Gera Developments Amongst Top 10 Pune Residential Developers
Bloomberg TV India along with knowledge partner JLL announced the top real estate developers for both residential and commercial projects across in major cities
Gera Developments, with a track record of over 43 years is one of the pioneers of the real estate industry and the creators of premium residential and commercial projects in Pune, Goa & Bangalore, have been announced as one of the top 10 Pune residential developers by Bloomberg TV India, the country's leading English business news channel and knowledge partners JLL.
Commenting on the accolade, Mr Rohit Gera, MD, Gera Developments said, ”This recognition is a testament to our commitment to our customers. Our commitment to quality, trust and customer satisfaction is part of our continued efforts to fulfil our vision. The scoring system adopted by JLL takes into account sales pricing as well as velocity along with the construction delays of the projects. We believe we have been able to show sales velocity as well as sales premiums as our customers recognize the benefits of buying with a reputed devleoper with a track record and commitment to customer satisfaction. This honour will further motivate us to achieve greater heights. We are happy with the acknowledgement from industry experts like JLL who have recognized our extended benchmarks in the real estate realm with our constant innovation techniques which are way ahead of time – be it India's first ChildCentricTM project or Pune's first intelligent building. ”
Gera’s vast expertise in the sector that spans across more than 4 decades, along with its commitment to trust, transparency and innovation have ensured them a place in the top players in Pune. They have established a footprint across property in Pune, Goa and have recently entered Bangalore by meticulously constructing and delivering over 50 projects, with close to 4 million sq.ft. of development.
The comprehensive analysis and research was carried on the basis of detailed parameters like total units launched, Launch Price (INR psf), average size of units in each project, sales velocity etc. The secondary factors for evaluating the companies were price and rental benchmarking, the total space built by the company and vacancy levels for commercial projects by the company etc.
The report is based on hard data and demonstrated deliverables, and is the most rigorous study of its kind to date.