Gera Developments Private Limited (GDPL), a leading player in the real estate sector, has achieved a significant milestone by securing an AA(-) credit rating, solidifying its position in the industry.
Real EstateCredit RatingGera DevelopersFinancial PerformanceSustainable GrowthReal EstateMar 29, 2025
The AA(-) credit rating signifies GDPL's strong financial health and robust business model. It enhances the company's credibility, making it more attractive to investors, partners, and customers, and provides better access to financing options at favorable terms.
The key factors include GDPL's consistent financial performance, prudent risk management, strong track record of project delivery, and diversified portfolio. The company's focus on customer satisfaction and sustainability practices also played crucial roles.
The rating enhances GDPL's credibility and trustworthiness, making it more attractive to investors and partners. It also provides better access to financing options at favorable terms, enabling the company to expand its operations and undertake new projects with confidence.
GDPL has a robust pipeline of projects, including luxury residential complexes, commercial complexes, and integrated townships. These projects are expected to generate substantial revenues and contribute to the company's long-term growth and profitability.
GDPL implements several green building practices and sustainable development initiatives, aligning with the global trend towards eco-friendly construction. These practices not only reduce the environmental impact of the company's projects but also enhance their appeal to environmentally conscious customers.
Mumbai-based Suraksha Group has taken control of Jaypee Infratech Ltd (JIL) and appointed Devang Pravin Patel as its new Chief Financial Officer (CFO). The company will also delist its shares from stock exchanges.
Bengaluru's real estate market is poised for substantial growth in 2024, with prices expected to rise by 10% in prime locations, driven by demand from the tech industry.
Priyanjali Mariwala, part of the promoter family of Marico, has purchased a luxury apartment in Mumbai's Bandra-Kurla Complex for Rs 65.25 crore, with a high per sq ft rate of Rs 78,690.
FPCE, a homebuyers' association, has questioned the constitution and functioning of MahaRERA's conciliation forum, alleging a conflict of interest and seeking investigation by the Ministry of Housing and Urban Affairs.
Logan Group, a prominent real estate developer, has obtained a vital loan exceeding $1 billion through Unicorn Bay (Hong Kong) Investments, a firm in which it holds a 50% stake.
The Advertising Standards Council of India (ASCI) has released its Half-Yearly Complaints Report 2024-25, which highlights the significant presence of misleading and illegal advertisements in the real estate sector. The report reveals that between April a