Indiainfoline - September, 2005

Gera Developments, one of Western India’s leading and reputed real-estate developers today announced a "5-year Warranty plan" across all Gera properties. This initiative is a first in the history of the Indian real estate industry with no other developer offering any Warranty of any kind to buyers! It will set a new benchmark as to quality and service delivery in the country.

Two important factors led Gera Developments to introduce this Warranty for its customers. Over the years the Gera brand has come to signify a "dependable company" with quality construction, designs and materials which lead to a much better and premium end product. This confidence and belief in one’s work led to the "5-year Warranty" plan. The second was obviously to set a benchmark for the industry and offer its customers service and quality which differentiated from the rest.

Commenting on the above, Mr. Kumar Gera, Managing Director, Gera Developments, said, "Today, the real estate business does not enjoy much good will and transparency in society although a lot of good work is being done in this field. Surely, with this, we would like to set standards within the industry as also send a message to the general public about our confidence in our offerings. We believe in adding value to customers in the areas of quality & service delivery, thus letting them buy a property with complete trust and peace of mind."

The "5-year Warranty" ensures that the property remains in premium condition and the warranty covers three areas; the first being Preventive Maintenance in the areas of Carpentry, Electrical diagnostic works, Plumbing and Bathroom Tiles; the second being Repairs as a result of improper installation or supply from company’s end and the last being Re-paint of the exteriors of the building to make it look new before the end of 5 years as also maintain the prime real estate value of the property.

Leading the charge on this innovative service offering, Mr. Rohit Gera, Director – Operations, Gera Developments commented, "We are bringing to India for the first time an international practice of offering Warranty in the real estate sector; it not only demonstrates our confidence in our product offering and customer service standards to build an environment of trust & transparency, which is quite absent in the real estate sector but also help the industry and general public on the whole. Better maintenance and warranty will surely help get a better commercial value of the property for sellers while buyers will have a peace of mind while getting such a property."

Gera Developments are currently offering the "5- year Warranty" plan across its all properties and there is no hidden or extra cost involved. A brochure detailing all the aspects as also an agreement without any fine prints will be given to every buyer of a Gera property. This will ensure credibility and standardization of this offering across all upcoming Gera properties.