Winkworth has announced that it will open its offices in Bangalore. The group has already signed a master franchising agreement in India.
Winkworth, a franchisor with the largest chain of real estate agents in London, has announced that it will open up offices in Bangalore.
The group has already signed a master franchising agreement in India with Narayanan Soundararajan. It is considered as a part of their new venture to expand internationally. With the signing of franchise agreement in India, the group has stepped in to the international residential market.
With the franchise-agreement with Narayanan Soundararajan, the real estate agent hopes to establish offices across India. They plan together to set up offices in all the top cities.
The Bangalore office will be financed by Soundararajan. The office is expected to be opened in this month itself. In the same way, two more offices- one in Delhi and the other in Chennai, also are to be opened by the end of this year.
All the Indian offices of Winkworth will be managed by Soundararajan whose vast experience in the real estate development will be a good asset to the London based firm.
He also had worked earlier as the MD of Royal Bank of Scotland in India. He also has worked along with various reputed brands including foreign brands.
Winkworth officials said that the group aim to establish a London model chain of real estate agents in India. It will help us provide better services to the customers, the official added.
Winkworth also plans to build cordial relations with the reputed developers in India. By this, they aim to focus on the domestic Indian housing market. However the firm will deal with only one party in the property transactions and not the both.
While the London firm aims to help their customers who wish to buy properties in India, collaborating with the London firm Indian agents hope to help the domestic customers who wish to buy property in London.