~Mega Property Fair with attractive benefits at Chennai Trade Centre, Chennai, 2 nd to4 th November 2018~
Chennai- November 02, 2018:LIC Housing Finance exclusive mega property fair “UNGAL ILLAM 2018’ kicks off at Chennai. The 21 st edition of the property fair is being conducted from 2 nd to 4 th November 2018at Chennai Trade Centre, Hall 1, Nandambakkam, Chennai.
The fair is being inaugurated by Shri Vinay Sah, Managing Director and CEO, LIC HFL on 2 nd November 2018 at 12.00 PM. The Title Sponsor of the event is Nova Lifespace Pvt Ltd.
The major attraction for customers is that they can get registered and avail the benefit of NIL processing fee provided the loan is sanctioned before 30 th November 2018. On display during the event will be more than 100 projects ranging from affordable homes to luxury high end apartments. It is also expected that new projects will be launched by some builders during this mega show. Prospective customers can look forward to value deals and discounts from the participating builders.
Started as a modest property exhibition, UngalIllam has evolved as a marquee event over the last 20 years with the participation of more than 75 reputed Real Estate developers. The two-decade old mega event was humbly started in 1997 with participation of 15 builders. The expobrings under one roof properties of varied ranges and also financing options from LIC HFL. Customers can also get spot sanctions to help them identify properties according to their eligibility and budget. Guidance will be provided by officials of LIC HFL regarding the technical aspects and their loan eligibility which will help buyers make informed decisions. The showhas been receiving overwhelming response over the decades makingUngalIllamas a much-awaited event for prospective home buyers.
The company under its loan scheme Griha Siddhi offers maximum tenure of 30 years for all its housing loan products. Rates of interest starts from 8.70%. First time home borrowers can avail additional benefits under Pradhan Mantri Awas Yojana Credit Linked Subsidy Scheme (CLSS) up to Rs.2.67 lakhs.
LIC HFL has been demonstrating strong growth in loan disbursements with a CAGR of 18%. For the year ended 31.3.2018, the Company recorded a disbursement of Rs.49378 Crores, a growth of 19% over the previous year. The income of the Company grew at a CAGR of 13% and registering a profit after tax of Rs.1990 Cr for the year ended 31 st March 2018. The Company continued with its good run in the first quarter of FY19where the loan book grew at a healthy clip of 15% year on year and stood at Rs. 168652 crores.The Company has a wide network of around 12000 marketing intermediaries who have specialized field force to provide hassle free service to home aspirants.
Southern Region comprising the states of Tamil Nadu, Puducherry and Kerala has 49 Marketing Offices and 5 Back Offices. Chennai and its suburbs have 19 marketing offices. The Regionholds around 21% of the loan book of the Company. For the year ended 31 st March 2018, the Region disbursed about Rs.7736 crores.
About LIC Housing Finance
LIC Housing Finance Ltd is one of the largest housing finance companies in India having one of the widest networks of offices across the country and representative offices at Dubai & Kuwait. In addition, the Company also distributes its products through branches of its subsidiary LICHFL Financial Services Ltd. LIC Housing Finance Ltd was promoted by Life Insurance Corporation in 1989 and a public issue was made in 1994. It launched its maiden GDR offering in 2004. The company enjoys the highest rating from CRISIL & CARE indicating highest safety about the ability to service interest and repay principal.