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Gera in News

Gera Developments Launches Lifestyle Homes In Pune - 17 October, 2013

Gera Developments, a Pune based leading builder, has launched a super premium lifestyle residential project called ‘Isle Royale’ situated at Bavdhan. “High-end flats costing more than a crore have seen great demand in Pune as luxury home buyers are ready to pay for elegance with amenities,” said Rohit Gera, Managing Director of Gera Developments during announcement of the launch of Isle Royale. "Luxury housing segment in Pune is witnessing a great demand supply balance. According to data available, over 73% of the apartments of the total 12,813 luxury segment flats in the city have been sold out by the end of June 2013. Around 2,300 residential projects are currently going on in and around Pune and of which only 10 % contributes to luxury segment," informed Gera. Revealing that Pune has been witnessing 60% rise in the supply of luxury flats, Gera further added that western and eastern corridors of the city are expanding rapidly. "Till June this year, Pune has recorded 238 luxury projects compared to 124 projects last year, thus showing about 60 per cent rise in this segment. This also shows that the supply has been doubled in just 12 months in luxury segment. Luxury housing forms five per cent of the total real estate business in Pune." he said adding, “Customers were predominantly from upper class service class from BPO, IT and manufacturing sectors along with business class people and those from Mumbai as well as Satara and Kolhapur Sangali. About Isle Royale, the project will have both lavish high rise apartments and exclusive independent super luxury villas. According to Gera, among areas in Pune which will see more luxury projects in the coming days includes Bawdhan, Kalyani Nagar, Baner and Kharadi. Bavdhan is known for people working in manufacturing, information technology, service professionals and the project is close to their work place. Bavdhan, attracts existing home buyers from Kothrud and Baner who want to move out of the thickly populated areas. Most of the home buyers in Bavdhan are investors of second home and belong to areas in Mumbai, who see this place as the best investment option, said Gera. Bookings for Gera's Isle Royale were open from October 5. The homes in the project offer state-of-the-art home automation technology, which includes world-class features like I-pad controls accessible from anywhere in the world. Residents of Isle Royale will have the privilege of having guard monitoring systems, intrusion sensors with hooters, private elevators and wi-fi connectivity. Other amenities at Gera's new project include an elder's corner, a luxurious 8500 sq ft swimming pool with underwater lighting facility, as well as squash and tennis and courts.

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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.