Real estate space of Mumbai, Bangalore and Delhi will likely attract less international investments in 2013 than last year, according to a new report by PricewaterhouseCoopers (PwC) and Urban Land Institute.

The report titled "Emerging Trends in Real Estate Asia Pacific 2013" ranked Mumbai, Bangalore and Delhi at 19th, 20th and 21st spots, respectively, in the list of top twenty-two investment destinations.

Last year, Mumbai, Bangalore and Delhi were ranked at 10th, 15th and 12th positions, respectively.

PwC India's executive director Gautam Mehra socio-political and economic issues like escalating inflation responsible for international entities' less appetite for real estate in India.

Commenting on the findings, Mehra said, "Indian real estate may currently be grappling with certain socio-political and economic issues, particularly rising inflation; uncertainty on fiscal policies."

Jakarta, Shanghai, Singapore, Sydney and Kuala Lumpur were ranked as the top five investment destinations for next year.

The report is based on interviews of 130 individuals and survey responses from more than 275 executives working for property developers, realty services firms, investment banks, investment managers etc.