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

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.
Realty projects get big boost, MoEF to now ease control
Jul 06, 2013
DELHI: In a major boost to realty sector, the Centre has granted power to states to decide on new townships and construction and development projects, restricting the ministry of environment and forests to environmental sustainability aspects.
Green panel stays construction at Noida landfill site
Jul 06, 2013
DELHI: The National Green Tribunal has stayed construction activity on the landfill site in Sector 123 here after a commission appointed by it found that the project had been formulated without following the guidelines. The Noida Authority has also been restrained from carrying out digging or construction till the next hearing.
RWAs in Gurgaon to protest new societies Act
Jul 06, 2013
DELHI: Claiming that the Haryana Registration and Regulation of Societies Act, 2012 goes against the interest of the residents, a group of resident welfare associations is planning to hold a demonstration outside Haryana Bhawan in Delhi on July 4 morning. They say that this Act that has replaced the Societies Registration Act, 1860.

Latest Realty News Of State

Realty Talk's