Provident Housing launches Rs 20 bn Sustainable Living Project
Real Estate

Provident Housing launches Rs 20 bn Sustainable Living Project

Provident Housing, a fully-owned subsidiary of the Puravankara Group, is gearing up for its next growth phase by committing an investment exceeding Rs 20 billion. This investment will be channelled into the development of a sprawling residential project spanning 5.8 million square feet over the upcoming four years. The focal point of this endeavour is embracing sustainable living principles.

This strategic initiative is anticipated to yield substantial results, projecting a revenue surpassing Rs 38 billion for the company. The flagship launch under this plan is named Provident Ecopolitan, a project that will see an initial investment of over Rs 4.50 billion. Nestled within Aerospace Park in North Bengaluru, Provident Ecopolitan will introduce an array of 956 apartments in versatile 1, 2, and 3 BHK configurations. These living spaces range from 625 to 1,427 square feet, with more than 60 per cent of the area dedicated to green spaces.

Mallanna Sasalu, CEO of Provident Housing, expressed his enthusiasm, stating, "The anticipation surrounding the launch of our latest venture, Provident Ecopolitan, is invigorating. It's evident that the amalgamation of an exceptional product and a strong brand allure continues to captivate potential homebuyers. The overwhelming response received since the unveiling of expressions of interest (EoIs) following RERA registration on August 11 underscores this fact. Our aim is to bestow upon our prospective residents a lifestyle that seamlessly merges luxury with eco-conscious architectural principles."

Sasalu further added, "This venture also strategically positions its inhabitants within easy reach of the city's prominent tech hubs, catering to a diverse spectrum of homebuyers. At Provident Housing, our commitment lies in furnishing top-tier amenities and meticulously planned layouts for our patrons, and this project stands as a pioneering example of our dedication to sustainable living."

Nestled amidst the heart of manufacturing and aerospace research facilities, the project promises to curate a sustainable and environmentally conscious lifestyle for its residents. It incorporates various sustainability elements, including water-efficient fixtures adorned with aerators, rooftop rainwater harvesting, and an advanced Membrane Bioreactor (MBR) Sewage Treatment Plant (STP) process, contributing significantly to reduced water demand.

At its core, Provident Ecopolitan is designed with sustainability in mind, offering its occupants a verdant abode enriched with over 45 indigenous tree species. The innovative "One Tree per Family" concept, coupled with features such as an organic waste converter and solar photovoltaic cells for common area illumination, substantiates its commitment to a greener lifestyle.

Provident Housing, a fully-owned subsidiary of the Puravankara Group, is gearing up for its next growth phase by committing an investment exceeding Rs 20 billion. This investment will be channelled into the development of a sprawling residential project spanning 5.8 million square feet over the upcoming four years. The focal point of this endeavour is embracing sustainable living principles.This strategic initiative is anticipated to yield substantial results, projecting a revenue surpassing Rs 38 billion for the company. The flagship launch under this plan is named Provident Ecopolitan, a project that will see an initial investment of over Rs 4.50 billion. Nestled within Aerospace Park in North Bengaluru, Provident Ecopolitan will introduce an array of 956 apartments in versatile 1, 2, and 3 BHK configurations. These living spaces range from 625 to 1,427 square feet, with more than 60 per cent of the area dedicated to green spaces.Mallanna Sasalu, CEO of Provident Housing, expressed his enthusiasm, stating, The anticipation surrounding the launch of our latest venture, Provident Ecopolitan, is invigorating. It's evident that the amalgamation of an exceptional product and a strong brand allure continues to captivate potential homebuyers. The overwhelming response received since the unveiling of expressions of interest (EoIs) following RERA registration on August 11 underscores this fact. Our aim is to bestow upon our prospective residents a lifestyle that seamlessly merges luxury with eco-conscious architectural principles.Sasalu further added, This venture also strategically positions its inhabitants within easy reach of the city's prominent tech hubs, catering to a diverse spectrum of homebuyers. At Provident Housing, our commitment lies in furnishing top-tier amenities and meticulously planned layouts for our patrons, and this project stands as a pioneering example of our dedication to sustainable living.Nestled amidst the heart of manufacturing and aerospace research facilities, the project promises to curate a sustainable and environmentally conscious lifestyle for its residents. It incorporates various sustainability elements, including water-efficient fixtures adorned with aerators, rooftop rainwater harvesting, and an advanced Membrane Bioreactor (MBR) Sewage Treatment Plant (STP) process, contributing significantly to reduced water demand.At its core, Provident Ecopolitan is designed with sustainability in mind, offering its occupants a verdant abode enriched with over 45 indigenous tree species. The innovative One Tree per Family concept, coupled with features such as an organic waste converter and solar photovoltaic cells for common area illumination, substantiates its commitment to a greener lifestyle.

Next Story
Infrastructure Urban

Large-sized Deals Drive 40% of Industrial & Warehousing Demand

With 25.6 million sq ft of gross leasing in 2024, industrial & warehousing demand across the top five cities remained healthy, witnessing a marginal 2 per cent YoY growth. Although, there was a noticeable dip in leasing activity during the last quarter, strong space uptake in the earlier quarters ensured steady leasing levels during 2024. During the year, Delhi NCR led the demand with 26 per cent share, closely followed by Chennai at 23 per cent share. On a quarterly basis, Q4 2024 saw about 5.5 million sq ft of industrial & warehousing demand across the top five cities. Pune, closely followed..

Next Story
Infrastructure Energy

Vedanta Aluminium Launches Advanced Operational Dashboard

Vedanta Aluminium, India’s largest producer of aluminium, has launched an innovative operational dashboard at its Jamkhani Coal Mine, Odisha. This state-of-the-art digital platform integrates real-time data, optimises performance metrics and automates routine processes. Developed in-house by a dedicated team, this dashboard leverages the First Principles approach to track mining operations at their most fundamental levels. It delivers actionable insights for achieving operational excellence through the Time-in-Use Model (TUM), which measures planned and actual cut rates, real-time coal expos..

Next Story
Infrastructure Transport

PNC-KKR Deal Nears Completion

Infrastructure company PNC Infratech has received in principle approvals from NHAI to transfer 100 per cent stake held by it in two subsidiaries (SPVs) for the Bundelkhand and Khajuraho road projects to the KKR-backed Highways Infrastructure Trust. With this, the PNC-KKR deal is on track for closure by March 31, 2025 as PNC Infratech is in the process of fulfilling the conditions precedents (CPs) for the transaction. One of the major CPs under the deal included change in control approvals from the highway authorities and no objection certificates from the lenders to the projects, according to ..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000