Pune-based realty player Gera Developments is eyeing 50 per cent increase in sales over the next two years to more than Rs. 650 crore, even as it plans to add another one million sqft of development over the period, a top company official said.
“There is a slowdown in the sector as a whole. But the model that we have adopted of slowly expanding our business, we expect to add another one million sqft of projects, including commercial and residential, over the next two years,” company’s Managing Director Rohit Gera told PTI.
The company currently has a portfolio of 6.28 million sqft of projects including commercial and residential across three markets- Pune, Bengaluru and Goa.
The company expects to clock around Rs. 400 crore this fiscal.
“We have completed and delivered nearly 3.7 million sqft so far and around 2.24 million sqft is under various stages of construction. The ongoing projects and the new addition gives us a vision of achieving 50 per cent increase in revenues over the next two years to over Rs. 650 crore,” he said.
The company, which has four commercial projects under the brand ‘Imperium’, plans to open few more in its existing markets.
“Besides this, our focus will also be on launching more ‘child centric’ residential projects in these markets. We already have one each in Pune and Bengaluru. We also want to launch it in Goa,” he added.
The ‘child centric’ model includes celebrity academies who coach children professionally in over 15 disciplines such as sports, arts, music, dance, dramatics, public speaking and painting, among others.
“These homes will create a paradigm shift in the real estate for both, the developer as well as the home buyer. We have established a new category of living spaces designed keeping the child of the home as well as the parent’s lifestyles in mind, and we are seeing a huge response for it” Gera said, adding, “it will be our focus to launch more projects under this model.”
When asked about the company’s plans to fund the projects, he said, “It will be funded through internal accruals as well as through sales from our various projects.”
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...
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.
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.