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Gera in News
 
 
 

Pune: The highway to heaven

India Today - 21 February, 2014

A housing project at Ambegaon

Only a decade ago, Sinhagad Road near Pune was a bumpy, quiet road lined with paddy and sugarcane fields, taking picnickers to the eponymous fort. Today, it is marked by fast-expanding roads, schools, restaurants and under-construction townships. There's something available for every budget-from compact studios to row houses, starting from Rs.15 lakh. Also under-construction about 20 km away is Xrbia, a massive complex, a striking symbol of Pune's affordable housing boom.

A number of budget projects are mushrooming on the city's periphery. The once-open fields in areas such as Sinhagad Road, Chakan and Hinjewadi have got a concrete makeover, with people buying homes as investment options or for own use. A leading developer, with several projects in Hinjewadi and Sinhagad Road, attributes the demand to better facilities offered by the Pimpri-Chinchwad Municipal Corporation, compared to the Pune Municipal Corporation. A sales executive for Vastushodh, a big name in affordable housing, explains that a young professionals moving to Pune in the growing automobile or IT industry seek to invest in their own home. Its Urbangram projects stand within 15 km of the city centre and costRs.15 lakh-Rs.30 lakh. Proximity to Khed-Shivapur's industrial park and the Mumbai-Bangalore highway makes Ambegaon another affordable hub.

A new affordable housing feature is the 1.5 or 2.5 BHK unit. "It offers extra space-a study-for a nuclear family that doesn't have to pay a higher price," says Amit Jinralkar, senior executive, sales, Paranjape Schemes. Most affordable projects offer facilities such as a swimming pool and club house. At Blue Ridge, Hinjewadi, there's a golf drive, luxury villas, service flats, a sports zone, boat club and a butterfly garden. "The defining factor for home prices is the cost of land. The further one goes to the fringes, the cheaper it is," says Rohit Gera, MD, Gera Developments. There are some negatives though- the outskirts too are quickly getting overcrowded, and the drive to downtown Pune is long.

Sinhagad Road and Hinjewadi are popular as they are close to IT hubs Baner and Hinjewadi and the Mumbai-Bangalore highway. "They're the outskirts only for now. With expanding city limits, newer outskirts will become the new affordable areas," says Gera.

FUELLING THE BOOM: 1.5 & 2.5 BHK units offer extra space without commensurate hike in price. Cheaper land cost means developers can include pools, club houses and golf drives. Proximity to workplaces and highways.

Read more at: http://indiatoday.intoday.in/story/pune-the-highway-to-heaven/1/344779.html

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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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