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Launch Provident Harmony

Provident Housing Limited, wholly owned subsidiary of Puravankara Projects Limited, launched their third project, Provident Harmony, today in Bengaluru.

Provident Harmony, as the name suggests, institutes the idea of 'Harmonius Living'. This property is located in Chokkanahalli, off Thanisandra Road, Bangalore and spread over 7 acres of land area. The apartments have been designed keeping in mind the mid income working population of Bangalore, with easy access to their work places amidst the hustle and bustle of modern city life. There are 548 apartments on offer, with a well planned layout offering a good open space ratio and efficiency. There are 54 single bedroom apartments of 662 sq. ft. size, 36 three bedroom apartments of 1262 sq. ft. size and 458 three bedroom apartments of 1241 sq. ft. size. The amenities are well thought off and make this offering the best in the category.

The special launch price is Rs. 2690/- per sq. ft. for a limited number of apartments and the construction of the project would commence on 2nd April 2012 with the possession scheduled in July 2014.

Commenting on this occasion, Mr. Jackbastian K. Nazareth, CEO, Puravankara Projects Limited, said “While the premium housing segment has built and maintained the momentum for Indian real estate sector in the decade gone by, it is the rise of lower middle class in metros as well as tier I/II cities that would drive its growth in current decade. At Puravankara, we spotted this trend quite early and forayed into affordable housing segment under ‘Provident’ brand in 2009. While most of the realtors are planning to enter this segment now, Provident Housing Limited has more than 6 million sq. ft. of projects at various stages of development. The group is aggressively looking at expanding into newer markets with a clear aim of becoming a Pan India player by the close of this decade.”

Puravankara:  Spearheading a revolution in real estate in India

Since inception in 1975, Puravankara has one mantra for success, ‘Quality’. Apart from this, values like uncompromising business ethos, focused customer centric approach, robust engineering, in-house Research and Development has created the leading real estate brand. Since then the Company has moved ahead from strength to strength successfully completing 36 residential/ commercial projects across Mumbai, Bengaluru and Chennai and presently developing 17 residential / commercial projects. Till date, 8000 homes have been handed over to the end users. With a strong commitment to work and ethos, Puravankara has been creating unique propositions, uncompromising quality products, fair business practices and a highly scalable execution capability.

The Group began operations in Mumbai and has established a considerable presence in the real estate industry in the metropolitan cities of Bangalore, Kochi, Chennai, Coimbatore, Hyderabad, Mysore and overseas in Dubai and Colombo. Puravankara has the distinction of being the first developer to obtain FDI in the Indian real estate industry through its joint venture with Singapore based Keppel Land Limited, the property arm of the 54% government owned conglomerate, Keppel Corporation Limited and are currently developing two projects in Bengaluru and Kolkata.

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