mumbai fitch ratings has said that it expected residential property prices to remain stable as builders are option to offer easy payment solutions rather than lowering prices this was indicated by fitch ratings on monday in a report on the outlook 2016 indian home builders residential property prices should remain resilient in 2016 supported by improving demand home builders have been reluctant to reduce prices and have instead used easypayment schemes to woo buyers said fitch in its report as a result there has not been a major price correction in residential real estate since at least 2011 shows residential price index published by the national housing bank of india realty developers are hopeful that easing interest rates change in economic scenario coupled with their strategy of modifying product configurations and offering incentives with an objective to prop up sales momentum will work in the second half of current financial year indias real estate sector has been witnessing weakness in sales momentum rising inventory and debt levels for the past three years fitch ratings said that it expects home builders presales to improve by 510 over 2016 the rating company expects deleveraging of builders to be gradual because many companies introduced easypayment schemes in the last 1218 months that will delay cash payments from buyers presales rose by 18 in the financial year ending march 2015 for the seven large home builders that fitch has tracked in this report four of these companies continued to report strong presales in the six months to endseptember 2015 the average selling price for the sample of companies included in fitchs report in first half of this fiscal year was 13 higher than in comparable period of 2015 but primarily because the sales mix shifted to higherend units