Jones Lang LaSalle (JLL) expects foreign investors to deploy upto $5 billion in the country's realty sector in another two years.

He feels that Bangalore, Delhi and Mumbai are emerging as favourite real estate investment destination. Alastair Hughes, the Asia Pacific CEO of JLL said foreign investors are now looking with a renewed interest at India, given its still robust economic growth rate as that bodes well for good returns to their investments.

He also said that the early foreign investors in India, who came in around 2006-07, did not have very good experience, partly because of their inexperience in doing business in India and partly because of global financial crisis.

He said this while speaking at the World Economic Forum (WEF) Annual Meeting in Davos. They don't seem to be perturbed by it as India's growth rate is still an attraction, according to him.

He added that there is more international money today waiting to be invested in India than any of the last five years. Overseas investors have invested $14 billion into the Indian real estate sector over the period from 2006 to 2012.