UK real estate agent Winkworth forays in Indian mkt
Real Estate

UK real estate agent Winkworth forays in Indian mkt

Franchisor of London’s largest chain of residential estate agents, Winkworth, announced a new venture into the international residential property market with the signing of a master franchising agreement in India and the opening of a new office in Bangalore. A master franchise for India has been agreed with Narayanan Soundararajan with the aim of seeing Winkworth franchised offices opening across all major cities in India.

Besides the Bangalore office, which is to be opened and financed by Soundararajan this month, two more offices in Chennai and Delhi are planned for 2013 on the same basis. Soundararajan will manage the Winkworth Indian franchisor offices and, with extensive experience in real estate, is expected to be a great asset to the Winkworth team. Having worked as managing director for the Royal Bank of Scotland in India during his career in investment banking, Soundararajan also has considerable experience of working with an established and respected brand in a foreign market.

The firm said that the main aim is to create a network of franchises in India based on the UK model of franchised estate agency, with customer service being paramount.

Focused primarily on the domestic Indian housing market, the new franchised offices will work for only one party in each transaction rather than for both sides, marking a departure from the existing practice in India.

Franchisor of London’s largest chain of residential estate agents, Winkworth, announced a new venture into the international residential property market with the signing of a master franchising agreement in India and the opening of a new office in Bangalore. A master franchise for India has been agreed with Narayanan Soundararajan with the aim of seeing Winkworth franchised offices opening across all major cities in India. Besides the Bangalore office, which is to be opened and financed by Soundararajan this month, two more offices in Chennai and Delhi are planned for 2013 on the same basis. Soundararajan will manage the Winkworth Indian franchisor offices and, with extensive experience in real estate, is expected to be a great asset to the Winkworth team. Having worked as managing director for the Royal Bank of Scotland in India during his career in investment banking, Soundararajan also has considerable experience of working with an established and respected brand in a foreign market. The firm said that the main aim is to create a network of franchises in India based on the UK model of franchised estate agency, with customer service being paramount. Focused primarily on the domestic Indian housing market, the new franchised offices will work for only one party in each transaction rather than for both sides, marking a departure from the existing practice in India.

Next Story
Resources

REHAU acquires 1.05-acre land in Sri City

REHAU, the global polymer solutions provider, has acquired 1.05 acres of industrial land in Sri City, Andhra Pradesh, marking a key milestone in its expansion strategy in India. The land, secured on a 99-year lease, is located adjacent to the RED Star Polymers facility and will support scaling up the company’s manufacturing operations.This acquisition closely follows REHAU’s majority stake purchase (51 per cent) in RED Star Polymers Pvt Ltd, a PVC edgeband manufacturer, reinforcing its long-term commitment to the Indian market. The site offers strategic advantages in proximity, infrastruct..

Next Story
Resources

BSH unveils Bosch and Siemens brand store in Kolkata

BSH Home Appliances, a subsidiary of BSH Hausgeräte GmbH and global leader in premium home appliances, has launched its first exclusive Bosch and Siemens brand store in Kolkata. Located in the upscale Dhakuria neighbourhood, the store signifies BSH’s strategic push in East India, a region where it has recorded a 26 per cent CAGR between 2019 and 2025.Spanning 1,450 sq ft for Bosch and 850 sq ft for Siemens, the new showroom is operated in partnership with Multi-Channel Electronics. It offers customers a hands-on experience of BSH’s latest innovations, including AI-enabled ovens, high-capa..

Next Story
Products

Trusted Termite Solutions

Envu’s Premise, formulated with Imidacloprid 30.5% SC, is India’s only termiticide validated by CBRI and GreenPro. This non-repellent soil treatment eliminates entire termite colonies effectively. Trusted by architects, builders, and pest control professionals, Premise ensures long-lasting protection with a proven safety and performance profile.Contact: Envu IndiaWebsite: www.envu.com..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?