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Gera development to venture in Bangalore real estate market next year

PTI - 30 October, 2013

Panaji, Oct 30 (PTI) Pune-based Gera Developments will have their footprints outside the Western India for the first time, next year, with the development of residential property in Bangalore. “We are looking out at development of residential property in Bangalore which will be launched in February-March next year,” Rohit Gera, Managing Director, Gera Developments Private Limited told PTI in Goa. He said that this is for the first time that the group with more than 40 years of experience in real estate development would be venturing into South India, through its Bangalore property. “It took 33 years for us to come to Goa, and six years later we are looking at Bangalore,” he commented speaking about the markets to be eyed after Bangalore venture. The Bangalore project which is coming up in Whitefield area is a 2,000 flat property, he said. Gera was down in Goa to announce the launch of its Green building commercial project in Panaji. The company already has two commercial and one residential in the capital city of Goa. The MD said that the company has some or other kind of green features in their buildings depending on the locations. “We have rain harvesting facility in Pune projects which is not there in Goa as the water table of the area where Goa project is situated is very high,” Gera added.

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