Citibank Provides Attractive Opportunity to UAE NRIs
This upcoming weekend of 17th & 18th October will have the reputed
real estate developers from India coming together under one roof with
Citibank offering attractive options for availing home loans to purchase
properties.
NRI community in UAE has shown keen interest for properties in India
and this event will provide an attractive opportunity for Non Resident
Indians (NRIs) in the entire UAE to look at a variety of home options
in various cities across India under one roof and select their ‘Home
Back Home’. The IndiaHome exhibition is being held at Dusit Thani Hotel
on Sheikh Zayed Road with participation from the most reputed Indian
developers like DLF, Unitech Ltd, Emaar MGF, Jaypee Greens, Hiranandani
Constructions, Mahindra Life Spaces , GERA Developers,,Rohan Developers,
Kumar Developers,Ekta World, ETA Star, Keppel and Hirco. These developers
have residential, commercial and retail projects planned or under execution
across various towns and cities in India. The exhibition offers a wide
range of property options ranging from INR40 lacs (approx Dhs370000)
to INR10 crores (approx Dhs9.8m). Ashish Mehrotra, Business Manager
– Mortgages, Citibank, said: ‘It is our continuous endeavor to provide
value added offerings to NRI customers and service their need of home
purchase back in India. As part of that endeavor, we are getting the
best in class real estate developers from India to their doorstep this
weekend.’
Mehrotra added, ‘The developers will provide them with large range
of property options suited to wide range of budgets bundled with some
very attractive schemes for purchase during this period. This will be
supplemented by on-the-spot loan pre-approval and guidance by Citibank
mortgage counselors to facilitate the purchase of their dream home in
India.’
‘The NRI clients can get loans ranging from Rs 15 lacs to upto Rs 5
crores for ready to move and under construction properties. Loans will
also be provided for built-up commercial properties across Metro cities
in India. The loans can be taken under flexible repayment schemes with
construction linked plans or down payment plan and the EMI payments
can be done through the convenient Citibank NRE/NRO account which comes
with a host of superior banking features,’ added Mehrotra.
Vipul Kapur, Global Sales Director, Citibank NRI, said: ‘Buying a home
is not just an investment; it is an emotional commitment, especially
for NRIs. Citibank has rich experience and established presence in the
Indian home loans market. To cater to the needs of our NRI customers,
we have been offering a dedicated Home Loan programme since 1997. Through
our NRI Home Loan Program, we cater to customers based in USA, Canada,
Singapore, UAE, Kuwait and Bahrain.’
With over two decades of success, the Citibank NRI Business functions
from over 64 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 expert relationship managers.
