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Gera in News

Optimistic Growth

Times of India - 8 December, 2012

ABHINANDAN LODHA Deputy Managing Director, Lodha Group We believe that Pune is a city with great history and a great future. Given the economic growth and high levels of entrepreneurship, the city is well on course to becoming one of the most prominent economic hubs in the country. (Lodha Group has recently launched a project Lodha Belmondo in Pune) ROHIT GERA Managing Director, Gera Developments The Pune real estate market is doing well currently compared to other Metros. Pune has multiple growth drivers like IT, Manufacturing and Education among others. The developers are also raising the prices cautiously considering the affordability factor. We have seen that whenever fringe areas are growing, the inside locations have also benefitted. However, the infrastructure should also be at the pace of residential development. POOJA BHAGWAT Asst. General Manager-Marketing, Rohan Builders The report mentions locations like Baner and eastern Pune faring well. Baner has the advantage of the IT hub of Hinjewadi and proximity to Mumbai. Viman Nagar has the advantage of the airport. The infrastructure in these locations has already been developed. We have our projects Rohan Leher and Rohan Seher in Baner and Rohan Mithila in Viman Nagar. KISHOR PATE CMD, Amit Enterprises Housing Ltd. Today, Pune's major residential property markets include Kalyani Nagar, Viman Nagar, Kharadi, Wanowrie, Aundh, Baner and Undri. Baner has quickly become one of the primary hotspots for growth. It is close to the IT Park at Hinjewadi, which generates a lot of demand for quality housing from IT/ITES professionals. Upscale residences can be primarily found in Koregaon Park, Boat Club Road, Kalyani Nagar, BT Kawade Road and Sopan Baug. Homes located in Kothrud, Warje, Undri, Wanowrie, Mundhwa, Baner and Hadapsar are the preferred destinations for middle-income home seekers. However, many of these areas now also have premium housing options available. COMPILED BY NEHA DANI

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