Winkworth has informed that it plans to open office in Bangalore. The group has signed a master franchising agreement in India as its first step to enter India.
London based largest chain of real estate agents’ franchiser Winkworth has said that it plans to set up offices in Bangalore. The firm has put ink on a master franchising agreement with Narayanan Soundararajan.
Winkworth is reported to have a plan to expand internationally. Its India entry is only part of their expansion. International residential market remains their key target.
Once the office in Bangalore is opened, the group will establish offices in various cities of the country. The group has already sought some locations in Delhi and Chennai for setting up offices. While these offices are to be opened by the end of this year, the Bangalore office is expected to be opened by the end of this month.
For establishing its foot in India, the firm hopes that their alliance with Soundararajan will help them. He is a man of greater knowledge and vast experience.
Soundararajan was earlier the MD (India) of Royal Bank of Scotland. He also has vast experience with his work experience with various other firms of good reputation.
Soundararajan will be a key player in the expansion of Winkworth. He will be financing and operating the Bangalore office. All the Indian offices of the London firm will be managed by him.
We aim to provide better services to our clients, commented a senior official of the London based firm, when asked about the plan to launch offices in India. The firm is also reported to have entered in talks with some of the top real estate developers as well.
Collaborating with the developers, they aim to help the NRIs to buy out properties in India. However firm has said that it will stand only with one of the parties when the property transactions take place.
