Provident Kenworth, Rajendra Nagar – Location Highlights and Investment Drivers

Provident Kenworth - Site

Tired of paying the rent to my landlord, my wife and I recently decided to buy a flat of our own. As we are not locals to Hyderabad we wanted to search for a gated community which was developed by a prominent developer, at a location which was likely to appreciate (in case we were to sell it off later) and which was closer to all the social infrastructure that a family needs. Four other important points became our priority; one, since my wife works in IT/ ITES sector, the location that we choose to live in should be accessible from HiTech City/ Gachibowli or should be near the recently proposed ITIR 2 (next HiTech City). Second, if we were to put the apartment on rent we should be in a position to do so without much hassle. Third, already operational medical facilities must exist around the area and the last there should be water available so that we need not pay hefty amounts for procuring supplies from water tankers.

Road to Provident Kenworth
Road to Kenworth

After elaborate research, one gated community made a strong appeal to us. Provident Kenworth by Provident Housing (subsidiary of Puravankara) located at Rajendra Nagar stood tall amongst rest of the competition. Prior to my visit I had never heard about Provident Housing, however my friends from Bangalore were highly appreciative of the developer. Puravankara, a leading and rewarded real estate developer, has been in the business for over for 40 years. Since we were now dealing with an established player we decided to visit the site. We started from Kondapur and reached the Rajendra Nagar exit #17 from the ORR in 20 mins flat. And in the next ten mins we reached Provident Kenworth. This was important for us as the drive from the HiTech City was both easy and quick. We both thought that if were to be located here we will be able to balance our work life easily and not have to compromise on our careers. The site is located close to the PVNR expressway near pillar #293.

A view of the substation next to Provident Kenworth
Substation next to Kenworth

An exit ramp connects the site to both the PVNR expressway and the ORR making it just 17 Kms (15-20 mins) from the airport and 20 Kms (30 mins) from Gachibowli. With the constraints of location and the developer’s credibility no longer an issue we decided to probe deeper into the Rajender Nagar and found out some surprising facts. Rajendra Nagar is connected to Bangalore highway, Srisailam highway and Nagarjuna Sagar as well. Also Rajendra Nagar is the only well developed residential area closest to the upcoming ITIR Zone 2.

Work is going on at Provident Kenworth site
Work is going on at Provident Kenworth site

The Information Technology Investment Region Zone 2 is an approved project under the Telangana government. ITIR zone 1 was HiTech City and the area of Cyberabad and has now become a magnet for investment, creating employment opportunities and driving economic growth in the city. ITIR Zone 2 will be a combination of SEZs, industrial parks, IT and electronic manufacturing units. This means that one, we have another employment destination close to us where we can work, two, this will be an added driver for price appreciation of real estate in the area and, three, after the project is delivered (3 years from now) I will be able rent it out easily. When it comes to basic necessities, Rajendra Nagar is a matured destination.

Provident Kenworth floor and master plan
Provident Kenworth Plans

Provident Kenworth: Social Infrastructure and Amenities

Educational institutes: Mahatma Gandhi Institute of Technology and Nizam’s Institute of Medical Sciences is 30 mins away. Located just 20 mins from the site are reputed engineering colleges such as Chaitanya Bhartiya Institue of Technology and Vasavi College of Engineering. Tata Institute of Social Sciences is hardly 10 mins while Acharya N G Ranga Agricultural University is located behind the complex. Health facilities: Olive hospital, Premier hospital, Majestic hospital, Suncity hospital, Shadan hospital should be able to meet ones need for World class health care in the area.

Leisure and recreation: Provident Kenworth is within an 8 Km radius is Charminar, Deccan Polo Riding club and Falaknuma palace.

Shopping: Everyday grocery shopping and shopping for clothes will be met with Walmart, Spencers, More and Reliance super markets (5 to 10 Kms) within driving distance.

Local travel: Government of Telangana is investing ~Rs. 12,000 CR in building metro rail in Hyderabad and the Falaknuma Metro station will be coming up near to Provident Kenworth. This will provide the much needed high speed and comfortable access to residents of Kenworth.

All our priorities were answered satisfactorily at the Provident Kenworth marketing office. There was still the question of access to potable water which was one of our concerns. We were told that here water could be found just 60 feet from the top soil, unlike Madhapur, Kondapur or Gachibowli where the water table has depleted severely (~1000 feet). Besides this the site shares a boundary wall with a natural lake and the agricultural college where construction in the near future doesn’t seem likely. This will provide the site with air circulation and will provide a quiet lifestyle away from the busy world we live in. Provident Kenworth at Rajendra Nagar is most definitely a location worth consideration.

Project Updates As Of November 2017

Provident are launching The Pearl, the latest phase of their project Kenworth. The Pearl by Provident will offer 2, 3 and 4 BHK apartments to its residents. Provident have also come up with a new offer, which allows home buyers to make a purchase of an apartment without having to pay any booking amount. This is planned to be completed by April 2019, with the amenities taking another year. The apartment sizes and prices offered in this phase include:

Apartment Configuration Area (in sq. ft.) Price (in Rs. Lakhs)
2 BHK 930 – 980 44 – 49
3 BHK 1070 – 1280 52 – 63
4 BHK 1900 88 – 94