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Realty prices stabilised - Mohan Gurnani of Moraj Group

Mohan Gurnani, Chairman of Navi Mumbai-based Moraj Group, responds to bizbuzzindia.com survey on RERA and realty check”

Has RERA era been able to improve transparency in the industry?

  • Yes, RERA has certainly improved transparency and over a period of time it will mature and there will be a good climate in building industry.

Are the prices stable now? Is this the best time to buy?

  • The prices have by and large stabilised and now there is no room for them to go down. It can only rise.

What factors will influence future price rise, if any.

  • Public sentiment will be positive in time to come and that will create demand. However There will be greater demand in affordable housing, he said.