Geras Island of Joy Project B

Project Overview

Geras Island of Joy Project B is a residential group-housing development registered under MahaRERA with registration number P52100052474. Located in Wagholi, Pune, the project is currently active (ongoing) and was registered with MahaRERA on 08 September 2023. The project encompasses 3 buildings rising up to 35 floors with a total of 626 units. The total plot area stands at 9,270.3 sq m (~2.29 acres) with a sanctioned built-up area of 77,371.14 sq m. The project's wing-wise breakdown — Tower 09A and 09B (254 units, 35 sanctioned floors); Tower 08 (187 units, 35 sanctioned floors); Tower 04 (185 units, 35 sanctioned floors) — reflects the scale filed with MahaRERA. The registered promoter is Gera Developments Private Limited.

Location & Connectivity

Geras Island of Joy Project B is situated in Wagholi, Haveli taluka (village: WAGHOLI), pincode 412207, within Pune. Per the RERA filing, the site is bounded to the north by Gat no 1255 P and 12 m wide road; to the south by 30m wide RP road; to the east by Project C; to the west by Project A. Wagholi is part of Pune's expanding urban fabric with access to the city's road and public-transport network. Buyers should evaluate proximity to key employment hubs and social infrastructure on the ground.

Developer & Approvals

The project is developed by Gera Developments Private Limited and registered under MahaRERA with number P52100052474. Registration was completed on 08 September 2023. The declared project completion date in the MahaRERA portal is 15 June 2028. The planning and building sanction authority is the Pune Metropolitan Region Development Authority (PMRDA). Key approvals on record with MahaRERA include: RERA Registration Certificate, Building Plan Sanction (Municipal Authority), Fire Safety NOC, Environment Clearance / Consent to Establish, Sewerage & Water Connection Approval. Buyers can verify the complete approval chain, quarterly progress reports, and promoter's financials directly on the MahaRERA portal at https://maharerait.maharashtra.gov.in/public/project/view/41585. As per the filed data, 572 units have been sold and 43 units remain unsold as of the last update in MahaRERA's records.

Configurations & Amenities

The project includes 626 residential units as per the RERA-filed unit breakdown. The project is planned with the following amenities: 24x7 Security with CCTV, Power Backup, High-Speed Passenger Lifts, Landscaped Gardens, Swimming Pool, Gymnasium, Clubhouse, Children's Play Area, Jogging Track, Indoor Games Room and more. Recreational open space of 5080.64 sq m has been earmarked per the RERA filing. Pricing information is not publicly disclosed in the RERA filing; interested buyers should contact the developer's RERA-registered sales office directly.

Investment & Buyer Due Diligence

Before committing to Geras Island of Joy Project B, buyers should conduct thorough due diligence:

1. Verify the RERA registration (P52100052474) on the MahaRERA portal and confirm the project status, completion date, and quarterly construction updates.
2. Review the promoter's track record — Gera Developments Private Limited should be assessed for previous project delivery timelines and any RERA complaints filed against them.
3. Check the approved building plan sanctioned by Pune Metropolitan Region Development Authority (PMRDA) and confirm that the building/wing you intend to purchase is covered under the RERA registration number P52100052474.
4. Confirm bank escrow details — under the Real Estate (Regulation and Development) Act, 2016, at least 70% of collections must be deposited in a dedicated escrow account; verify this with the developer.
5. Assess the locality — visit Wagholi at different times of day to evaluate road access, social infrastructure (schools, hospitals, markets), water supply, and sewerage connectivity.

All data in this listing is sourced from the MahaRERA public portal. Prices, configurations, and possession timelines should be independently confirmed with the developer or its authorised sales representative.