According to a study by PricewaterhouseCoopers (PwC) and Urban Land Institute, a global non-profit education and research institute, India tops the rank of top real estate investment markets in Asia for 2010.

The report “Emerging Trends in Real Estate® Asia Pacific 2010” provides an outlook on Asia-Pacific real estate investment and development trends. It points out that India, particularly cities like Mumbai and Delhi, are good destinations. Also, residential properties are viewed as more promising than other sectors. Further,

India‚s lack of dependence on foreign demand from consumers has been the key advantage for this country as it has managed to avoid the severe recession that has hit most other Asian countries.

Mumbai, and New Delhi are second, and fourth, respectively, for real estate development opportunities

Mumbai, Delhi and Bangalore top the pack in the hotel `buy" prospects as well.

The 2010 edition represents a consensus outlook for the future and reflects the views of more than 270 individuals who completed surveys and/or were interviewed as a part of the research process for this report.