LIC Housing Finance to showcase Delhi-NCR’s best real estate projects at its mega event, HOMES FOR ALL EXPO
In the wake of an improving real estate scenario in India, LIC Housing Finance Ltd. (LICHFL), one of the largest Housing Finance companies in the country, has called upon the buyers to take a buying decision at the earliest so as to be able to avail of the prevailing low interest rates and also the lowered prices of various residential properties in and around Delhi-NCR.
According to Mr. Mahendra Kumar, Regional Manager, LIC Housing Finance Ltd., “Buyers who have been waiting for the prices for real estate properties in the residential segment to bottom out must move fast if they want to be able to catch a good deal as there are many indications that the market is bound for a revival and the real estate prices will only gather momentum from here onwards. This is, in fact, the perfect time to buy residential properties.”
To enable buyers to effectively hunt for their dream home, LIC HFL is organizing a comprehensive real estate exhibition called HOMES FOR ALL EXPO, scheduled for 12th–14th June 2009, Pragati Maidan, New Delhi. Targeted primarily at the first-time home buyers, the exhibition will feature the best of offers in residential real estate properties segment in Delhi-NCR from leading builders including Ashiana Homes, Ajnara, Amrapali Group, Emaar MGF, Gaursons, MVL Ltd., Omaxe, Optus Developers, Parsvnath Developers, Raheja Developers, SVP Group, TDI Infrastructure, Today Homes & Infrastructure, Triveni Infrastructure, Unitech, V3S Group, Vatika Group, Vipul Group amongst many others.
“The Homes For All Expo will bring the buyers and the developers under the same roof after a real long time! The first-time buyers of houses will greatly benefit if they take a buying decision now rather than wait for a few more months as with all the indications of a stable central government, the sector is well poised for revival,” elucidated Mr. Kumar.
Targeted primarily at the first-time home buyers, the expo will offer a chance to the visitors to avail exclusive discounts and other special schemes on all spot bookings of the properties. LIC HFL will help the buyers in identifying the property of their dreams and speedy processing of their home loan applications.
“The visitors to our expo will derive huge benefit as they will get to see and evaluate various options from different developers, all under the same roof,” concluded Mr. Kumar.
About LIC Housing Finance Ltd.
LIC Housing Finance Ltd. is one of the largest Housing Finance companies in India. Incorporated on 19th June 1989 under the Companies Act, 1956, the company was promoted by LIC of India and went public in the year 1994. The Company launched its maiden GDR issue in 2004. The Authorized Capital of the Company is Rs.1500 Million (Rs.150 Crores) and its paid up Capital is Rs.850 Millions (Rs.85 Crores). The Company is recognized by National Housing Bank and listed on the National Stock Exchange (NSE) & Bombay Stock Exchange Limited (BSE) and its shares are traded only in Demat format. The GDR's are listed on the Luxembourg Stock Exchange.
The main objective of the Company is providing long term finance to individuals for purchase / construction / repair and renovation of new / existing flats / houses. The Company also provides finance on existing property for business / personal needs and gives loans to professionals for purchase / construction of Clinics / Nursing Homes / Diagnostic Centres / Office Space and also for purchase of equipments.
The Company possesses one of the industry's most extensive marketing network in India : Registered and Corporate Office at Mumbai, 6 Regional Offices, 13 Back Offices and 157 marketing units across India backed by chain of camp offices. In addition the company has appointed over 934 Direct Sales Agents (DSAs), 4865 Home Loan Agents (HLAs) and 485 Customer Relationship Associates (CRAs) to extend its marketing reach. Back Offices spread across the country conduct the credit appraisal and administrative functions.
The Company has set up a Representative Office in Dubai and Kuwait to cater to the Non-Resident Indians in the GLCC countries covering Bahrain, Dubai, Kuwait, Qatar and Saudi Arabia. Today the Company has a proud group of over 9,40,000 prudent house owners who have enjoyed the Company's financial assistance.
