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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
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
