Winkworth expands empire into India

Estate agent M Winkworth has launched an expansion programme across the Indian subcontinent with the opening of a first office in Bangalore.

Estate agent M Winkworth has launched an expansion programme across the Indian subcontinent with the opening of a first office in Bangalore.

The London estate agency plans to open offices across all major cities in India, with Chennai and Delhi branches planned for later this year.

Winkworth stated that it plans to go against the grain of traditional Indian house purchases by working for only one party in each transaction rather than for both sides as has locally been the case.

Narayanan Soundararajan, a former Royal Bank of Scotland regional direction in India, has taken on the master franchise for India and will look to build close relationships with credible property developers.

He said: "India is a rapidly growing real estate market, particularly in the luxury segment, so there is a great opportunity for an international brand like Winkworth, that combines global expertise and local knowledge, to enter the market."

As the company has seen a high demand from Indian buyers in London, the Indian franchised offices will work with Winkworth's UK network to offer support and advice to prospective clients looking to buy in the UK, and vice versa.

Chief Executive Officer Dominic Agace said: "The Indian property market has gone from strength to strength over the last decade and is now considered to be one of the most vibrant real estate markets in the world."

Shares in M Winkworth were up 1.0% at 104.5p at 13:40 on Monday.

OH

Recommended

The top funds to invest in now
Funds

The top funds to invest in now

As market volatility continues, here are the top funds, stocks and investment trusts investors are putting their money into, according to one investme…
2 Dec 2022
7 sin stocks to buy yielding up to 8%!
Share tips

7 sin stocks to buy yielding up to 8%!

Sin stocks don’t have the best reputation, but when it comes to investment returns, they’re certainly worth a closer look.
2 Dec 2022
Share tips of the week – 2 December
Share tips

Share tips of the week – 2 December

MoneyWeek’s comprehensive guide to the best of this week’s share tips from the rest of the UK's financial pages.
2 Dec 2022
3 emerging-market stocks to watch
Share tips

3 emerging-market stocks to watch

The top emerging-market stocks to keep an eye on, according to Union Bancaire Privée’s Eli Koen.
1 Dec 2022

Most Popular

Is it cheaper to leave the heating on low all day?
Personal finance

Is it cheaper to leave the heating on low all day?

The weather is getting colder and energy bills are rising, but is it really cheaper to leave the heating on low all day or should you only turn it on …
1 Dec 2022
Radiator vs electric heater – which is cheaper?
Personal finance

Radiator vs electric heater – which is cheaper?

We compare the costs, pros and cons of radiators and electric heaters and see which one will help keep your energy bill as low as possible.
28 Nov 2022
The pros and cons of smart meters – should you switch?
Personal finance

The pros and cons of smart meters – should you switch?

A smart meter can help you keep tabs on your energy usage, but is it better than a regular meter? We take a look at smart meters vs regular meters.
2 Dec 2022