Gera Developments to add 2.5 Mn Sq. Ft. to its ChildCentric Homes Portfolio

January 17, 2023: ANAROCK Capital, has announced the successful closure of a major land deal in Wagholi, Pune. The land parcel, admeasuring over 12.5 acres, has been acquired by leading Gera Developments having a development potential of 2.5 million sq. ft.  and a total revenue potential of approx. Rs 2000 crore. 

Mohammed Aslam, President – ANAROCK Capital, says, “We congratulate Gera Developments for this strategic acquisition, which will help the firm to strengthen its leadership position in the Pune market. The land has been earmarked for the development of a themed residential project under Gera’s highly successful Child Centric Homes banner. Wagholi works perfectly for such a concept development, with leading educational institutes such as Orchids International School, Poddar International School, and SNBP International School operating there.”