US realty slump to turn attention towards India

MUMBAI: Cushman & Wakefield, one of the world’s largest property consultancy firms, said the real estate downturn in the US could continue and that India, China and the Middle-East will become even more attractive as these markets offer huge opportunities for investment.

The US-based property consultant also said that more financial institutions in the US and Europe are likely to face financial problems in the coming weeks.

In an interview with ET, John C Cushman III, chairman of the board, Cushman & Wakefield said, “More bad news could come. We are facing new challenges everyday. Though there is a debate on whether this is a recession or not, in the coming months more bad things are waiting to happen.”