mumbai 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 todaythe 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 asiapacific real estate investment and development trends pointed out india and in particular mumbai and delhi as good real estate investment destinationsresidential properties are being viewed as more promising than other sectors in india the report saidthe 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 pricewaterhouse coopers gautam mehra saidthe recapitalisation by players in equity markets across asia has been successfully replicated by some indian developers which has helped ease the liquidity stresses he addedaccording to the report shanghai hong kong and beijing are the top three real estate investment prospects shanghai mumbai and new delhi are first second and fourth respectively for real estate development opportunities with ho chi minh city ranked third for development prospects it saiddevelopment has increased in all property sectors in mumbai the report observed construction of affordable housing is particularly strong as the government continues to lower mortgages and the middleclass is being offered goodquality honest accommodationsinvestments within the hotel sector are a stable prospect as india is projected to be the secondfastest growing tourism market in the world it saidsimilar to mumbai new delhi remains fairly stable in its movement from the 2009 emerging trends publication in addition to residential buying opportunities the city is expected to prosper from increased tourism and shows signs of market recovery in the coming year the report saidreal estate investments and developments in bangalore are not seen as capitalfocused compared to last year the report saidsince the onset of the global economic meltdown asset markets in the asiapacific region have been holding up surprisingly well compared to their peers in europe and the united states the report statedwhile both pricing and rentals in the region fell steeply in 2008 and early2009 in step with those in the west markets across the asiapacific region have been boosted in the secondhalf of the year by the remarkable resilience of the chinese economy which has been buoyed by a series of fiscal and monetary stimulus measuresas a result many asian markets have begun to flash positive signals toward the end of 2009 transaction volumes have rebounded albeit from a very low base and led overwhelmingly by china the report saidsince the onset of the global economic meltdown october last year asset markets in the asiapacific region have been holding up surprisingly well compared to their peers in europe and the us the report notedit further stated that while both pricing and rentals in the region