Indiabulls Real Estate enters into agreement with Doha Bank


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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