Peak, Plateau or Prolonged Run?

27 May 2026 CW Team

Visualise the real-estate market through the property clock concept, where the 12 o’clock position represents the peak and the 6 o’clock position the slump. A unique feature of this clock is that changes in market indicators become marginal near the peak. So, the growth between 11 and 12 is slower than that between, say, 9 and 10, while 12 to 1 sees the beginning of a mild decline before any sharper correction emerges. In fact, the mildness of these variances near the peak make it difficult to declare that the market has topped out.

Yet, here’s the thing: several city markets – because, importantly, there is no India cycle, each city moves through its own trajectory – may now be approaching their peak, according to Gulam Zia, International Partner, Senior Executive Director - Research, Advisory, Infrastructure and Valuation, Knight Frank India...

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