Anarock Capital, the capital markets advisory and transactions arm of real estate services firm Anarock Group, has successfully closed a major land deal in Wagholi, Pune. The land parcel, admeasuring over 12.5 acres, has been acquired by Gera Developments having a development potential of 2.5 million sq-ft and a total revenue potential of approx. Rs 2000 crore. The seller has not been disclosed.
Mohammed Aslam, president, Anarock Capital, says, “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 educational institutes such as Orchids International School, Poddar International School, and SNBP International School operating there.”
Wagholi has been witnessing considerable spill-over demand from major IT hubs like Kharadi, Hadapsar, Magarpatta City, Koregaon Park, and nearby industrial zones of Ranjangaon and Shikrapur. The area’s well-developed social infrastructure is another key factor driving Wagholi’s rapid development.
Among the most successful of a wide range of themed residential projects being developed in India today, child-centric housing projects are specifically designed for children-friendliness, both in terms of safety and features.
Gera Developments, which has a long-term credit rating of AA- and a short-term rating of A1+, have taken the concept of child-centric homes to the next level, having tied up with India’s leading celebrities such as Rohit Sharma, Mahesh Bhupathi, Pullela Gopichand, Bhaichung Bhutia, Shankar Mahadevan, and Shiamak Davar to set up learning academies right within their ChildCentric homes projects.
