Provident brings ‘premium affordable’ homes in Coimbatore
Jul 11, 2013
Source : The Times of India

 

DELHI: Provident Housing Limited, a wholly-owned subsidiary of the premier real-estate developer Puravankara Projects Limited, is set to launch ‘premium affordable’ homes in Coimbatore. The innovative residential project will be located at Selvapuram, Off Perur Main Road, near R S Puram, in the vicinity of the city center.

The property named Provident ‘Greenpark’ in a tribute to its verdant surrounds, endows its apartments with tranquil views, amid the bustle of the city.

Capitalizing on a nascent market trend, Puravankara forayed into the mid-income segment in 2008, with brand Provident. This pioneering proposition is not low-cost, but ‘premium affordable’ housing. Provident delivers design efficient, space optimized, cost contained homes, underpinned by a value-engineering process.

The net result: best-in-class homes at affordable prices. Provident Greenpark entails 1 bedroom units of 542 square feet, priced Rs. 17.29 lakh onwards, 2 bedroom units of 886 square feet, priced Rs. 28.87 lakh onwards and 3 bedroom units of 1208 square feet, priced Rs. 38.82 lakhs onwards.

This 560 unit project, spread over 9 acres of greenery, equipped with modern attendant amenities such as swimming pool, clubhouse, gymnasium, supermarket, crèche, children’s play area, jogging track, billiards room et al., is the epitome of stunning features and views.

The Provident proposition comes to Coimbatore following its success in Bangalore and Chennai. The company is embarking on similar initiatives across major cities in the country.

Commenting on the launch, Jackbastian K. Nazareth, Group CEO said,” There is a growing need among upwardly mobile Indians for life-style oriented homes at affordable prices. This largely under-served segment is fast burgeoning. We foresaw its potential at a nascent stage and foresee its prospect as a category growth driver. Provident is an idea whose time has come. We are delighted to bring this pioneering innovation to Coimbatore”.
Madhu V, Managing Director, Provident Housing Limited, added “Earlier, reconciling quality and affordability were thought to be improbable. Provident has demonstrated that the two variables can converge. It is a matter of some pride that we have transformed our first mover advantage into a critical mass. With that track record, we are well-equipped to deliver ‘premium affordable’ homes in Coimbatore”

Latest Realty News

Industries in special areas of Delhi-NCR to require green nod
Jul 11, 2013
DELHI: Industries located in ‘redevelopment areas’ that were not designated for industrial activity but have become industrialized over the past several years will now be brought in the ambit of green laws. Industries that were set up before February 7, 2007, must apply to Delhi Pollution Control Committee for consent to operate, a permission that will be renewed annually.
NAR-INDIA National Realtor Convention held in New Delhi
Jul 11, 2013
DELHI: The National Association of Realtors – India ( NAR-INDIA ), held its 5th Annual Convention at Hotel Taj Palace, New Delhi on 6 and 7 of July, 2013. NAR-INDIA was established in the year 2007 as the apex national level association for realtors ( real estate brokers ) in India. In the last 5 years, NAR-INDIA has grown rapidly with member reach across 26 cities with over 25,000 member representatives. The objectives of the association are to bring real estate brokers under a common umbrella,
Most owners refuse to pay house tax in Gurgaon
Jul 11, 2013
DELHI: Most of the apartment owners and housing societies in different parts of Gurgaon did not file their property tax despites the MCG’s deadline on the pretext that they can’t pay double taxes to different authorities – the MCG and the developer of their society.
Luxury home sales in Mumbai, Gurgaon down as growth tapers
Jul 11, 2013
DELHI: The richer middle class too is feeling the impact of the slowdown and isn't buying homes like before, badly impacting sales of luxury homes.
ASK Property invests Rs 147 crore in ATS housing project in Gurgaon
Jul 10, 2013
DELHI: Private equity firm ASK Property Investment Advisors today said it has invested Rs 147 crore in real estate company ATS Group's Gurgaon housing project.
Shrinking farmhouses in Gurgaon
Jul 09, 2013
DELHI: With land becoming dearer in Gurgaon, applications for farmhouses have gone down significantly in recent years.
Will rupee depreciation bring NRI real estate investors home?
Jul 09, 2013
DELHI: Dubai, which is touted to be the most popular and world-class property investment destination in the Middle East, has started to witness a recovery of its property market post the financial crisis. In 2012, real estate prices recovered for the first time, growing by 10% y/y, according to the Dubai Land Development (DLD) authority’s data and as quoted in various regional media. Real estate transactions in Dubai had increased by 8% to Dh154 million in 2012.
SBI ties up with Wave City
Jul 09, 2013
DELHI: WAVE City, a 4,500 acres integrated township under the flagship of WAVE Infratech has roped in The State Bank of India to fund its projects.
Will the Real Estate Bill see a rise in property prices?
Jul 08, 2013
DELHI: Once implemented, the Bill will bring a lot of transparency in the sector, and all the developers support and appreciate it. However, one needs to understand that there are certain sticky points. Take the deposit of 70% of the cost of the project, which includes the land and construction cost, in an escrow account, which would suck up the liquidity from the market. The land cost is the highest one has to bear today, and currently, most developers are facing liquidity crises, which will be
Realty regulatory bill to be introduced in Monsoon session
Jul 07, 2013
DELHI: The real estate regulatory bill that seeks to bring transparency and accountability in the realty sector will be introduced in the monsoon session of Parliament, a top government official said today.

Latest Realty News Of State

Realty Talk's