Puravankara’s First Premium Affordable?Residential Offering?in Mumbai
Provident Housing Limited (PHL) today announced the launch of?Provident Palm Vista?in Mumbai.? With?superior architectural designs, first-of-its-kind ‘switch’ furniture and a strong focus on sustainability,?PHL’s entry into the city of dreams will?positively?disrupt?its urban housing landscape. Since its inception in 2008, Provident Housing Limited has pioneered and championed the premium affordable housing segment of the country. Over the last 12 years, ~21 msft of projects have been launched across Bangalore, Chennai,?Hyderabad, Mumbai, Pune, Goa, Kochi,?Coimbatore and Mangalore, out of which?~12?msft?has been delivered. By incorporating modern construction methodologies, PHL offers high-quality, affordable homes that are completed to perfection and are delivered?within accelerated timelines. Provident Housing was also one of the first industry players in the Indian real estate to see investments from IFC and IFC Emerging Asia Fund. The latest project of PHL is located in Kalyan, an emerging residential hotspot in Mumbai. Over the last few years, Mumbai has harboured?a rising demand for premium affordable?housing?from branded developers. Provident Housing?promises to achieve this while fulfilling the aspirations of the new age homebuyer and elevating their lifestyle. Ashish R.?Puravankara, Managing Director,?Puravankara?Limited,?said,?“We are excited to expand our footprint?in?Mumbai?and?have a transformative impact on the vibrant metropolis.?This new venture of Provident Housing Limited will enable?thousands?of homebuyers?to?have improved access to?affordable?luxury?housing in planned and green urban spaces.?Beyond the commercial factors, Mumbai will always hold a special significance in?Puravankara’s?46-year-old legacy. We began our journey here in 1975. I am delighted to be back here to mark yet another milestone in our company’s history.? We are confident that our unmatched infrastructure, timeless designs, intelligent amenities, and sustainability-led innovations will spur growth in the region’s real estate.” Puravankara?Limited?has envisioned an ambitious pipeline over the upcoming quarters.?In FY22, it plans to launch close to 15?msft. Out of this, Provident Housing Limited accounts for 7?msft. The flagship brand?Puravankara will account for 3.5?msft. On the other hand, its plotted development arm,?Purva?Land, will see close to 4?msft.
Tags : News/Views Ashish R. Puravankara Puravankara Limited Premium Affordable?Residential Provident Housing Limited Architectural Designs Urban Housing Landscape