Gera Developments, have proved yet again that they are not only committed to their customers and quality of development, but also to the welfare of the laborers without whom there would be no development by celebrating Safety Week amidst all their laborers and vendors.

Pune, Maharashtra -- (SBWIRE) -- 03/13/2011 -- Gera Developments have always taken their Corporate Social Responsibility seriously. They have ensured safety and sanitation at all their construction sites and have always taken keen interest in the education and overall growth of the children of their labor force. All the sites are provided with schooling and creche facilities to discourage child labor. The laborers are also provided with living quarters. Programs spreading awareness about AIDS, malaria, construction site safety are conducted at regular intervals.

The labor families are also given advice on financial affairs like saving and investments, family planning etc. Measures are also taken to make sure that all laborers are insured before they start work.

In keeping with this CSR, Gera Developments celebrated Safety Week – 2011.

On the eve of Safety Week, 5th f March 2011, a safety awareness cum recreation program was conducted at the ECK (South) site from 07.00PM to 10.30PM. Approximately 370 individuals including Site staff and construction workers from both the sites (GGV-II and ECK South) were present for the function. A short speech on health and safety was given. This was followed by some entertainment which included a film on safety, a Hindi movie, tea and snacks.

The program turned out to be a grand success, and proved to be another feather in Gera Developments' cap.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

The Christmas season brings cheer every year. This year, the cheer is compounded with the economy showing 8%-9% growth (prices of onions notwithstanding).

Pune, Maharashtra -- (SBWIRE) -- 02/13/2011 -- Hiring and increments are back on a high. The sensex is hovering around 20,000. With this, can one expect anything but good news for the real estate sector and more importantly prices of property?

All positive indicators will boost markets in general, however, in the case of real estate, it is precisely this buoyant environment that can derail the train of good news.

One of the factors that contributed to the downfall of the western economies were the real estate markets. Fortunately for India, the RBI intervened in 2007-8 and took steps to cool down a rapidly overheating realty market. This action helped prevent a complete bloodbath in the realty sector when the meltdown hit our shores and has vindicated the RBI's stand of being hawkish when it comes to this sector. This will, I am sure give more confidence to the regulators to ensure that the sector does not see excessive overheating as has already been shown by the RBI recently.

As a result of the RBI's action of increasing risk weightages for property as well as other actions, as well as the impact of the global meltdown, developers have realized the importance of affordability for the customer. While salaries are set to rise, leading to an increase in affordability, the fact is that a part of the salary rise will be eaten away by inflation- currently hovering around 9%. Further, given the unseasonal rains impacting crop produce as well as the increase in fuel prices emanating from global crude oil prices, the hope of inflation coming down any time soon seems to be greatly reduced. This will leave the home buyer a part of the salary increase to utilize for a more expensive home. This however, does not give too much headroom for prices to rise unabated.

In the event that prices do go up too much, I am sure we will see the RBI intervene to cool down the realty sector. This will happen through steps that lead to an interest rate increase. An interesting fact is that a 1% rate hike in interest rates requires approximately an 8% salary hike (taking the maximum loan eligibility). Between inflation and the increase in interest rates by the RBI, the customer will have no surplus funds to buy a more expensive home.

The paradox therefore is that while the customer can afford to pay more for his home, rapidly rising realty rates will lead to an increase in interest rates and this will lead to a slowdown in rates.

The average rate for residential properties in Baner - Pune in January 2007 was approx. Rs.2,741 per square foot and Panjim, Rs.34,223 per square meter. Increasing at a CAGR of 11.75% and 16.41% respectively, the average rates hover around Rs.62,756 per square meter currently. Inflation on the other hand has shown a CAGR of 9.75% over the same period. Real estate has therefore outperformed inflation by a mere 2-4% in Pune and 6.66% in Goa per annum. This in itself is not alarming, however, given the RBI's hawkish view on real estate, any major upthrust in prices will most likely be followed by action by the RBI.

Overall the sector looks positive and set to reap the benefits of a booming economy but given the RBI intervention in the past, I don't think unbridled price hikes are something that we will see in the near future. The need for housing and the housing shortfall is clearly something that will drive long term demand for realty in the country and as such, investors are best off taking a long term view of their investments in real estate. I believe that speculative returns in real estate requires a high appetite for risk and is best done without leverageThe Christmas season brings cheer every year. This year, the cheer is compounded with the economy showing 8%-9% growth (prices of onions notwithstanding)..

Rohit Gera
JMD - Gera Developments Pvt. Ltd.

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Gera’s Regent Manor is a top-class residential complex epitomizing exclusivity, off Baner Road, Pune. With just one apartment occupying every floor, this project offers its elite occupants a rich feel of total privacy and elegance.

Pune, Maharashtra -- (SBWIRE) -- 12/22/2010 -- Gera Developments combine innovation with experience and hard work, to conceptualize and realize projects that anticipate the needs of the people who will live or work in the spaces that they build.

They have always dared to be different which is reflected by the many 'firsts' that stand to their credit
Creators of premium residential projects since 1950, Gera Developments are here with yet another milestone achievement- Gera's Regent Manor, at Baner, Pune.

Exclusivity and elegance go hand in hand with each other with a spectacular backdrop of lush surroundings to add to the serenity of these heavenly homes. Designed for complete privacy, each floor has a single apartment unit serviced by an access controlled lift which opens into your own foyer.

Gera's Regent Manor offers Vastu compliant houses to the discerning residents, along with unique split level layouts and a host of high end amenities.

Describing a full 360 degree view-around of the pristine surroundings, the luxurious apartments at Regent Manor boast of many upscale features like 4 fixture bathrooms, attics for extra storage space, attached bathrooms in servants rooms and double car park for every unit.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Gera Developments, the premier name in real estate and construction, presents Gera’s Astoria at Caranzalem, a premium residential project offering lavish living right in the heart of Panjim, Goa.

Goa, Maharashtra -- (SBWIRE) -- 09/12/2010 -- Designed based on a unique concept, these 2 & 3 BHK eco friendly, resort styled, ocean view (top floor apartments on one side of the building get a spectacular sea view), apartments at Caranzalem, Panjim, Goa are approximately spread over a wide area of 11,000 sq.mts. The distinctly T-shaped complex consists of 8 floors having 224 residences well equipped with all modern comforts such as designer lobbies on each floor, a concierge service, landscaped terrace, ample parking and much more.

Located at Caranzalem, Panjim on the Dona Paula-Miramar Road, Gera's Astoria is situated among the finest localities in Panjim, Goa. In addition, its proximity to fine dining, entertainment as well as Goa's renowned beaches ensures that all comforts, conveniences and utilities are literally a stones throw away.

These plush, resort styled elegant, sea facing apartments have been specifically created for the true connoisseurs of fine things. Homes that truly reflect sophisticated and exclusive tastes; luxurious specifications & splendid provisions such as the well appointed club house, stunning gardens, grand hotel styled lobby, Jacuzzis, children's activity centre, unusually shaped swimming pool, gazebos and lots more. Homes to relax and unwind; a place to rejuvenate body and soul and enjoy life to its fullest.

Located just 5 mins from Miramar beach, Gera's Astoria is a gated community well protected with latest security gadgets such as intercom facility to announce each visitor.

Gera's Astoria is, as all Gera projects are, covered under the 5-year Gera Warranty; this warranty ensures that the entire property stays in premium condition for years to come and includes preventive maintenance and repairs.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Gera Developments, pioneers of real estate in Pune, are celebrating 40 glorious years of delivering the very best – in construction, high quality standards, innovation and customer service.

Pune, Maharashtra -- (SBWIRE) -- 08/30/2010 -- What began as a family run contracting and construction business in 1970, has now changed into a large professionally managed, forward looking real estate development company.

Mr. Kumar Gera, Chairman and Managing Director while reminiscing about the long journey says, "We started the real estate business with a highly inward looking vision. With time and experiences we have realized the importance of being outward looking and have now developed a concern for the communities that we have built.

Along the way there were many milestones, challenges, successes and learnings, but what has remained unchanged is a strong vision and the firm desire of earning the trust of our customers which has served as a cornerstone of this company."

Indeed, customer satisfaction and the ability to forge long lasting relationships with their customers have been at the core of their success. Incorporating innovative concepts & designs and adapting to the changing and growing lifestyle requirements of their customers has helped the company not just stay ahead of the competitors but has also helped in creating thriving, strongly knit communities.

From providing the latest amenities, be it club houses, gymnasiums, sports facilities, environmentally sustainable features, and much more the company has always sought to improve the lifestyle quotient of their customers.

In yet another quest to pursue a path previously unexplored, Gera Developments has taken upon themselves to upgrade their older projects to be more eco friendly and environmentally sustainable by incorporating newer features, such as rainwater harvesting and vermiculture pits; features that were not relevant then but very important and critical now. This endeavor is just another step from Gera to further strengthen the bond with their past customers.

After successfully completing landmark projects in Koregaon Park, Boat Club Road, Kalyani Nagar, which changed the very face of those localities, Gera Developments has expanded their reach, through their current and upcoming projects, in the rapidly growing suburbs of Kharadi, Baner and Bavdhan in Pune with the aim to replicate their success story as before.

But the solid base of Gera's success has its roots in their unwavering values, staunch work ethics and transparency in dealings. Mr. Kumar Gera, Chairman and Managing Director, Gera Developments best sums up the successful 40 year journey, "Continuous improvement, honest and transparent transaction and customer satisfaction have brought us a long way and will continue to be the foundation of the journey ahead."

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

After the stupendous success of their pioneering ChildCentricTM Homes concept in Emerald City Baner and Emerald City Kharadi North, Gera Developments have added another successful project, Emerald City Kharadi South in Pune, to their popular ChildCentricTM Homes series.

Pune, Maharashtra -- (SBWIRE) -- 08/05/2010 -- The success of Emerald City Baner and Emerald City Kharadi North has already proven the popularity, and indeed the need, of child focused housing with young home buyers. Gera Developments understand that for a family the most important consideration while buying a home is about adaptability of their child. Emerald City Kharadi South offers 2 & 3 BHK apartments that have been designed & developed to focus primarily on the requirements of children; their overall development, safety, entertainment and convenience.

According to Kaajal Shaikh, General Manager Marketing, Gera Developments, "The response to the child focused concept has truly been mind boggling. We decided to go ahead with this 3rd project, at Emerald City Kharadi South, as we were convinced that young home buyers, today, are genuinely looking out for homes that ensure their child's all round development and safety.

In fact the popularity was such that since its launch the whole project received tremendous response from buyers. And today, the whole project is on the verge of being sold out, with only 20 units remaining for sale. "

Spread over an area of 5 acres, Emerald City Kharadi South consists of 4 towers - 2 towers of 2 bedroom apartments (towers D and G) and 2 towers of 3 bedroom apartments (towers E and F). All 4 towers share a 45,000 sq.ft. podium and have ample basement parking and open car parking for all homes. The towers have been designed such that all homes are open from 3 sides optimizing sunlight, ventilation and privacy.

Special features such as telescope on terrace, music rooms, amphitheatre, an aquarium, educational Signages etc. have been incorporated to ensure overall development of children. Meticulous attention has been give to safety of children with features such as having play areas away from vehicular traffic zones, elevator doors with extra sensors at low level for toddlers, increased railing heights, child safe switches, fire resistant wires among others that ensure total protection for children.

In addition, Emerald City Kharadi South offers multiple entertainment avenues for children such as roller skating spaces, tree house, basket ball ring, cricket pitch, play equipment etc. for kids to have fun right at home.

Emerald City is ideally located in the rapidly growing area of Kharadi in the eastern part of Pune. Kharadi has shown large scale development across both the residential as well as commercial segments. With a number of IT companies as well as other upcoming industries, Kharadi has emerged as a commercial destination. In addition, its proximity to the 6th fastest growing IT hub has also resulted in large scale construction in the residential sector. Systemized land use plan, formulated by the PMC including development of 100' wide roads and robust civic infrastructure, proximity to industrial centers of Ranjangaon as well as easy accessibility to city centers such as Hadapsar, Viman Nagar, Kalyani Nagar, Koregaon Park, Magarpatta, etc. will all contribute to seeing Kharadi emerge as a premium destination in the years to come.

Emerald City Kharadi is, as all Gera projects are, covered under the 5-year Gera Warranty; this warranty ensures that the entire property stays in premium condition for years to come and includes preventive maintenance and repairs.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm