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Fri, Dec 11, 2009
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Mumbai's property outlook still strong

By Patrick Jonas

IF YOU think the Mumbai terror attacks had sowed seeds of doubt in investors looking at that city, think again.

In a survey titled Emerging Trends in Real Estate Asia Pacific released by Pricewaterhouse Coopers (PwC) and the Urban Land Institute (ULI) on Dec 8, Shanghai, Mumbai and New Delhi finished first, second and fourth in that order when it came to development prospects.

Mumbai and New Delhi along with Bangalore also figured in the list of cities which have good investment prospects - eighth, 10th and 14th respectively. Singapore scored higher in investment prospects, coming in fifth, while it took the 11th spot in development prospects.

The survey was done after a series of one-on-one interviews with people who move the real estate industry. Here's a look at how the three Indian cities fared.

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