Provident Housing launches Rs 20 bn Sustainable Living Project

01 Aug 2023

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.

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