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MX News Update 2024

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GERA Developments Announces GERA’s Island of Joy in East Kharadi^, Celebrating 10 Years of GERA’s ChildCentric® Homes

Spread over 12.5 hectares, the project is home to a private go-kart track, elevated wave pool and bowling alley, designed to cater for more than 1,800 families.

(Isstories Editorial): – Mumbai, Maharashtra May 9, 2024 (Issuewire.com) – Gera Developments Private Limited, renowned pioneers in the field of real estate, and recipients of multiple awards for their high-end residential and commercial projects in Pune, Goa and Bengaluru , are excited to introduce their latest project, Gera’s Island of Joy. This launch coincides with celebrating an important milestone in Gera’s rich legacy as innovators and forward thinkers: a decade of Gera’s ChildCentric® Homes.

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Gera is at the forefront of innovation and launched ChildCentric® Homes in 2014, tailored to the needs of modern families. Projects like Song of Joy and River of Joy have set new standards in understanding and responding to parents’ needs in raising their children, ensuring families spend quality time together, in addition to the child’s comprehensive development, supported by partnerships with esteemed academies. With a portfolio that has brought joy to more than 3,500 satisfied families and won numerous awards, including the prestigious ‘Themed Project Of The Year’ award, Gera continues to raise the standards of real estate in the country.

The introduction of Gera’s Island of Joy in East Kharradi marks the latest chapter in Gera Developments’ illustrious journey. Covering 12.5 hectares, with 9 towers and more than 1,800 homes, Gera’s Island of Joy offers unparalleled recreational facilities including three clubhouses, private go-kart racing, a wave pool and a bowling alley. Located along the riverbanks, it also boasts 9 celebrity-led learning academies that focus on sports, performing arts and personal development, creating an enriching environment for families.

Mr. Rohit Gera, Managing Director of Gera Developments, expressed his delight at the launch event: “Ten years ago, we dared to dream differently and rewrote the rules of what a modern home could be. Gera’s ChildCentric® Homes was a concept designed to ease the burden on families and give them the impetus to make the most of the opportunities their children are given to thrive in every way possible. Over the years the response to each successive project has been phenomenal. We are thrilled to present to you Gera’s Island of Joy, a testament to our commitment to creating exceptional living spaces for modern families. Our celebrity academies strive to identify and hone the talents of the children who will inhabit the space. The amenities unique to our project promise to create a lifetime of memories for the families. Gera’s Island of Joy symbolizes modern living and brings unparalleled comfort and joy to its residents – a perfect start to the next decade of Gera’s ChildCentric® Homes.”

Strategically positioned near prominent SEZ and IT parks, Gera’s Island of Joy ensures connectivity and convenience. As part of an Integrated Township, it emphasizes sustainability with innovative features including Pune’s first electric Go-Kart race track.

In terms of real estate in Pune, Gera Developments has observed a substantial increase in the sector between the financial years 2022 and 2024, witnessing a notable increase of 29% in the total offtake, from 14,654 units to 18,902 units. This growth is particularly notable in the booming IT corridors of Kharadi and Hinjewadi, which are experiencing increases of 32% and 82% respectively. Moreover, prices have seen a commendable growth of 25%, while budgets have increased by a whopping 30%.

Integral to this growth is the significant increase in apartments, up 14%, demonstrating our commitment to meeting the changing needs of modern families. With 21,660 units added against 18,902 units sold in FY24, indicating a replacement ratio of 1.14, Gera Developments remains mindful of maintaining the balance between supply and demand.

About Gera’s ChildCentric® Homes

Gera’s ChildCentric® Homes have created a unique category in the real estate sector by offering its residents not only a first-class home and infrastructure, but also facilities to ensure safety, convenience, fun and development for children in the form of a state-of-the-art -art the-art clubhouse with celebrity-led academies. Among the many features Gera’s ChildCentric® Homes offers are its ties with world-class celebrity academies for professional coaching in sports, arts and personality development, making learning a fun experience. Gera Developments has hired the best of India to offer intellectual, physical and vocational coaching right on the premises of the housing society. Shankar Mahadev Academy, Shiamak Davar’s Institute of Performing Arts, CricKingdom by Rohit Sharma, Mahesh Bhupathi Tennis Academies, Nisha Millets Swimming AcademyAnd Bhaichung Bhutia Football Schools, are some of the celebrity-run academies currently active in Gera’s projects, making up an impressive array of choices on offer to the children.

About Gera developments:

A renowned brand for over 50 years, Gera is one of the pioneers of the real estate industry in Pune. Recognized as the creators of high-end residential and commercial projects in Pune, Goa and Bengaluru, the brand has built a global presence through developments in California, USA. Gera is proud that she can offer customers long-term pleasure through a distinctly customer-oriented approach. Gera’s philosophy is ‘Let’s Outdo’, which is based on the trinity of innovation, transparency and improved customer experience. It is at the heart of Gera’s efforts to bring innovation and transparency to real estate and residential construction, with a relentless focus on meeting the changing lifestyle dynamics of their customers, while maintaining the premium living experience. There are many ‘firsts’ that live up to Gera’s name.

The company introduced a five-year property warranty for the first time in India in 2004, comprising preventive maintenance and repairs and building insurance. RERA only made this mandatory in 2017. Gera Developments Private Limited has now introduced India’s first and only seven-year real estate warranty. It designed and launched a groundbreaking concept, the award-winning Gera’s ChildCentric® Homes, which revolutionized the real estate industry for both the developer and the home buyer. Other revolutionary and highly successful product lines include IntelliplexesTM, SkyVillasTM and The Imperium series. In its 50th year, the company launched yet another industry-first initiative – Gera’s Home Equity Power, by offering customers financial flexibility to withdraw funds from their previous payments to meet financial emergencies.

These products are combined with the services of the GeraWorld® Mobile App, which provides speed, convenience and transparency for the buyer, improving the customer experience. Gera also recently launched the Club Outdo initiative, a technology-driven loyalty and referral program that offers existing and new customers multiple benefits, offers and community engagement opportunities.

The company focuses on delivering value-added experiences to customers, with projects designed around the changing needs of their customers. Driven by trust, quality, customer focus and innovation, the brand has won several national and international awards on both the product and service fronts.

GDPL is also certified as ‘India’s Great Mid-Size Workplaces’ by the Great Places to Work® (GPTW) Institute for the sixth year in a row. Gera wants to bring out the best of real estate in India. As it redefines new standards in service orientation, product innovation, real estate marketing and brand building, it consistently generates new value for its stakeholders while raising the bar for the industry.