Views on the upcoming union budget 2024 - 25 by Mr. Rohit Gera, Managing Director, Gera Developments

Pune. January 24, 2024- Mr. Rohit Gera, Managing Director, Gera Developments, pioneers of the real estate business and the award-winning creators of premium residential and commercial projects in Pune, Goa, Bengaluru and California while sharing his views on the upcoming union budget said, “The real estate sector is doing well after a number of years and as a result of increased affordability, consumers are buying larger sized homes.  This has led to developers building larger sized homes.The government should incentivise first time home buyers and provide supply side benefits to developers building homes in the affordable segment so as to bring supply and demand to the first time home buyer segment.”

About Gera Developments:

Gera, a reputed brand for over 50 years, one of the pioneers of the real estate business in Pune, is recognised as the creator of premium residential and commercial projects in Pune, Goa and Bengaluru and has its global presence through developments in California, USA.

Gera prides itself on providing long-term enjoyment to customers by having a distinct ‘customer-first approach. The philosophy of Gera is “Let’s Outdo,” which rests on the trinity of innovation, transparency, and enhancing customer experience. It is at the heart of Gera’s effort to infuse innovation and transparency in real estate and home building, with an unwavering focus on meeting the shifting lifestyle dynamics of their customers while upholding the premium living experience. Accordingly, there are many ‘firsts’ that stand to Gera’s credit. 

The company introduced a 5-Year Warranty on Real Estate consisting of Preventive Maintenance and Repairs and provision of Insurance for buildings way back in 2004 for the first time in India. RERA mandated the same only in 2017. And GDPL has now introduced India’s first & only 7-year warranty in real estate. It has designed and launched the pathbreaking concept, the award-winning ChildCentric® Homes, which has revolutionised the real estate sector for both the developer and the home buyer. Other revolutionary and highly successful product lines have been IntelliplexesTM, SkyVillasTM, and The Imperium series. In its 50th Year, the company has launched yet another first-of-its-kind industry initiative – Gera’s Home Equity Power by providing financial flexibility to customers to withdraw funds from their prior payments to meet financial emergencies. 

These products are matched by the services of the GeraWorld® Mobile App, which brings speed, convenience, and transparency to the buyer and enhances the customer experience. Gera has also recently launched the Club Outdo initiative, a tech-driven loyalty and referral program that provides multiple benefits, offers, and community engagement opportunities to existing and new customers. 

The company emphasises delivering value-added customer experiences and is driven by trust, quality, customer first, and innovation. The projects are designed around the evolving needs of their customers. The company has won several national and international awards on both the product and service front. GDPL also continues to be certified as ‘India's Great Mid-Size Workplaces’ by the Great Places to Work (GPTW) Institute for the sixth straight year in a row. GDPL has also ranked #18 on the list of Best Small and Medium Companies to Work for in Asia in 2021.

Gera envisions bringing out the best of real estate in India. As it redefines new standards of service orientation, product innovation, real estate marketing, and brand building, it is consistently generating fresh value for its stakeholders and raising the bar for the industry.

Please visit www.gera.in for more information