DUBAI: With an eye to expand its
market space in real estate sector, Indiabulls Real Estate has entered
into an agreement with Doha Bank to offer its NRI customers exclusive deals on
properties in India.
The agreement offers mortgage loans to its NRI
customers for acquiring properties in India, serving the growing demand from
expatriate Indians for home loans and property acquisition in
Indiabulls’ housing projects.
The property firm will also provide
complimentary home loan eligibility checks, special offers on Indiabulls
properties and exclusive promotion for Doha Bank Indian customers will be part
of the special offer.
Santosh Tandel, Regional Head-MENA Region,
Indiabulls said, “With the opening of an office in Dubai last year, the
company’s future plans include opening of offices in other GCC countries
including Qatar.”
“We aim to connect more and provide seamless
service through the arrangement. Gulf NRIs have always contributed
significantly in the Indian economy whether it is remittances or investments in
properties,” he said.
According to him, overall NRIs make up for 25
per cent of its business plus.
“With an approximate 20 per cent of Qatar’s
population comprising Indians, the need to have a local representation catering
to this segment was vital,” he said.
“Properties continue to be a preferred choice
for expat Indians for investment and asset creation. What they look for is a
good brand to invest and a price point which is good to enter. For NRIs,
reputed developer with good track record, quality and possible price appreciation
is an important factor,” Tandel added.
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