Gera Developments Private Limited, renowned pioneers in Real Estate, and recipients of multiple awards for their premium residential and commercial projects across Pune, Goa, and Bengaluru, are excited to introduce their latest project, Gera's Island of Joy. This launch coincides with celebrating a significant milestone in Gera’s rich legacy as innovators and forward-thinkers – a decade of Gera’s ChildCentric® Homes.
Gera has been at the forefront of innovation, having launched ChildCentric® Homes in 2014, tailored to the needs of modern families. Projects like Song of Joy and River of Joy have set new benchmarks in understanding and responding to the needs of parents in raising their children, and ensuring families spend quality time with one another, over and above comprehensive child development, bolstered by partnerships with esteemed academies. With a portfolio that has brought joy to over 3,500 satisfied families, and won numerous accolades, 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 Kharadi marks the latest chapter in Gera Developments' illustrious journey. Encompassing 12.5 acres, with 9 towers, and over 1,800 homes, Gera’s Island of Joy offers unparalleled leisure amenities, including three clubhouses, private Go-Kart racing, a wave pool, and a bowling alley. Nestled along the riverbanks, it also features 9 celebrity-led learning academies focused on sports, performing arts, and personal development creating an enriching environment for families.
Rohit Gera, Managing Director of Gera Developments, expressed his pleasure at the launch event, “A decade 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 off families, and give them the impetus to make the most of the opportunities available for their children to prosper in every way possible. Over the years, with every successive project, the response has been phenomenal. It gives us great joy to present to you Gera’s Island of Joy, a testament to our dedication to crafting exceptional living spaces for modern families. Our celebrity academies are committed to identify and hone the talents of the children that will inhabit the space. The amenities that are unique to our project promise to make a lifetime of memories for the families. Gera’s Island of Joy stands as a symbol of modern living, bringing unparalleled comfort and joy for its residents – a perfect beginning 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 racing track.
On Pune’s Real Estate front, Gera Developments notes a substantial surge in the sector from fiscal years 2022 to 2024, witnessing a remarkable 29% increase in overall off-take, soaring from 14,654 units to 18,902 units. This growth is particularly notable in the thriving IT corridors of Kharadi and Hinjewadi, experiencing surges of 32% and 82%, respectively. Additionally, prices have seen a commendable 25% growth, with budgets increasing by an impressive 30%.
An integral part of this growth is the significant increase in apartment sizes, up by 14%, demonstrating a commitment to meeting the evolving needs of modern families. With 21,660 units added against 18,902 sold in FY24, indicating a replacement ratio of 1.14, Gera Developments remains cognizant of maintaining the equilibrium between supply and demand.
