LONDON: 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.
The Fair, now in its sixth successful year, was held at the Hilton London Metropole Hotel. 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.
