a strong linkage with the economic growth of a country and any signs of a slowdown in the domestic economy can have a cascading effect on the health of the realty market the report says among the various segments of the real estate market office retail and hospitality are relatively more prone to the vagaries of the macroeconomic situation as compared to the residential segment the report adds that the health of the residential market in cities such as bangalore chennai and pune has remained relatively stable over the last one year the health of the ncr market on the other hand has improved marginally from december 2012 to march 2013 as the quantum of new launches has significantly reduced during this period