HDFC launches its operations in London, UK

Indians in England can now look forward to owning a piece of their motherland. In an endeavour to facilitate the Indians in England acquire property in India, Housing Development Finance Corporation Limited (HDFC) has launched its operations in London. It will provide advisory services on housing finance and property acquisition in India. HDFC’s office will be located at 403, 1 Northumberland Avenue Trafalgar Square, London WC2N 5BW.

Commenting on this occasion Mr Keki Mistry, Managing Director, HDFC said, “The buoyancy in Indian economy, coupled with the recent Real-Estate boom is attracting a large number of Indian’s abroad to invest in a property in India. It is estimated that the total Asian Population in the UK is around 3.5% of which over 1.8% are Indians, with London having the largest concentration. This new office will provide us an excellent strategic position in assisting Indians in owning a property in their home land.”

Ms. Renu Sud Karnad, Executive Director, HDFC added, “Our presence in UK comes at an appropriate time when Indian real-estate is on an upswing. With twenty-nine years of existence in the industry, HDFC has gained an in-depth knowledge of the real estate market, and the expertise to guide customers through their entire property buying process. Now Indians based here can avail of our services, whether it is assistance in property search, builder credibility evaluation, expert advice on the legal processes, technical evaluation of the property, or with their home loan requirements. Our endeavour is to empower customers to make a more informed decision while buying the property.”

HDFC, set up in 1977, is India's premier housing mortgage company, which has turned the dream of owning a home into a reality for millions of Indians. It defined standards in the housing sector, be it in processes, service or product innovations and has grown to provide not just finance but also complete solution to the customers’ housing requirements. Its strength has been its pioneering value-added services, with a specialist team of trained staff that empathises with customers and offers free counselling and legal assistance for a variety of individual housing needs, while ensuring that customer interests are protected.

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