HDFC commences UK operations from London
15 November 2006Indians in England who wish to acquire property in India can now avail loan assistance from HDFC, which has announced having started its UK operations from London. The housing finance company will provide advisory services on housing finance and property acquisition in India.
"The buoyancy in the 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," says Keki Mistry, managing director, HDFC. Explaining the market potential for housing finance borrowings in the UK, he says, "It is estimated that the total Asian population in the UK is around 3.5 per cent of which over 1.8 per cent are Indians, with London having the largest concentration. This new office will provide the us an excellent strategic position in assisting Indians in own a property in their homeland."
According to Renu Sud Karnad, executive director, "Our presence in UK comes at an appropriate time when Indian real-estate is on an upswing. With 29 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."