Citibank participates at Indiahome exhibition in Dubai

Organized by Media Agency Middle East and Signature Events, the Exhibition will be held over the weekend of October 9th, 10th and 11th at Raffles Hotel's Ballroom, Wafi City.

This one-of-a-kind exhibition will offer a unique opportunity to the Indian diaspora in Dubai to get first-hand information on the range of residential real estate opportunities available in India and conduct in-person discussions with developers' representatives. Moreover, visitors can use the platform to understand the available Home Loan options that Citibank offers to its Non Resident Indian (NRI) customers.

The exhibition invites prominent builders from across India to showcase their projects, currently under construction. These are Brigade Enterprises Ltd., Chaithanya Projects Pvt. Ltd., Emaar MGF Land Pvt. Ltd., ETA Star Constructions, Fairy Land Foundations Pvt. Ltd, Gera Developments Pvt Ltd, Goel Ganga Group, Hiranandani Constructions Pvt. Ltd., Hiranandani Palace Garden Pvt. Ltd., Hiranandani Upscale, Jaiprakash Associates Ltd, K Raheja Corp, Kalpataru Ltd, Kumar Properties, Lancor Holdings Ltd., Paranjape Schemes (Constructions) Ltd., Sobha Developers Ltd, Three C Universal Developers Pvt Ltd. The cost of the properties showcased will be in the range of INR 40 lacs (approx. Dhs300000) to INR 10 crores (approx Dhs7.5m).

Ashish Mehrotra, Head, Consumer Assets, Citibank India, said:

"Owning a home in India is a long-cherished desire of all NRIs worldwide. However, the distance from the purchase location can be discouraging. Our endeavour with the India Home Property Exhibition is to create a convenient interface for NRIs with India's reputed real estate developers and help make the purchase process seamless. The Exhibition will further enhance the home buying experience with our NRI mortgage counselors providing one-to-one guidance on the financing options available including facilitating on-the-spot loan pre-approvals."

"NRI customers can avail loans ranging from INR 20 lacs to upto INR 5 crores for ready-to-move and under-construction properties. Loans can be obtained under flexible repayment plans linked to construction milestones and periodic payments can be conveniently routed through the Citibank NRE/NRO Account, which comes with a host of attractive banking features."

Vipul Kapur, Business Manager, Citibank NRI Business, said: "Since we launched the NRI Home Loan programme in 1997, it has received a very enthusiastic response from customers in the North America, Asia and the Middle East. I am confident that NRIs in Dubai too will fully leverage the value of this opportunity."

With over two decades of success, the Citibank NRI Business functions from over 74 centers across the globe. Managing assets worth over $8bn, the Business has been a pioneer in NRI banking, serving as a model for other Indian banks targeting NRIs. The business has four regional hubs in New York, London, Dubai and Singapore. Its comprehensive wealth management services provide specialized solutions through the personalized attention of dedicated relationship managers.