The sharp recovery seen in the Pune residential real estate market driven by the share in the higher and more premium product types clearly indicates that market has climbed the wall of worry posed by the COVID-19 situation. Sales volume is at par with Pre-Covid levels. However, competitive intensity amongst the top tier developers has increased.
Affordability has brought about a structural change in the market landscape with customers now opting for higher bedroom types with top-tier developers. Some developers with the desire to match customer aspirations have started pushing the envelope to attain clear undisputable market leadership.
The Gera Pune Residential Realty Report is a bi-annual initiative by Gera Developments that is aimed at garnering insights on both the supply and demand sides of the residential realty market in Pune. This census-based study uses feet on street methodology of data gathering and covers the Pune Urban Agglomeration area. The data is then validated and statistically analysed. What started, as a knowledge gathering initiative in 2011 has now become something that realtors, IPCs, Research Houses, Brokerage Houses and Banks & Financial Institutions look forward to. Besides a broad overview of inventory available, off-takes and prices, the report dives deeper to mine insights by price segment, sq. footage, construction stage and size of unit.
Gera Developments is one of the pioneers of the real estate business in Pune and are recognized as the creators of premium residential and commercial projects in Pune, Goa, Bengaluru & California. With nearly 50 years of being in the business, our focus is providing long term enjoyment to our customers. Innovation has been a hallmark of the company and there are many 'firsts' that stand to Gera Developments’ credit. India’s first ChildCentric® Homes, 5-Year Warranty on Real Estate consisting of Preventive Maintenance & Repairs and providing Insurance of buildings was introduced by the company over 13 years ago for the first time in India before it was mandated by RERA in 2017. The company has now introduced the only 7-year warranty in Real Estate. The company is driven by values of trust, quality, innovation, and customer first and its philosophy of Let’s Outdo that drives the team to challenge the status quo and create new milestones in real estate. The projects are designed around the evolving needs of their customers. Some of the revolutionary and highly successful product lines have been ChildCentric® Homes, Intelliplexes™, SkyVillas™, The Imperium series amongst others. The company was also felicitated as the 'Real Estate Developer of the Year' by one of the most prominent media houses in the country.