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Even though property prices in all major cities have been constantly rising over the last six months, investors can still make profit in real estate markets of Mumbai and New Delhi which enjoy the legacy of locational advantage.

Leading international property consultancy, Knight Frank and Citi Private Bank, have in their Wealth Report 2010 presented that the Mumbai and New Delhi realty markets still hold an important level of promise for potential investors.

While the first half of this financial year saw the residential sector in the country's major metros having improved volumes after the severe crash at end-2008 helped by increasing affordability, the game in the second half seems to be all about steady monthly volumes with increasing prices where Mumbai and New Delhi score over others. Mr Pranab Datta, vice chairman and MD, Knight Frank India said, "There are growing prime markets in every city of India. But, south Mumbai and south Delhi are the markets which are most high in terms of prices followed by Bangalore, Chennai and Hyderabad.

We anticipate that the prices especially in cities such as Mumbai and Delhi will return to the peak levels of 2008 in this year 2010."