In its latest report 'India Residential, H2 2015', CBRE said residential demand remained sluggish with housing sales dipping by around 17 percent compared to the first half of 2015.

Hyderabad and Mumbai were the only exceptions that witnessed balanced sales activity.

New project launches declined by nearly 31 percent compared to the first half of 2015 as a result of weak pace of residential sales across India.

Capital values and rents in most markets maintained status quo. In the premium/luxury segment, capital values remained stable barring the housing markets of Bengaluru and Delhi-NCR.

Bengaluru witnessed capital value appreciation across eastern, south eastern and southern markets owing to sustained occupier demand and limited availability of premium stocks in these locations.

Delhi-NCR, however, witnessed a marginal dip in capital values in the range of 2-4 per cent across Vasant Vihar/Anand Niketan, Shanti Niketan/Westend, Chanakyapuri and Greater Noida Expressway.

Capital values across the high-end and mid-end segment also remained largely stable across cities except for Hyderabad and Delhi-NCR.

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