Saturday, June 07, 2025 | 12:43 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Gera Developments buys land in Pune for themed residential project

Location popular with IT/ITeS and manufacturing professionals, says ANAROCK Capital

premium

Wagholi gets spill-over demand from IT hubs like Kharadi, Hadapsar, Magarpatta City, Koregaon Park, and nearby industrial zones of Ranjangaon and Shikrapur

Pratigya Yadav New Delhi
Gera Developments, a real estate company, has acquired a land parcel of about 12.5 acres in Pune’s Wagholi with a development potential of 2.5 million sq ft and likely revenue of Rs 2,000 crore.

The land—its price and seller were not disclosed—will be used for developing a themed residential project under Gera's child-centric homes banner. The deal was closed by ANAROCK Capital, the transactions arm of real estate services firm ANAROCK Group.

Wagholi is apt for child-centric homes as leading educational institutes have operations there, said Mohammed Aslam, president of ANAROCK Capital.

Wagholi gets spill-over demand from