(MENAFN - Muscat Daily) Over 3,000 non-resident Indians (NRIs) visited the India property fair which took place over the weekend at Holiday Muscat Holiday. Organised by HDFC Bank, the exhibition was inaugurated by H E J S Mukul, the Ambassador of India to the sultanate, along with Ajay Sachdewa, regional head - HDFC Middle East.
The exhibition showcased properties by 32 developers across 25 cities in India. Prospective buyers had a wide range of properties to choose starting from R2mn (RO14,468) to premium properties up to R100mn (RO723,300).
The bank provided a platform to enable Indian expatriates to chose and evaluate an array of properties on offer including row houses, villas and apartments without actually visiting the country. During the fair, prospective buyers got opportunities to interact with senior representatives of property developers.
A team of counsellors provided buyers home loan, legal and technical advice relating to property-related documentation and a full range of home loan and flexible repayment options tailor-made to suit their requirement.
Speaking on the occasion, H E Mukul said, ''We are happy that HDFC has provided this excellent platform for NRIs to buy houses as several options have been offered under one roof. I am sure it's a good option for people to analyse and select what suit them best.''
Sachdewa said, ''The fair gave a platform to NRIs to walk in and book properties. Legal and technical aspects of every property is verified before any sale is conducted. We are also giving housing loan at an interest rate of ten to 10.5 per cent. Most NRIs in Muscat usually buy properties in a range of R2mn (RO14,468) to R5.5mn (RO39,786).''
Some of the developers who took part in the fair included ATS, DLF, Emaar MGF, Godrej Properties, Hiranandani Constructions, Lodha Group, Mahindra Lifespaces, Nirmal Lifestyle, Tata Realty, Unitech, Vatika, Brigade Enterprises, BSCPL Infrastructure, Real Value Promoters and Mantri Developers.<