrial towns.”
She added: “We can reassure people that the process of getting a mortgage will be far easier, and far faster if it’s started in the UK. HDFC has a base in London which is staffed by a strong team of experts who can help with any questions and queries, and we can safely and securely facilitate the process right here.”
India property investment by UK-based Non-Resident Indians (NRIs) is seeing a substantial increase. The low penetration of about 8%, coupled with a huge shortage of 26.53 million units in India’s urban areas will fuel growth.
About HDFC
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).