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Gera in News
 
 
 

Pune Real Estate Market experiences 20% growth

Commonfloor.com - 12 August, 2013

As per a report published by Gera Realty,Pune saw a growth of about 20% supply in the real estate sector, between the last quarter of 2012 and end of second quarter of 2013. An approximate of 27,000 units were added to the market by about 490 newly launched projects in the area. The rise is of 12 %, when compared to the growth recorded during the second and third quarter of 2012. The MD of Gera Developers said that Pune real estate market shows resilience amidst negative economic environments . He stated that it is the high demand from home buyers, which is leading to the growth of new projects in the area. This also helps in keeping the sell-out ratio, steady. According to the report, Pune realty market is in an expansion mode. A close analysis of the market trends showed that larger apartments are sold at a relatively higher rate and micro markets witnessed increase in prices over the last two years. However, the reports reveal that the forthcoming year will be posed to more risks, due to the the impending elections and the economic situations of the country, at a macro level. Real estate scenario in Pune The city has been witnessing rapid development in the sector of real estate in recent years and new launches in the market help in keeping the momentum. Reasons behind Pune’s sudden growth in fortunes can be largely attributed to its edge in Information Technology. The city has always shown interest in the development of IT companies and this in turn have lead to rise of real estate sector. Pune and localities like Hinjewadi, Aundh, Wakad and Hadapar have grown famous for the giant Special Economic Zones, ITES and IT companies. The high inflow of IT professionals to these areas have stimulated the need for affordable and efficient residential and commercial services. In addition to IT, the city nurtures a diverse treasure of knowledge. A large number of educational and training institutions have been set up in the city, which attract students and academics. The pleasant climate of the place and its close proximity to the financial capital Mumbai, adds to the factors which make Pune preferred by buyers. The large number of migrants from different parts of the country have substantially added to the growth of residential real estate in Pune. Though the market was earlier dominated by commercial real estate, with increased affordability, growing income levels and the inflow of immigrants and the working population, residential housing projects have also increased tremendously now. Residential projects Pune boasts of a good number of state-of-the-art residential projects, which includes integrated and planned townships. Amanora Park, Magarpatta City, Blue Ridge, Megapolis and Nanded City are some of the huge projects, which lure residential buyers to the city. Some of the other famous residential projects in Pune are Pristine Prolife in Wakad, offered at a price range of Rs.4500-5000 per sq.ft ; Wagholi Lush County in Wagholi, which is sold at a rate of about Rs. 3500/- per sq.ft ; KUL Ecoloch Phase II in Hinjewadi by Kumar Builders, spread over an area of 4.79 million sq.ft. http://www.commonfloor.com/guide/pune-real-estate-market-experiences-20-growth-28245.html

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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!
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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!

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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.

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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.

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