Pune Real Estate Market has been Quite stable over the few years: Rohit Gera

By Nimisha Gupta,

Mr. Rohit Gera, is a third generation entrepreneur, dynamic business leader and a prominent real estate developer. Mr. Rohit has been involved in Gera Developments in various capacities over the last 22 years finally culminating into taking over as the Managing Director in April 2011. He has been focused on the growth of the organization over the past decade and has seen the company move beyond Pune into Goa and Bangalore. Mr. Rohit is the Vice President, CREDAI Pune-Metro (Formerly Promoters and Builders Association of Poona (PBAP) since 2007 and has been a member since 1999.

Mr. Rohit Gera, Managing Director, Gera DevelopmentsPune is among the rapidly developing cities of India, in terms of IT industry and Real Estate industry. Selection of Pune in list of Smart Cities have impacted positively on real estate sector of the city. To know more on the developments and future of the city, Nimisha Gupta from Accommodation Times got in conversation with Mr. Rohit Gera, one of the leading developers of Pune.

Q1. How do you see the volatile market of real estate sector in Pune for last couple of years?

Pune real estate market has been quite stable over the last few years where in 2015 total sales reduced by only 10%.  The stress in the sector is being felt on account of and increased supply. Currently the customer is waiting in hope of lower interest rates and an expectation of a steep drop in prices. This perception is leading to some people who need a home to put off their decision to purchase.

Q2. Pune has been roped in 20 Smart Cities proposal. Do you think this will be an upward graph of growth or there would be ups & down in the sector?

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