Construction Industry News
Jera Real Estate Development Company is pleased to present its latest project, Joy Island in Jera. This launch coincides with the celebration of an important milestone in Gera's rich heritage as innovators and visionaries: a decade in the making of ChildCentric Homes by Gera.
Gera has been at the forefront of innovation, having launched ChildCentric Homes in 2014, adapting to the needs of the modern family . Projects such as Song of Joy and River of Joy have set new standards for understanding and responding to parents' needs when raising their children and ensuring that families have quality time with each other, as well as the overall development of the child, supported by associations with prestigious academies. . With a portfolio that has brought joy to over 3,500 satisfied families and won numerous accolades, including the prestigious “Project of the Year” award, Gera continues to raise the standards of real estate in the country.
Introducing The Island of Joy represents Gera in the East Kharadi is the latest chapter in Gera Developments' illustrious journey. Spread across 12.5 acres, 9 towers and over 1,800 homes, Jeera's Island of Joy offers unparalleled leisure amenities, including three clubhouses, private Go-Kart racing, a wave pool and a bowling alley. Located along the riverbanks, it also houses 9 celebrity-led learning academies focusing on sports, performing arts and personal development, creating an enriching environment for families.
Rohit Gera, CEO, Gera Developments expressed his joy at the launch event, “Ahead of 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 on families and give them the motivation to make the most of the opportunities available to their children to succeed in all possible ways. Over the years, with each successive project, the response has been overwhelming. We are very pleased to offer you the Island of Joy in Gera, which is a testament to our dedication to creating exceptional living spaces for modern families. Our renowned academies are committed to identifying and honing the talents of children who will inhabit the space. Our project's exclusive amenities promise to create unforgettable memories for families. The Island of Joy in Gera stands as an icon of modern living, offering unparalleled comfort and joy to its residents – a perfect start to the next decade from ChildCentric Homes of Gera.”
Strategically located close to prominent special economic zones and technology parks Information Joy Island in Jeera ensures connectivity and convenience As part of an integrated township, it emphasizes sustainability through innovative features, including Pune's first electric Go-Kart racing track.
On the real estate front in Pune, Gera Developments has been witnessing a significant rise in this sector since FY22 to FY24, which will witness a significant increase of 29% in total procurement, rising from 14,654 units to 18,902 units. This growth is particularly notable in the thriving IT corridors of Kharadi and Hinjewadi, which have witnessed Increases of 32% and 82% respectively Furthermore, prices have seen a commendable growth of 25% and budgets have increased by a staggering 30%.
An integral part of this is the significant increase in apartment sizes of 14%. This growth caters to the changing needs of the modern household With the addition of 21,660 units against 18,902 units sold in FY24, indicating a replacement rate of 1.14, Gera Developments remains conscious of maintaining a balance between supply and demand.
