MUMBAI: After a stellar innings in International cricket, former Australian cricketer Steve Waugh is now entering the pitch of Indian real estate. Waugh, one of the best Australian test cricket captain, has set up a property platform specifically for Non Resident Indians (NRIs) looking to buy properties in India.
The portal, waughglobal.com, is the first such platform designed to specifically serve the growing NRI market. The platform will sell Indian premium properties in India to NRIs and Persons of Indian Origin (PIOs) across the world. It will also offer other allied services including banks finance, property management and other required assistance for these high networth clients.
“I have always seen India as a land rich in opportunities and am excited to be in the Indian real estate market. Am sure, our portal will facilitate greater investment into the country that has given me so much,” Steve Waugh, Founder .
Waugh has started his new venture with three more partners–Dean Honan, Simon Szewach and Neil Honan.
The company will also get International brokers, who are already serving NRI clientele, on the board.
“It’s a large market. There are over 22 million NRIs across the globe with total $360 billion in investible assets. We are aiming to conclude deals worth $600-700 million by December 2016 and take it to $1 billion by financial year 2017 end,” said Dean Honan, MD, Waugh Global.
NRIs and PIOs across the globe are achieving higher success, are keen to invest in their home country and even Prime Minister Modi is encouraging them to invest in India, Honan added.
Waugh, who is already associated with various NGOs in India, is planning to commit donating a certain percentage of every sale through Waugh Global into community groups in India.