Gera Developments to invest Rs1,100 cr on wellness-centric housing

Realty firm Gera Developments will invest about Rs 1,100 crore to develop a new housing project in Pune as part of its expansion plan.

Rohit Gera, Managing Director of Pune-based Gera Developments Pvt Ltd, told media that the company has entered into wellness-centric homes, starting with an 8-acre upcoming project in Pune. "We have roped in Bollywood actor Hrithik Roshan as brand ambassador for Gera's WellnessCentric Homes," he added.

Elaborating on the first wellness-centric project, Rohit said the company will develop around 1,000 flats in the two phases of this 8-acre project.