NEW DELHI: Gera Developments has invested Rs 1,425 crore on their project – Island of Joy, situated in East Kharadi, Pune.
Rohit Gera, managing director of the company said, “The company has invested about Rs 325 crore in acquiring the land parcel and the construction cost is about Rs 1,100 crore.”
Spread across 12.5 acres, the project has nine towers, and over 1,800 apartments ranging from 2-4 BHK priced in the range of Rs 80 lakh to Rs 2 crore. The project has potential marketable area of 25 lakh sq ft.
