Shojin launches joint venture in India
Shojin has launched a joint venture in India as it continues its focus on global expansion.
The peer-to-peer property lender has formed a partnership with Indian property investment platform Myre Capital.
The platform offers a fractional property ownership model for investors.
Investors using Myre Capital’s platform will now also be able to back Shojin’s UK real estate opportunities, with the goal in the near future for Shojin’s global investor pool to also access projects in India
Read more: Shojin predicts price growth and shift to green properties for 2022
“We already know that the online real estate market is set to boom over the coming years, and this partnership with Myre Capital in India will ensure that Shojin remains at the forefront,” Jatin Ondhia, chief executive of Shojin, said.
“There is a great deal of existing and growing middle market wealth in India and Myre Capital’s most recent research shows that millennial investors have an increased appetite for commercial real estate investment.
“The next generation of investors are looking for transparency, competitive returns and a tech-enabled experience, which is what online property investment offers. We look forward to working together towards the common goal of unlocking lucrative real estate opportunities for mass affluent investors and helping to spread wealth globally.”
Aryaman Vir, chief executive of Myre Capital said the platform was excited to bring a variety of opportunities to its investor base.
“With an aligned vision and robust framework, we will be able to curate a global selection of real estate investment opportunities,” Vir said.
In February, Shojin had revealed that it was working on agreements to distribute products through local partnerships in India and the UAE and raised over £850,000 for its first international project outside of the UK, in Malaysia.
