India is hot for real estate investment
Knight Frank, the leading independent global property consultancy, says the global real estate market is going through one of its toughest phases. According to Nick Thomlinson, the general picture remains sluggish across the board, but the key market in slowdown mode at the moment is the US. He fells it is not just the residential housing market in the US where the funding has dried up but also the commercial segment. In this interview he talks about the slump in the US housing market and potential of growth in Indian realty sector.
NDTV: Do you see a cooling off in the real estate prices in different markets?
Nick Thomlinson: No doubt the real estate prices are cooling off more faster in some areas. The prices are cooling off in Europe and it is gradually spreading across India and Asia Pacific.
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