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Gera in News

New real estate sites need better infrastructure

Times Of India - Page 05 - 1 March, 2012

Pune: Developers in the city on Friday said despite the fact that areas like Sinhagad Road, Kharadi, Wagholi, Chakan and Talegan are seen as new corridors for development of residential properties, these localities require better infrastructure, road connectivity and water resources. The developers said these areas have long-term growth potential as new industries and businesses have come up there. The views were expressed during the real estate dialogues organised by real estate portal Panelists included Rohit Gera, managing director, Gera developers; Ranjit Naiknavare, director, Naiknavare developers; Sujay Kalele, CEO, Kolte Patil developers; Anuj M Bhandari, director, B U Bhandari Landmarks and I P Inamdar, CEO, Ahura Builders. Developers said Pune has been a stable market and there has been consistent rise in real estate sector over the last few years. "Areas like Talegaon and Chakan need infrastructural facilities, including water supply and better roads. All these are promising areas and witnessing overall development that includes good educational facilities and markets and other facilities. The government requires to put efforts for better supply of water and also needs to give due attention to projects like recycling of water ," said Naiknavare. Gera said, "The city's real estate has been growing steadily. There has been fairly good demand for properties in Kharadi, Wagholi and Sinhagad Road areas. Customers expect good infrastructure. If these areas are developed with good facilities, investors will follow." Kalele said many new schemes are in the offing in newly-developing areas in the outskirts. New roads are being developed; however, the government needs to address these issues on priority so that customers would not feel the heat. Bhandari said Pune has remained the attraction for real estate investors across the country.

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