short as two or three years or as long as eight to 10 years. The plot prices rises on an average of
70 – 90% during the market uptrends and then fall on an average of 30 – 50% during the
downtrend. In other words, two steps forward and one step back.
Real estate cycles vary greatly. They differ in terms of length, degree and intensity. On
reviewing some historical data, we realized that most of the time, the real estate cycles have a
longer and higher upward trend in comparison to downward trend. It clearly means that, the
prices of property stay on higher trend for a longer period, even though the cycle can be violent
enough in short run.