Pune, March 26, 2025 : Gera
Developments Private Limited (GDPL), pioneers of real estate business, and the
award-winning creators of premium residential and commercial projects in Pune,
Goa and Bengaluru, and California (USA) has received an Outlook upgrade from
‘Stable’ to ‘Positive’ and a reaffirmation of ‘AA-’ for their Long Term Credit
Rating for its Long-Term Bank facilities and Listed Non-Convertible Debentures (NCDs). Additionally, the company’s
Short Term Ratings have been reaffirmed at CARE A1+.
The upgrade in the outlook
along with the reaffirmation of Gera Developments’ AA- credit rating
underscores the Company’s robust financial position, operational excellence and
disciplined execution strategy. Prudent financial management has ensured a
healthy gross debt-to-collections ratio, expected to improve further,
reinforcing the company’s financial resilience.
Commenting on the
ratings, Mr. Rohit Gera, Managing Director, Gera Developments Private
Limited, said, “We are pleased with the outlook upgrade from Stable to
Positive and the reaffirmation of the ‘AA-’ rating. This is an outcome of
our very disciplined fiscal approach reflects our consistent financial
performance and long-term vision. Being the only private Real Estate developer
in India having AA- consistently for last 3 years signals Gera’s strategic
approach and resilience and commitment to excellence”
Gera Developments
continues to be the only private Real Estate developer in India to achieve this
rating.
Gera Developments
is well-positioned for sustained growth. The company is actively developing
63.60 lakh square feet across seven projects, with multiple new launches
planned for 2025. As of November 30, 2024, over 60% of the total revenue
potential of its ongoing projects has already been booked, reflecting strong
market demand and execution capabilities.
Gera Developments
has demonstrated significant sales momentum, recording a 75% year-over-year
increase in FY24 and securing ₹884.55 crore in bookings in the first eight
months of FY25 alone. A strong pre-sales performance, coupled with a robust
pipeline, enhances cash flow visibility, and further strengthens the company’s
market position.
Backed by an
experienced management team and a distinguished advisory board, Gera
Developments remains committed for innovation, excellence, and transparency in
governance, customer-centricity, and sound development practices, ensuring
long-term stability and sustainable growth.
From AI-driven
process optimisations to a dedicated construction management platform that
ensures real-time project tracking, Gera Developments continues to strengthen
its operational capabilities. The GeraWorld® App for customers further
simplifies the home-buying experience by providing real-time access to project
updates and documentation. Additionally, Gera Developments’ innovation lab
fosters continuous innovation, driving solutions that enhance project delivery
and customer experience.
With a strong
foundation built on excellence, innovation, and sustainability, Gera
Developments remains well-positioned for sustained growth - key factors
reflected in its reaffirmed credit rating with positive outlook.
About Gera Developments Private Limited:
Gera Developments
Private Limited (GDPL), a reputed brand for over 50 years, is one of the
pioneers of the Real Estate business in Pune. Recognised as the creators of
premium residential and commercial projects in Pune, Goa and Bengaluru, the
brand has established a global presence through developments in California,
USA. GDPL prides itself on providing long-term value to customers, by having a
distinct customer-first approach. The philosophy at Gera of “Let’s Outdo” rests
on the trinity of Innovation, Transparency, and Enhanced Customer Experience.
It is at the heart of Gera’s effort to infuse innovation and transparency in
Real Estate and home building, with an unwavering focus on meeting the shifting
lifestyle dynamics of their customers, while upholding the premium living
experience. Accordingly, there are many ‘firsts’ that stand to Gera’s credit.
The company
introduced a 5-Year Warranty on Real Estate, consisting of Preventive
Maintenance & Repairs, and provision of insurance on buildings way back in
2004 for the first time in India. RERA mandated the same only in 2017. Gera
also introduced India’s first and only 7-year warranty in Real Estate. They
have designed and launched a pathbreaking concept, the award-winning
ChildCentric® Homes, which revolutionised the Real Estate sector for both, the
developer and the home buyer. Other revolutionary and highly successful product
lines have been IntelliplexesTM, SkyVillasTM, and The Imperium series. In their 50th year, the company launched yet
another first-of-its-kind industry initiative—Gera’s Home Equity Power—by
providing financial flexibility to customers to withdraw funds from their prior
payments to meet financial emergencies.
These products
are matched by the services of the GeraWorld® Mobile App, which brings speed,
convenience, and transparency to the buyer, enhancing customer experience. Gera
has also launched the Club Outdo initiative, a tech-driven loyalty and referral
program that provides multiple benefits, offers, and community engagement
opportunities to existing and new customers.
The company
emphasises delivering value-added experiences to customers, with projects
designed around the evolving needs of their customers. Driven by trust,
quality, a customer-first mindset, and innovation, the brand has won several
national and international awards on both, the product and service fronts.
Gera continues to
be ranked amongst the Top 50 Great Mid-Size WorkplacesTM 2024 in India by the
Great Place to Work® (GPTW) Institute for seven years in a row. This year, we
have also been proudly recognised as one of India’s Best WorkplacesTM in Real Estate Industry
and India’s Best WorkplacesTM in Building a Culture of Innovation for All.
Gera envisions
raising the standards of Real Estate in India. As we redefine new standards of
service orientation, product innovation, real estate marketing, and brand building,
we are consistently generating fresh value for its stakeholders, while setting
new benchmarks for the industry.
Please visit www.gera.in for more information
For further media queries, please contact:
Sonia Kulkarni, Hunk Golden and Media
Mobile: 9820184099 | Email: sonia.kulkarni@hunkgolden.in