Gera Developments, creators of premium residential and commercial projects in Pune, Goa and Bengaluru, released the Gera Pune Realty Report for July to December. The rate of price increase has dropped substantially over 2013 and the last 12 months have seen the slowest increase in rates of only 5.3% as compared to 14.1% and 14.8% over last two years. Rohit Gera, Managing Director, Gera Developments said, “We found that there is clearly a differentiation between the top 10 developers and the rest, with the top 10 developer group sales outperforming the overall market.
While sales for the overall market has declined by 18% (the sales for January to June 2014 was 54568 units while from July to December 2014 was 44424 units), the sales for the top 10 developers has seen a marginal decline of only 1.4%, lending further credence to the fact the customers prefer reputed developers with a consistent track record.”
Kartiki Nitin Lawate
