Homzhub extends cross-border real estate solutions to India
After the first round of funding from a group of angel investors, Homzhub, Singapore-based startup, has announced its venture in selected cities of India to help investors manage properties through homzhub.com and to seamlessly invest in India as well as Singapore. The funds will be arranged to increase its technological platform, expand its user base and establish the grounds for pan-India expansion.
The website has a strong focus on respecting confidentiality and safeguarding the customer data. This translates into a valuable scheme that, while all properties on the platform are duly verified, the property owners are never bothered by pesky calls and messages.
Bharat Mandloi, a serial entrepreneur, veteran investor and Homzhub’s Board of Director pointed, “I exited my real estate investments in India as I faced enormous challenges in managing my assets. The industry is opaque and grappling with issues such as loss of confidence in property developers, lack of trust between landlords and tenants, and questionable ethical standards of intermediaries. The real estate market is ripe for disruption.”
Landlords spend significant money and valuable hours on finding the properties for investments, then renting and managing them without deeper insights on their financial performance. The occurrence is highly demanding especially when property-owner is not in the same city and do not have a dependable person to take care of the property.
Harish Taori, Founder and Chicago Booth Alumnus, said, “Our vision is to build cutting edge technology platform and evolutionary business model to nurture harmonious ecosystem, where Landlords, Tenants, Developers and Real Estate Agents execute property transactions in a highly efficient manner with complete peace of mind.”
The company has an exhaustive layout of 100,000 user sign-ups by the end of the year. It will be expanding its sales and support existence to other cities with the highest priority being Bangalore. It is working on the plans to expand its trajectory across the country to become a player in India within three years’ time.