Indiabulls inks pact with Doha Bank for NRI home loans

4 Oct, 2012, PTI

DUBAI: Indiabulls Group has entered into an agreement with Qatar’s Doha Bank for offering mortgage loans to latter’s NRI customers for acquiring properties in India.

The agreement was signed by Doha Bank Group CEO R Seetharaman and Indiabulls Group Executive Director Ajit Mittal.

“The tie-up with Indiabulls will provide an opportunity to Doha Bank NRI customers to approach for Housing Loans to purchase property in India… Doha Bank is only bank in Qatar to have such arrangements for its NRI customers,” Seetharaman said.

Indiabulls Group Executive Vice President Kubeir Khera was also present on the occasion.

Commenting on the alliance, Mittal said the partnership with Doha Bank marks an important milestone in Indiabulls’ quest for a global footprint.

“We are very proud to have partnered with Doha Bank, which is one of the largest retail banks in Qatar – we would serve the growing demand from expatriate Indians for home loans and property acquisition. Our housing projects have evoked a tremendous interest among the NRI community,” he said.

Indiabulls Group is one of leading business houses in India in the areas of housing finance, real estate and infrastructure development. Indiabulls Housing Finance Company has presence through 180 branches in 100 cities across India.

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