LIC Housing Finance Ltd., to organize 'Home for All Expo' on May 7-9

• Participation form leading developers like Unitech, Amrapali, Vipul, Assotech, ATS, Gaursons, Parsavnath, Emmar MGF , Pashupati Builders, MVL, Vatika etc.
• Primarily intended at benefiting first-time home buyers as they get to compare myriad offerings from different developers all under one roof
• The expo to give a new thrust to the company’s housing finance business which saw impressive growth in the last fiscal

Now that the economy has emerged out of the recessionary period and corresponding improvement in the real estate business scenario in the country, LIC Housing Finance Ltd. (LIC HFL), one of the largest housing finance companies in India, has announced its plans to organize a comprehensive real estate exposition called ‘Homes for All’ on 7th, 8th and 9th May, 2010 at Pragati Maidan, New Delhi.

Targeted primarily at the first-time home buyers, the exhibition will feature the best of offers in residential real estate properties segment in Delhi-NCR and surroundings from leading builders including Unitech, Emmar MGF, Amrapali, Vipul, Parsvnath, Assotech, and ATS amongst many others.

“The expo will help buyers to find all the major real estate companies at a single platform thus saving them from the difficulties they generally have to undergo in contacting every developer and comparing their multiple offerings. Since, they invest their hard-earned money for a dream-home, it is important that they make informed choice. LIC HFL’s Homes for All Expo serves this purpose and makes it easy for customers, including first time buyers, to choose right,” elucidated Mr. Mahendra Kumar, Regional Manager, LIC Housing Finance Ltd.

LIC HFL has given a new impetus by registing a growth of 65.56% in sanction and f 69.52% in disbursement during 2009-10 which was much above the industry growth. The NPAs have also reduced drastically which now matches with any international standard.

LIC HFL has further been conferred a prestigious “Most Preferred Housing Finance Co” (runnerup category) by Outlook Money Profit Awards 2009 for its transparency and innovative products.

About LIC Housing Finance Ltd.

LIC Housing Finance Ltd. is one of the largest Housing Finance companies in India. Incorporated on 19th June 1989 under the Companies Act, 1956, the company was promoted by LIC of India and went public in the year 1994. The main objective of the Company is providing long term finance to individuals for purchase / construction / repair and renovation of new / existing flats / houses. The Company also provides finance on existing property for personal needs (for children marriage/education, business etc). It also gives loans to professionals for purchase / construction of clinics / Nursing Homes / Diagnostic Centres / Office Space and also for purchase of equipment.