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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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Testimonials

First of all I would like to thank  you  and the Gera team for organizing different workshops at our doorstep.
The best thing I have done to my kids is that I  took a right decision to buy a flat in Gera.
Because of this decision , Vishnu could attend  the development workshops that were conducted.
Vishnu was a shy child who didn't like to participate in any of the programmes.
As far as Dale Carnegie workshops is concerned   it  has given him a lot of confidence and was presenting things in a much better way and I can see a lot of improvement in him.In simple words u made a person(..

My son Tattva had been enrolled in the intermediate level and has been coached by the Vishwanathan Anand Chess Academy coach . Tattva has made remarkable strides and will be on his way to get his FIDE rating in November. A lot of credit goes to the mentor for his unique way of handling his students. He has been very patient while working with Tattva on his areas of improvement. In addition before the tournament the coach had voluntarily added additional classes and doubled his efforts to get a better performance out of Tattva. He has shown complete ownership which is commendable. I hope he continues to develop more and more chess players in the coming days.

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It's a wonderful experience with the tennis academy and my daughter liked it. Also she is getting good training and love for the game.
The coaches are good and we would continue using their expertise for Nishita going onwards. We are also looking forward for signing (actually instrument) and dancing coaching too.

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This is to share with you that both my little girls (Aditi Anisha) are really enjoying their Tennis classes at the Mahesh Bhupathi Tennis Academy.
I always find them very excited whenever there is TENNIS CLASS, and this excitement matters to both of us, as the kids seems to be interested.
It’s nice to see them constructively engaged, and coming home happy and having felt productive in their own child little way. It’s a great way for them to bond with other young ones and feel belonged to a larger community.
Thanks to You, Gera Developments and MBTA for giving our young ones, an opportunity for a wonderful learning experience.
Now they are looking forwar..

Regarding the workshops & different academy sessions, it has been wonderful experience so far for Shlok and we’re looking forward for the new opportunities.
It’s absolutely fantastic to have all these academies in the premises, and that too from the renowned personalities, so we can send kids without worrying about other factors like safety & all.
And most importantly, a big thanks to you for the lovely follow-ups & timely updates about the upcoming/ongoing sessions.

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