mumbai not just political scandal mumbais fall as a real estate investment destination has been attributed to lack of transparency too a price waterhousecoopers official said transparency was another reason realty investments in mumbai had come to a standstill when the bmc overhauled building rules to make them more stringent for unscrupulous developers who used to manipulate habitable and nonlivable spaces in their buildings the emerging trends in real estate asia pacific 2013 report quotes an investor who said in a way it has been a blessing in disguise as it has allowed the city to work out its oversupply problem property valuations in mumbai are unlikely to rebound until these issues are fully resolved the report said according to it local developers are more aggressive and so more stressed because they appear willing to borrow money at expensive rates mumbai is likely to be a good destination for opportunistic capital looking to leverage against developer stress the report stated its not jut mumbai that has seen a dip in its ranking delhi has slipped from 5th slot in 2011 to no 21 while bangalore has tumbled from no 10 in 2011 to no 19 because of its overreliance on the sluggish global it industry according to the study the top investment markets for 2013 are jakarta shanghai singapore sydney and kuala lumpur jakarta has been described as a surprising choice given the citys lack of investment grade stock and its economy which while growing lacks the enterprise scale and infrastructure of its more developed neighbours however it said the city was seen by real estate professionals as the most favourable emerging market in the region with business transactions being simpler and more transparent than in other markets like vietnam demand for property is strong resulting in yeartoyear office rents leaping by 29 it said jakarta had been ranked a lowly 14th in 2011 for the third year shanghai is at the number two position however shanghai is not as appealing to foreigners today as it was earlier this is partly because markets have become saturated and chinese regulators are now not as welcoming as they once were it said although sales have dropped in the commercial sector the city remains firmly on the radar for domestic buyers and many foreign funds with a mandate to invest in chinese real estate