India’s real estate sector is seeing high investment returns at the moment and prices could rise by up to 145%, according to a survey by Knight Frank.

Annual returns of 18-29% are possible over the next five years and of the cities reported on, Mumbai will remain the most promising destination for investment, with Delhi, Chennai, Pune and Bengaluru following, according to the company’s executive director Gulam Zia.

All of these areas are expected to face price appreciations of between 90-145% and the report predicts that, within the next five years, Mumbai’s Ulwe, Wadala and Chembur will see price rises of 145%, 133% and 125% respectively.