Mumbai, Delhi good real estate investment destinations: Report

India is among the top real estate investment markets in Asia in 2010, with Mumbai ranked second only to Shanghai as the most promising development market and Delhi at fourth, a report said here today.

The Emerging Trends in Real Estate Asia Pacific 2010 report, released in India today by the Urban Land Institute (ULI) and PricewaterhouseCoopers Pvt Ltd (PwC), which provides an outlook on Asia-Pacific real estate investment and development trends, pointed out India, and in particular Mumbai and Delhi, as good real estate investment destinations.

Residential properties are being viewed as more promising than other sectors in India, the report said.

"The relatively stronger fundamentals, and the lack of dependence on foreign demand are seen as key advantages as India has managed to mitigate the severe recession that has hit most other Asian countries," India leader for real estate practice at Pricewaterhouse Coopers Gautam Mehra, said.

"The recapitalisation by players in equity markets across Asia has been successfully replicated by some Indian developers, which has helped ease the liquidity stresses" he added.