Right mix of commercial and residential matters: 5 real estate stocks with upside potential of up to 47%

Like business and economic cycles, stock markets also have cycles where they will take a liking to a particular sector in such a manner that valuations will go through the roof. Then comes a phase, where the same sector is thrown down the dumps. Real estate sector is one sector where in 2008, valuations were at their peak. then come and fall and by the start of 2020 valuations were in the dumps. While they made a comeback when covid rally took place in 2020, multiple factors have kept the focus on the real estate stocks for the last more than two years. Given the changes which some laws have brought and the fact that some promoters have learnt the lesson the hard way, will the real estate stock be able to deliver consistent returns?