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The status quo of real estate prices is a positive sign and implies that market correction has been achieved and it is headed towards stabilisation. The illustration below shows the property supply and demand in major cities of India. NCR has been the worst hit, whereas southern cities like properties in Bangalore and Hyderabad have shown progress backed by the IT sector expansions. Launch of new residential projects declined by 31% across India. The focus in 2015 had been to reduce the existing inventory, which continued in the first two quarters of 2016 and is likely to be the trend for the balance duration of 2016. Two major issues which the real estate sector and especially the builders need to handle is one the delay in completion of projects and second, the piling up of legal litigations with end users. These two factors are having the biggest negative impact on market sentiment. Humane sentiment plays a major role in at least the legal litigations which in majority of cases can be resolved with mutual consent or arbitration.
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