On the interest rates, he said benign interest rate regime would continue for the next 6-12 months. "Interest rates are at the lowest in the past four decades. Property prices have gone up in the last many years," he said.
Mistry said markets at present are distinguishing between strong property developers and weaker developers unlike in the past.
"In 2017 or 2018, the gap between lending rates given to AAA developers and AA developers was limited. But today, it depends on the credit profile of developers," he said.
He said some developers had earned a bad name due to analyst reports, media reports on oversupply and so on.
"Weaker developers will find it difficult to raise funds unless they reduce leverage," he said.
Mistry said the demand for residential properties had picked up. "People are beginning to believe that it is the best time to buy. Interest rates are at an all time low. Prices have not gone up," he said.
He also said that the Maharashtra government's move to cut stamp duty helped residential sales in the state. "More such measures by other states will help real estate sales," he said.