In the case of former Australian skipper Steve Waugh, he plans to expand on his extensive charity work by selling properties in India, reports The Sydney Morning Herald.
Waugh Global Reality – which will launch early next year - is part-owned by Waugh, an investment banker Dean Honan and an Indian development tycoon, Tarun Mehrota of Puri Constructions.
Their goal is to sell off-the-plan investment properties, which are predominately apartment complexes, in the outer suburbs of some of the biggest cities in India. Their target audience are Indian expats living in Australia, while tenants will be found in India.
Even though they will start off by selling luxury properties, they hope to eventually offer mid-range options as well.
Investors, as opposed to owner-occupiers, are likely to be the chief buyers, and a proportion of the profits will go to charitable causes.
As for consumers who are wary of corruption, the company will be very selective about who they work with.
“We see that as our point of difference – we only partner with the most prestigious, the most trusted developers in India,” he told The Sydney Morning Herald.
Both Waugh and Honan believe that since Prime Minister Narendra Modi has taken over, the subsequent opening up of the markets and removing of barriers means there are now a plethora of exciting opportunities for the Indian market.
