PUNE — Gera Development Private Limited, a renowned pioneer in real estate and recipient of multiple awards for its premium residential and commercial projects in Pune, Goa and Bangalore, is excited to present its latest project, Garage Island of Joy. The launch coincides with Gera’s rich heritage of innovation and forward-thinking – celebrating a significant milestone in a decade of Gera’s ChildCentric® Homes.
Gera has been at the forefront of innovation with the launch of ChildCentric® Homes in 2014 to meet the needs of modern families. Projects like Song of Joy and River of Joy have set new standards for understanding and responding to the needs of parents in raising children, and partnering with prestigious academies for holistic child development, ensuring families spend quality time with each other. With a portfolio of over 3500 satisfied households, and winning several awards including the prestigious “Themed Project of the Year” award, Gera is raising the bar for real estate in the country.
Introducing Gera’s Island of Joy in East Kharadi is a new chapter in Gera Development’s outstanding journey. 12 with 9 towers and more than 1800 houses. Spread across 5 acres, Gera Island of Joy offers unparalleled amenities including three clubhouses, private go-kart racing, a wave pool and a bowling alley. Situated on the banks of the river, it also houses 9 celebrity-led learning academies focusing on sports, performing arts and personal development that create an enriching environment for families.
“A decade ago, we dared to dream differently and rewrote the rules of what a modern home could be,” enthused Rohit Gera, Managing Director, Gera Developments at the launch event. Garage Childcentric® Homes was a concept designed to ease the burden on families and encourage them to make the most of the opportunities available to their children. Over the years, each successive project has received phenomenal response. A testament to our dedication to creating exceptional living spaces for modern families, we are thrilled to present to you Garage Island of Joy. Our celebrity academies are committed to identifying and nurturing the talents of children living in these spaces. Amenities unique to our project promise to make lifelong memories for families. Garage Island of Joy is the epitome of modern living, bringing unparalleled comfort and joy to its occupants – a perfect start to the next decade of Garage Childcentric® Homes.
Strategically located near the renowned SEZ and IT Parks, Garage Island of Joy ensures connectivity and convenience. As part of an integrated township, Pune’s first electric go-kart racing track emphasizes sustainability with innovative features.
On Pune’s real estate front, Gera Developments has registered significant growth in the sector from FY2022 to 2024, with a remarkable 29% increase in total off-take, from 14,654 units to 18,902 units. The growth is particularly significant in the IT corridors of Kharadi and Hinjewadi, which have seen growth of 32% and 82% respectively. Additionally, prices have seen an appreciable 25% increase, with an impressive 30% increase in budget.
An integral part of this growth is a significant increase in apartment sizes by 14%, reflecting a commitment to meet the evolving needs of modern families. With 21,660 units added compared to 18,902 sold in FY24, indicating a replacement ratio of 1.14, Gera Development is conscious of maintaining a balance between supply and demand.