The Ungal Illam 2011 from July 15, 2011 to July 17, 2011. The timing being 10 a.m. to 8 p.m. The entry for this fair is free.
If you are looking for a one stop solution for your property needs you can visit such fairs and get to know about various projects and homes that are currently on at in and around Chennai.
Speaking to reporters on the sidelines of the LIC HFL's property exhibition here Mr. V. K Sharma Director and Chief Executive Officer said, '' LIC Housing Finance Ltd plans to launch a Rs 500-crore venture capital (VC) fund for urban infrastructure development by September. LIC Housing Finance had already started the process for launching the fund. The company is also planning to launch a pure fixed rate housing loan product"
LIC Housing Finance would raise interest rates if the Reserve Bank of India (RBI) increases its key policy rates. “The increase in interest rates is squeezing our margin. We did not increase the rates when the central bank revised these last time. We are waiting for the RBI guidance and if the rates are increased again, we also have to go for a rate hike.
There would not be more than two upward revision in interest rates in future. However, We hopes that the rates would come down after that” said Mr. V.K.Sharma. ..
The current interest rate of LIC Housing Finance is around 10.15 per cent for loans up to Rs 20 lakh and around 10.75 per cent for loans above that, on floating rate basis.
The company is expecting a net interest margin of 2.7-2.8 per cent this financial year. It has a nine per cent market share in the country’s housing finance business and is expecting a 25 per cent overall growth this financial year. It is also looking at a loan disbursement of Rs 5,500 crore in southern states, compared to Rs 4,125 crore in the previous financial year.
About LIC Housing Finance..!
LIC Housing Finance Ltd. is one of the largest Housing Finance company 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 launched its maiden GDR issue in 2004. The Authorized Capital of the Company is Rs.1500 Million (Rs.150 Crores) and its paid up Capital is Rs.950 Millions (Rs.95 Crores). 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
The Company possesses one of the industry's most extensive marketing network in India : Registered and Corporate Office at Mumbai, 6 Regional Offices, 13 Back Offices and 181 marketing units across India. In addition the company has appointed over 773 Direct Sales Agents (DSAs), 3400 Home Loan Agents (HLAs) and 615 Customer Relationship Associates (CRAs) to extend its marketing reach. Back Offices spread across the country conduct the credit appraisal and administrative functions.
The Company has set up a Representative Office in Dubai and Kuwait to cater to the Non-Resident Indians in the GLCC countries covering Bahrain, Dubai, Kuwait, Qatar and Saudi Arabia. Today the Company has a proud group of over 10,00,000 prudent house owners who have enjoyed the Company's financial assistance.
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