Provident Housing announces the biggest festival of this season, Mega Online Home Fest! The fest offers savings up to Rs.12,00,000 lacs* on premium homes and 1 lac* instant additional cashback (over and above the offer price) on the purchase of an early-bird voucher worth Rs.999 (100% refundable if not used) before 16th October 2019.
You can arrive at this fest as per your convenience as it is a full-fledged ONLINE HOME FEST giving you a chance to own a Provident Home, in just a click. To make your festive season bigger and brighter, Provident Housing has handpicked the projects at the most in-demand micro-markets and have offered savings up to Rs.12,00,000 on these homes.
The offer price will be revealed on 18th October 2019 @00:00 hours on their website (hyper link this). To avail the voucher benefit, you must select and book an apartment online through their online home booking platform, BOOK MY HOME between 18th October 00:00 to 20th 0ctober 23:59 hours. The offer is valid for some specially chosen projects across Bengaluru, Chennai, Coimbatore, Goa and Hyderabad.
In 1975, the promise of Mumbai, India’s business epicentre lured a young man to its glitzy shores. In a quintessential narrative, he came to the city with big dreams, bolstered by little more than grit and determination. He foresaw a unique opportunity for high-quality property development in the thriving metropolis and with a single-minded focus and a steely resolve he pursued his vision. The prodigious youngster, who made his initial forays into real-estate at a very early age, is today listed among Forbes’ ‘100 Wealthiest Indians’ list. Among his numerous laurels, Ravi Puravankara was endowed with the ‘Lifetime Achievement’ award at the Realty Plus Excellence Awards-2012, Lifetime Achievers Awards for Outstanding Contribution to Real-Estate Sector at the CMO Asia Awards for Retail Excellence – 2013, ‘Scroll of Honour’ award at the Realty Plus Conclave & Excellence Awards – 2014 (South), BRAND ACHIEVERS AWARD – Lifetime achievement Award for Excellence – 2015, 9th REALTY PLUS EXCELLENCE AWARDS (SOUTH) 2017 – Scroll of Honour and BAM (Builders, Architects & Building Material) Awards 2018 for – Life Time Achievement Award, to name a few.
His foray into the world of Real Estate when he chanced upon he had an opportunity “that wouldn’t wait” – a chance to procure a stretch of land in his desired locality, thereby founding Puravankara Limited (PL), and the rest is history. Since then, the company has grown from strength to strength, having successfully completed 62 residential townships & five commercial parks spanning 40 million square feet. Currently, it has about 29 million square feet of projects under development, with an additional 70 million square feet in projected growth over the next 7-10 years.
When Ravi Puravankara decided to expand his base to Bangalore in 1985, the disruptive innovation that he bought in the realty landscape was a sight to be reckoned with. It was like a new wave of apartment scene in the garden city which was partial to bungalows and independent homes. At the time, the standard norm here was not more than 10-15 flats in a complex, but he envisioned the future built one with 660 apartments, the very first in Bangalore. Working on that scale, he ushered in the concepts of a clubhouse, a swimming pool and multiple amenities within the community. This indeed was the beginning of the ever-expanding Bangalore real estate market.
Puravankara prides itself on continual innovation to meet evolving market needs. In 2008, Ravi Puravankara had yet another epiphany. This time he conceived a vision for housing the burgeoning mid-income segment, it was an idea he was tinkering with since the early 2000s, always ahead of the curve. Under his aegis, Provident Housing Limited, a wholly owned subsidiary, was established to address the aspirations of upwardly mobile Indians and first-home buyers. The pioneering ‘premium affordable’ Provident proposition would bring best-in-class homes at affordable prices, underscored by a rigorous value-engineering process than reins in costs. The proposition has so far been very well received in the market with nearly 11 million square feet of projects now under development. As demand continues abated, the company plans to further augment its presence in this segment.
Ravi Puravankara, who founded the Puravankara Group in 1975, is the chief promoter and the driving force behind the company’s meteoric growth, fuelled by his prescient vision. The group, which began its operations in Mumbai, has established a sizeable presence in the metropolitan cities of Bangalore, Chennai, Coimbatore, Hyderabad, Kochi, Mangalore, Pune, Goa, Kolkata and in overseas locations such as Sri Lanka, Dubai and Saudi Arabia. The flagship parent company, Puravankara Limited, is listed on the Bombay stock exchange.
Driven by the foresight and vision of Ravi Puravankara, Puravankara Limited also 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% (Singapore) government-owned conglomerate, Keppel Corporation Limited. The joint venture company, Keppel Puravankara Development Private Limited, has on-going housing projects across the country.
Puravankara’s strong track-record and Institutional strengths set the company apart in the realty sector. Their commitment to corporate governance has ensured accountability, fairness and transparency in all the processes. This has also made Puravankara Limited one of the most trusted companies in the Industry. This is a clear reflection of Ravi Puravankara’s values and believes and which he always carried on his sleeves and ensured the the same is followed by the last employee in his group of Companies. His employees, from the 400-odd people, who were in the company five years ago, grew to the 900 plus employees today, work cohesively as a unit to accomplish what he set out to do – help people achieve their dreams!
The Puravankara Group has a wide footprint in real estate in South India. The company prides itself as a very consumer-centric real estate developer, letting their consumers’ interests and needs take precedence. Toward this end, Puravankara is coming up with the Big 72 Hours Home Fest between 15th-17th June 2018. The fest offers an opportunity to choose from a wide choice of ready and under-construction portfolio of both Puravankara and Provident. The fest will take place in Bangalore at Hotel Lalit Ashok. An unique feature of this fest is the unveiling of ‘India’s First Home Exchange Plan’.
Homebuyers who are looking to upgrade from their current homes to a Puravankara or Provident branded home can avail of the services of a number brokers, valuation experts, realtors and similar professionals who will be present at this fest to help customers sell their homes. All customers looking to buy a home at this fest can grab the opportunity by availing various finance schemes, discounts and finance plans on offer. Special Big 72 prices of all properties on offer will be unveiled on the 15th of June. Further details are available here.
Some of the properties that customers can choose from in Bengaluru include:
Purva Venezia, Yelahanka @ Rs. 5650/sq. ft.
Purva Skywood, Off Sarjapur Road @ Rs. 6400/sq. ft.
Purva Palm Beach, Off Hennur Road @Rs. 5990/sq. ft.
The Puravankara Group known for its professional business practices is one of the more renowned names in the real estate sector over the past 4 decades. They have an undoubtedly enviable brand image that has made them one of the most sought after names. The Puravankara Group is led by Mr. Ravi Purvankara and is head quartered in Bangalore. The real estate company is backed by prominent investors and is listed on Indian stock exchanges. After having built a strong foundation in Bangalore with popular projects such as Purva Riviera and Purva Venezia, the company has ventured into various geographies in West and South India.
Apart from Bangalore, they have a business presence in Mumbai, Pune Chennai, Hyderabad, Kochi, Coimbatore and Dubai. The company runs a premium housing segment under the brand name Puravankara. A budget housing venture is run under the name Provident. Puravankara develops projects that are priced above 60 lakhs while under the Provident brand name projects priced below 60 lakhs are developed.
Owing to its history, heritage, diverse culture and connectivity, Mangalore has always been a tourist hotspot. It’s not just the pristine beaches, the picturesque temples and churches and the diverse range of culinary options that Mangalore has to its credit, for in the past decade, the city has seen unprecedented industrial growth. The ongoing construction of three Special Economic Zones (SEZs) and the projected deployment of over 60000 jobs in the IT sector by tech giants like TCS and Infosys makes Mangalore a potential hub for India’s booming outsourcing industry.
With the booming job market and a great living experience in natural settings, quite unlike the surroundings of bigger cities, a property investment in Mangalore would be ideal for not just people native to the region, but a potential place for someone looking to settle with a peaceful life.
Provident Skyworth, located in Derebail, Mangalore, is a project by Provident Housing private ltd, a subsidiary of Puravankara builders, one of the leading real estate companies in India. They have projects ongoing in Bangalore, Hyderabad, Chennai, Coimbatore and Mangalore, and are an award winning company in the Affordable homes sector.
Provident Skyworth offers 2 & 3 BHK apartments, that are affordable and also offer a luxurious living experience.
Provident Skyworth: Location and Accessibility
Provident Skyworth is situated just 1.5 kms from the Infosys campus, a convenient commute for IT employees. The area is known to be a posh residential locality, and part of Prashant Nagar layout. It is famous for the Derebail church.
Mangalore is a fairly small city, and commuting is no hassle with plenty of autos and buses available connecting the different parts of the city. Provident Skyworth lies at the center of the city and is a short drive from the airport (8 kms), the Mangalore KSRTC Bus stand (7 kms) and the Mangalore railway station (5kms). Other nearby landmarks include AJ hospital (1km) and Bharat Mall (3kms) which is in Mangalore’s Shopping center.
The neighbourhood is teeming with lots of greenery around. The hilltop location of the project offers a panoramic view of the surroundings.
Provident Skyworth: Amenities
Provident Housing believes in creating a rich living experience and offers a wide range of amenities keeping the convenience of residents in mind. The project will feature 324 apartment units, with 6 towers, 13 stories each. All buildings are provided with two elevators.
The project offers a relaxing, homely environment with plenty of greenery in its environs. There’s a landscape garden with a children’s play area, and also a crèche for the busy parents.
There are avenues aplenty for socializing with a clubhouse, a multipurpose hall for private parties and indoor sports like Table tennis and Billiards. For the sport enthusiasts, there’s a badminton court, a jogging track, a well equipped gym and a swimming pool.
The safety and convenience of the residents is taken care of with security, full power backup, open and closed parking, fire control system, 24 hour water supply and a supermarket.
Provident Skyworth: Apartment Layout
At Provident Skyworth, only 2 BHK and 3 BHK apartments are available. All apartments have vitrified tile flooring in all rooms, the bathrooms have anti-skid ceramic tiles and the balconies have a ceramic tiles flooring. There’s also a provision for an exhaust fan in the kitchen area.
The 2BHK apartments have a floor area of 1091 sq ft. and are priced upwards of Rs. 55L. The 3 BHK apartments have two variants: 1331 sq ft. priced upwards of 65L and 1361 sq ft priced upwards of Rs. 67L.
Area (sq ft)
Provident Skyworth: Completion Status
The project is current ongoing completion and would be ready for possession by December 2017. The above pictures represent the completion status as of May 2017.
Mangalore has seen tremendous growth in the past decade and has been projected to see further development in years to come. The project’s locality is both conveniently accessible and hosts plenty of greenery. It also boasts of a variety of amenities and recreational facilities, and an aesthetic apartment design.
Provident Housing one of the leading real estate players in India has set up yet another project in Selvapuram, the residential district of Coimbatore and an area known for its new housing units in the recent years. Provident Green Park is an upcoming residential development by Provident Housing, a subsidiary of Purvankara. It is a nice locality where one can be assured of accessing all the amenities required for everyday life.
This project that offers 1-3 BHK apartments set in a very amicable and connected area could prove to be very appealing to people looking for a home and investment. Both developers and home seekers will surely benefit from the boom in the residential units in this area. This boom can easily be attributed to the close proximity to the city. Commercial spots, markets, hills and lakes along with IT and tech parks make the area around Provident Green Park a place of commercial importance.
Location and connectivity
The project is situated on the southern side of Coimbatore. The Coimbatore International Airport, the 15th largest airport in India is very close to Selvapuram. The connectivity to this area is pretty good. The main city can be reached in 10 to 15 minutes and the famous Ramamurthy road runs adjacent to the city. Some of the other prominent roads connecting the area with important junctions in the city are Vadapatti-Perur Road, Kovaipudur Bypass Road and Telungu Palayam Road. The Coimbatore Junction is at a distance of 4 km from locality and can be reached via Perur Main Road. The Ukkadam bus stand which is one of the five main bus stands of the city is situated in the neighbourhood.
Provident Green Park is located on the Perur Main Road which is home to numerous apartments namely SMS Lake View, Arunachala Avenue, Globus Nachatra etc. Hence it is also a safe, family oriented locality.
While choosing to stay in an apartment here, one wouldn’t have to think twice in terms of social conveniences. It is strategically located with schools, colleges, hospitals, malls, stores, restaurants etc. just around the project. Milton Matrix School one of the prestigious schools in Coimbatore is located just behind SMS College of Arts and Science. The College is around 1 km away from this locality. The Seetharam Hospital is 2 km away from Selvapuram. SIDCO industrial area, Tidel IT Park and KG Tech Park make the area a major commercial hub as well.
Prices and Unit Sizes
Provident Green Park is spread over 9 acres of land and has 11 towers. There are 560 units and the 1-3 BHK apartments are available at a price range of Rs. 22-50 Lakh. It covers a carpet area of 542 sq ft to 1208 sq ft. The base price is 25.96 L.
Build- Up Area
20.48L- 20.82 L
33.56L- 39.65 L
1208- 1351 sq.ft
43.92L -49.12 L
It is currently under construction and will be ready for possession by August 2017.
Provident Green Park is a project filled with modern facilities for residents to wallow in. A clubhouse, day care centre, gym, multipurpose hall, kids play area, swimming pool, meditation centre are few of the many that help make these residential apartments an apt place for a healthy living.
With a beautiful view of landscaped hills, lakes that surround the area and several appealing factors that include quality and convenience, Provident Green Park is definitely a project to look out for any home buyer.
The opening of the SIPCOT IT Park in Siruseri has brought about exponential development in – South Chennai. The Old Mahabalipuram Road (OMR) often referred to as the IT corridor of Chennai is a thriving IT/ ITeS destination -. Chasing the commercial development, this region is the most preferred location for most real estate firms for their next residential project, even though the cost is on the higher side. Therefore ,an alternate residential destination has emerged in – Vandalur-Kelambakkam road, providing good connectivity and better affordability. This is where Provident Housing ventured with the 31 acre development, Provident Cosmos, a ~2100 homes endeavour. While nearly 1800 homes are delivered and occupied, Provident has now announced sales for its phase II, the Freedom project, where one can simply buy a ready to move in house with all the amenities ready to use as well.
Updates as of November 2017 –
Provident Freedom in Chennai is a project by Puravankara Developers, one of the leading developers in south India. This project is now completed and ready to move in . The apartment sizes and prices offered include :
Area (in sq. ft.)
Price (in Rs. Lakhs)
983 – 1062
35.9 – 36.9
Despite OMR being the most attractive location for residence, IT professionals are more inclined towards residing at Vandalur-Kelambakkam road which connects the OMR to the GST Road and is high on affordability. Strategically located close to Kelambakkam, Freedom by Provident Housing ensures that the workplace is not more than half an hour away from the house, whether one works in the IT sector or the industrial units.
The project is in close proximity to reputed educational institutions like SRM University (25 minutes), Hindustan University (15 minutes) and SSN University (20 minutes). Schools in the vicinity include PSBB Millenium, BVM Global and Velammal Global. Chettinad Health City at the OMR-Kelambakkam junction takes care of any health needs a family might have.
Freedom by Provident:
The project has 7 blocks, encompassing 23 towers totally and nearly 340 apartments. These towers are divided into Classic, Premium and Super Premium residences. The ground floors of the blocks have different areas than the next three floors, being a little smaller. The sizes for the classic blocks are 848, 983 and 1062 square feet in variations of 2 bedrooms and 2 toilets and 3 bedrooms and 2 toilets.
Ready to Move-In:
In this project, the selling point is that all the amenities, play areas, landscaping, and ancillary spaces are ready touse. There is no waiting involved for the project to stand on its feet. The amenities provided by the builder include a clubhouse with a party hall, an open air theatre, badminton courts, a basketball post, multiple playing areas for kids and an old folks’ area. Starting at Rs. 36.9 lacs these apartments fall into budgets of several working professionals. Especially at a time when people are keen to own a ready to move in home, these offer a great advantage.
A lot of thought has been put into the design of the houses in Freedom. The sizes are categorised into ‘comfort’ and ‘grand’ categories. The 2 bhk ‘comfort’ module comes with 2 bathrooms-one attached and one common, as well as a utility room for the kitchen in an area of 848 square feet. The 3 bhk variants are of 983 and 1062 square feet, each with 2 bathrooms and a utility room for the kitchen. The blocks are also planned with open to sky pockets that provide ample natural lighting and ventilation to the entire space.
Out of the 2174 apartments on offer, an impressive ~1800 families have already moved into the complex. The fact that the amenities are ready to use, as well as its location on the Vandalur-Kelambakkam stretch of road makes this complex a very good investment.
The details displayed on the website are for informational purposes only. Information regarding real estate projects including property/project details, floor area, location data has been sourced from multiple sources on best effort. Nothing contained herein shall be deemed to constitute legal advice, solicitations, marketing, offer for sale, invitation to acquire by the developer/builder or any other entity. You are hereby advised to visit the relevant RERA website before taking any decision based on the contents displayed on the website.
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