Provident Housing, a subsidiary of Puravankara Group, has entered into the bridge-to-luxury residential segment with its upcoming project in Bengaluru. The proposed project, located on IVC Road, is estimated to have a revenue potential of 600 INR Crore.
The project will cover 15 acres of land parcel and offer 288 premium residential apartments having an approximate area of 2,000 SqFt. The individual units will cost approximately 1.9 INR Crore, whereas the design will be inspired by Manchester City.
Also Read: Upcoming Residential Project – Rajapushpa Aurelia, Tellapur, Hyderabad
Provident Housing aims to develop large township projects spread over more than 30 acres, with 75% mid-income housing and 25% bridge-to-luxury housing. The Bangalore-based real estate company plans to focus on radical development in the city and is in talks for two large land parcels in Whitefield and Electronic City to develop township projects.
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