Puravankara Group arm Provident Housing enters bridge-to-luxury residential segment

Unnati More Dec 04, 2023 0

Provident Housing, a subsidiary of Puravankara Group, has entered into the bridge-to-luxury residential segment with its upcoming project in Bengaluru. The proposed project, located on IVC Road, is estimated to have a revenue potential of 600 INR Crore.

The project will cover 15 acres of land parcel and offer 288 premium residential apartments having an approximate area of 2,000 SqFt. The individual units will cost approximately 1.9 INR Crore, whereas the design will be inspired by Manchester City.

Also Read: Upcoming Residential Project – Rajapushpa Aurelia, Tellapur, Hyderabad

Provident Housing aims to develop large township projects spread over more than 30 acres, with 75% mid-income housing and 25% bridge-to-luxury housing. The Bangalore-based real estate company plans to focus on radical development in the city and is in talks for two large land parcels in Whitefield and Electronic City to develop township projects.


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Disclaimer: The information contained herein has been compiled or arrived at, based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. The image featured in this article is for representation purposes only and does not in any way represent the project. If you wish the article to be removed or edited, please email editor@biltrax.com.

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