LIC Housing Finance plans various initiatives to woo home loan seekers

To organize a Builders' Meet on 28th May to kick off the plan

In the wake of an improving real estate scenario in India, LIC Housing Finance Ltd. (LICHFL), one of the largest Housing Finance companies in the country, has announced that its plans to attract home loan seekers with a number of initiatives including roadshows and exhibitions. LICHFL will initiate the activities with a road show called the Builders’ Meet on 28th May 2009 in Delhi, which will be followed by a comprehensive real estate exhibition called HOMES FOR ALL EXPO, scheduled for 12th–14th June 2009, 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 & surroundings from leading builders including Omaxe, Vipul, Parsvnath, Vatika, Raheja, BPTP, Jaypee Greens, Amrapali and Ashiyana amongst many others.

According to Mr. Mahendra Kumar, Regional Manager, LIC Housing Finance Ltd., “The Homes For All Expo will bring the buyers and the developers under the same roof after a real long time! The past several months have been extremely trying for the real estate sector as the buyers chose to stay away from the market. However, the situation is quickly improving and the buyers who have been waiting for the prices for real estate properties in the residential segment to bottom out must move fast if they want to be able to catch a good deal.”

LICHFL is expected to reveal the detailed concept and agenda of the HOMES FOR ALL EXPO at the Builders’ Meet. The company officials will also interact with various participants and deliberate upon the ways and means to showcase their offers to their target audience more effectively and attract the buyers.

“The first-time buyers of houses will greatly benefit if they take a buying decision now rather than wait for a few more months as with all the indications of a stable central government, the sector is well poised for revival,” elucidated Mr. Kumar.

Apart from the representatives of various real estate developers, the speakers at the LICHFL Builders’ Meet will include Mr. Mahendra Kumar, Regional Manager, Mr. Somnath Paul, Dy. Regional Manager and Mr. A.K. Jain, Asst. General Manger of LIC Housing Finance Ltd.

“The current level prices for real estate properties in the residential segment are being considered to be the best, with strong expectations from the same to slowly move upwards from here,” Mr. Kumar further added.

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 Company is recognized by National Housing Bank and listed on the National Stock Exchange (NSE) & Bombay Stock Exchange Limited (BSE) and its shares are traded only in Demat format. The GDR's are listed on the Luxembourg Stock Exchange.

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 business / personal needs and gives loans to professionals for purchase / construction of Clinics / Nursing Homes / Diagnostic Centres / Office Space and also for purchase of equipments.