 "real estate graph")
The real estate sector went through a couple of downward cycles in the past 10 years but hardly saw any upswing.
The collapse of Lehman Brothers and the global financial slowdown made private equity (PE) funds cut investments in the real estate sector, impacting property sales. While PE funds such as Wachovia and Lehman Brothers exited the sector, developers halted their hotel and special economic zone projects that needed large investments.
Developers almost stopped building office projects between 2008 and 2012, focusing instead on the residential market.
The residential sector looked up after 2011, but revival was short-lived. Observers say
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