Gera “World of Joy” is a mid-income housing project located in Wagholi, an established residential market in the north-eastern suburb of Pune which is well connected to the rest of Pune by road.
Residential demand in Wagholi is driven by its connectivity to major employment hubs such as the IT / office belt of Kharadi (10 mins), Hadapsar (25 mins) and Mundhwa (20 mins). These employment hubs are estimated to employ 170,000 employees. Home buyers in these micro-markets include junior to mid-level employees working in these employment hubs and surrounding areas. In addition to the existing IT / office belt, the micro-market is witnessing significant development of commercial / IT Parks (within 5 – 15 mins from the Project) with a potential leasable area of 9.6 mm sf over the next four years.
Spread over 22 acres, the project boasts of 3 acres of open green spaces, a recreational zone spread over 6 storeys and 6700 sq. meters and countless corners to learn, grow and spend quality time with the family. The project is made with the concept of ChildCentric® Homes with celebrity led learning academies for sports and performing arts where children can discover their inner spark.
Gera introduced an app for the flat holders to make and track payments and address queries on bookings and after sales services for units in the project.
As a part of the project a 14 storied tower is planned for Economically Weaker Sections (EWS) which will be handed over to the relevant authorities at completion.
Full exit on the investment has been achieved in Q3 CY 2020.
RERA Registration No. GERA, World of Joy -P52100022522, P52100022598, P52100022530, P52100022744, P52100022499, P52100022737