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Big churn at global real-estate consultancies JLL India and C&W

Cushman & Wakefield saw many senior executives quitting after its former managing director Sanjay Dutt quit in 2016 to join Singapore-based Ascendas Singbridge

Realty firms struggle with record Rs 99,000-cr unsold inventory
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Raghavendra Kamath Mumbai
International property consultancies are witnessing a lot of churn among senior executives.
 
At JLL India, after its chairman Anuj Puri quit last year, Santosh Kumar, chief executive officer-operations, and Shobhit Agarwal, managing director-capital markets, also stepped down recently.
 
After quitting, Puri had set up his own firm Anarock Property Consultants. He had bought out the residential business of JLL, and about 200 brokers from JLL had joined him. Since then, he has set up a team of 1,000 executives.
 
While Kumar joined Anarock as vice-chairman, Agarwal said on Wednesday he had set up his own property-focused invest