Ravi Karandeekar's Pune Real Estate Market News Blog: Gera's Park View 1 at Kharadi

Showing posts with label Gera's Park View 1 at Kharadi. Show all posts

Monday, May 3, 2010

About "new-found" boom in Pune real estate market

“The prices of properties in Pune have also gone up by 12-15 per cent”

In today's Indian Express, Mr. Rohit Gera, vice-president of Confederation of Real Estate Developers of India (CREDAI), Pune, says that the spurt in demand had prompted many builders in the city to take up new projects, which they had shunned during the downturn. Mr. Gera says,

“In the last couple of years, builders were reluctant to take up new projects. Also, many projects were on a slow pace. But now, with the market showing positive signs, builders have started to pitch in.”

Actually, to prove his point, after the above "intro", Mr. Gera should go ahead and announces the launch of Gera Developments', project of affordable 1 BHK & 2 BHK Flats (489 to 841 sq.ft. carpet area) and shops (shops near Eon IT Park!), Gera's Park View 1 at Kharadi, Pune!! If Mr. Gera does that, all property buyers in Pune will accept the claim of "new-found" boom in Pune real estate market! What say you?

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Thursday, January 1, 2009

Pune real estate market - 2009 - Rohit Gera, executive director, Gera Developments

I believe 2009 will see the customers who have deferred their home purchases in 2008 take the decision and purchase their homes given the affordability impact as well as the tremendous need for homes in the country.

We have already seen a change in the customer sentiment towards purchasing a home and expect that the currently visible trickle of change in customer sentiment towards purchasing a home will translate into a normal buying cycle.

The reality is that customers are astute and have started to realise that while buying at the absolute bottom is a near impossible task, the downside risk from current levels is fairly low. Further, the purchasing power has improved substantially with the current market scenario.

The drop in interest rates from 11.5% to 9.25% combined with a reduction of 15% in real estate rates has resulted in an increase in purchasing power of 33%. The same EMI would, at a lower interest rate provide for a higher loan. The higher loan used to purchase a home at a lower price would enable the customer to purchase more square feet.

The transition of the real estate market will however lead to some fundamental differences this time. Customers will purchase based on need rather than based on the euphoria and hype we saw in 2006-2007. Already, sizes of homes have reduced and customers will be more circumspect in their purchase decisions.
To read more, please, visit - Express India

Saturday, December 20, 2008

Gera's Park View 1 at Kharadi - Happy Homes - Pre-Launch offer:

1 Bedroom Terrace Flats: Rs. 14.50 Lakh Onwards

2 Bedroom Terrace Flats: Rs. 23.16 Lakh Onwards

For details:

Sapna Kanakia : +91 90110 14700
E-Mail: sapna.kanakia@gera.in

Himanshu Jain : +91 93266 92540

Anurag Nigam : +91 93268 42218

Siddharth Sengupta : +91 99609 92894

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