BWI: Citibank Presents Property Exhibition for Dubai NRIs

Press release from Business Wire India
Source: Citi
Thursday, October 08, 2009 02:56 PM IST (09:26 AM GMT)
Editors: General: Consumer interest; Business: Advertising, PR & marketing, Banking & financial services, Business services, Construction, Real estate
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Citibank Presents Property Exhibition for Dubai NRIs


Mumbai, Maharashtra, India, Thursday, October 08, 2009 -- (Business Wire India) -- Continuing its tradition of partnering Global Indians in owning a property "back home" in India, Citibank today announced its presentation of the IndiaHome Property Exhibition in Dubai. Organized by Media Agency Middle East and Signature Events, the Exhibition will be held over the weekend of October 9th, 10th and 11th at Raffles Hotel's Ballroom, Wafi City.

This one-of-a-kind exhibition will offer a unique opportunity to the large Indian diaspora in Dubai to get first-hand information on the range of residential real estate opportunities available in India and conduct in-person discussions with developers' representatives. Moreover, visitors can use the platform to understand the available Home Loan options that Citibank offers to its Non Resident Indian (NRI) customers.

The exhibition brings together prominent builders from across India to showcase their projects in Delhi, NCR, Chandigarh, Mumbai, Pune, Kolkata, Chennai, Bangalore, Hyderabad and Coimbatore. These are Brigade Enterprises Ltd., Chaithanya Projects Pvt. Ltd., Emaar MGF Land Pvt. Ltd., ETA Star Constructions, Fairy Land Foundations Pvt. Ltd, Gera Developments Pvt Ltd, Goel Ganga Group, Hiranandani Constructions Pvt. Ltd., Hiranandani Palace Garden Pvt. Ltd., Hiranandani Upscale, Jaiprakash Associates Ltd, K Raheja Corp, Kalpataru Ltd, Kumar Properties, Lancor Holdings Ltd., Paranjape Schemes (Constructions) Ltd., Sobha Developers Ltd, Three C Universal Developers Pvt Ltd.

Ashish Mehrotra, Head, Consumer Assets, Citibank India, said: "Owning a home in India is a long-cherished desire of all NRIs worldwide. However, the distance from the purchase location can be discouraging. We are delighted to present the IndiaHome Property Exhibition. We are confident that it will serve as a convenient interface for NRIs with India's reputed real estate developers and help make the purchase process seamless. Also present at the Exhibition will be our NRI mortgage counselors who will provide one-to-one guidance on the financing options available including facilitating on-the-spot loan pre-approvals.

"NRI customers can avail loans ranging from INR 20 lacs to upto INR 5 crores for ready-to-move and under-construction properties. Loans can be obtained under flexible repayment plans linked to construction milestones and periodic payments can be conveniently routed through the Citibank NRE/NRO Account, which comes with a host of attractive banking features."

Vipul Kapur, Business Manager, Citibank NRI Business, said: "Since we launched the NRI Home Loan programme in 1997, it has received a very enthusiastic response from customers in North America, Asia and the Middle East. I am confident that NRIs in Dubai too will fully leverage the value of this opportunity."

With over two decades of success, the Citibank NRI Business functions from over 74 centers across the globe. Managing assets worth over US$ 8 billion, 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 dedicated relationship managers.

About Citi

Citi, the leading global financial services company, has approximately 200 million customer accounts and does business in more than 140 countries. Through Citicorp and Citi Holdings, Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management. Additional information may be found at www.citigroup.com or www.citi.com


CONTACT DETAILS
Indu Aishwerya Anand, Citi, +91 (124) 418 6766, indu.anand@citi.com
Shreela Roy, IPAN Hill & Knowlton, +91 982 0149 119, shreela.roy@ipan.com
Lina Gokarn, IPAN Hill & Knowlton, +91 992 0321 565, lina.gokarn@ipan.com

KEYWORDS
CONSUMER, MARKETING, BANKING, BUSINESS SERVICES, CONSTRUCTION, REAL ESTATE

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