Leading online investment platform for developers and property owners, Waugh Global, founded by former Australian cricketer Steve Waugh, has partnered with HomeUnion, an online real estate firm providing all of the services investors need to buy, sell and manage real estate.
Waugh said the partnership is a great opportunity for theinvestors in India to avail of a system that is clear of the"complicated contrivances and get great returns."
"We offer access to more than 200,000 properties across India and the subcontinent, which is empowering investors from India and all over the world to invest in this nation's emerging economy," he said.
"Further, with this partnership, we provide a unique offering for investors across India, Australia and New Zealand to own assets in the U.S. In addition Waugh Global would exclusively market HomeUnion in these markets," he added.
HomeUnion CEO Don Ganguly said the company recently raised USD 16 million in a Series B funding.
The financing included new investors such as Colchis Capital, Northgate Capital, and Tamarisc with participation by Artiman, he said.
To date, HomeUnion has received a total of USD 23 million in funding from venture capital firms and "we have closed more than USD 50 million in real estate transaction notes,"he said.
Housing prices in the United States have gone up by 7.2 per cent over the past year and projected to increase by another three per cent year this year, Ganguly said.
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