The Gera Pune Market Intelligence Report released recently by Gera Developments has revealed that the price of real estate in June this year was the highest in the last four years and is likely to increase now that the Maharashtra Housing Regulation and Development Act has been implemented. “The average price across market in June 2011 was Rs 3,467 per sq ft, which moved up to Rs 3,647 per sq ft in December, 2011 and Rs 3,955 sq ft in June this year. This reflects that the prices have moved up by approximately 14.08 per cent in the last 12 months as compared to 10.66 per cent for the previous year,” said Rohit Gera, managing director, Gera Developments. The Maharashtra Housing Act makes it mandatory for all projects, where the occupancy certificate is not issued, to register with the Housing Authority and to hold back 10 per cent of their built up area to be sold only after occupancy certificate is obtained for the project. “This rule will mean that out of 1,59,832 units that are currently under construction at various stages, there would be an unsold stock of 37,941 units. Of this, 10 per cent of the total stock i.e. 15,983 units will need to be put on reserve and cannot be sold until the occupancy certificate is obtained. This will create an artificial shortage and reduce the available stock by 42 per cent, leaving a total of 21,958 units available for sale. The total stock for sale will be 27,322. This is only 13.44 per cent of the total supply. We believe this will create an upward pressure on prices,” said Gera. The report reflects that despite a growth of 16.6 per cent in real estate projects in the city in the last 12 months (June 2011 to June 2012), the unsold segment stands at 21 per cent. A maximum of this unsold stock is in the price range of Rs 40 lakh to Rs 75 lakh. “The total unsold stock (flats) has increased from 36,124 units in December 2011 to 43,305 units in June 2012,” said Gera. About1,821 projects across the city with a total of 2,03,186 apartments were surveyed for the report. Of the 2,03,186 apartments, 43,305 (21 per cent) apartments are available for sale or are unsold stock. Of the unsold number of apartments, 24,004 (55 per cent) are under 1,000 sq ft between the price range of Rs 40 lakh and Rs 75 lakh, he said.
I’ve been a sports person, and also captained my throwball and volleyball teams. I understand the importance of extracurricular activities in our growing up years.
Trainings provide a child with the required discipline when working within teams as well as gives one the chance to follow what makes you happy. It also enables an overall development!
Dance has been my passion since I was a child and I have been thrilled to see both my little ones have this in their genes too.
This opportunity really came to my doorstep through Gera. My daughters Lavanya and Diya have had an enthralling experience being a part of not just one but three Academies (The Shiamak Davar Dan..
I cannot thank you enough for making our journey with Gera so so interesting and mind-blowing. I had never ever imagined my life taking a beautiful turn with me beginning to start my career as a music teacher that too with SMA (Shankar Mahadevan Academy) and all this has been possible only because of GERA and YOU my dear.
It is only because of your efforts and kind gesture that I could meet the man himself (Shankar Ji) and have a small recording session with him. That was like a dream come true.
I am super excited to start my journey with SMA and Gera as a teacher now.
Apart from that, Me and Prateek have always been grateful to you for making Shiamak happen for us and I ..
It was indeed a pleasure being a part of the Christmas celebrations at Astoria. Kudos to the Gera team for bringing in such a wonderful event with great carol singing participation from our own kids. It brought in the spirit of Christmas and the games, Santa, the gifts only added to it. Thanks for organising such a wonderful event which helped in community building...looking forward to many more such celebrations!..
The Christmas event organised at Astoria was a big success and a big step in bridging the gap between us and Gera. It was a memorable event as we are still in the beginning of our journey of life in our little home at Astoria. The kids have been the happiest of all and what more can we ask for when we see smiles on the faces of our little ones. Kudos to you and your team for making this event a huge success! Looking forward to many more in the years to come...
The Christmas party organised by Gera at Astoria this year was a great success with good participation from kids and parents. Our children Sia and Saish enjoyed the party to the fullest. Sia, in particular, had a gala time and reiterated her stand that Anita aunty's parties are THE BEST.... We as your customers take much pride in informing our friends that such goodwill gestures are one of the many differentiators Gera brings to us, which no other builder in Goa can boast of. Many thanks to you and your team for doing an excellent job in putting up this event. We look forward to the next one! A big thanks to the Gera Management for its efforts in community building...