+
Provident Housing enters bridge-to-luxury residential
Real Estate

Provident Housing enters bridge-to-luxury residential

Provident Housing, a subsidiary of Puravankara Group, has ventured into the bridge-to-luxury residential segment with its maiden project in Bengaluru and will focus on large township projects to drive growth, said its chief executive Mallanna Sasalu.

The project, spread over 15 acres on IVC Road, will be priced at about Rs 1.9 crore per unit with a total revenue potential of Rs 600 crore. It will have 288 units of about 2,000 sq ft each, inspired by Manchester City.

?We started as an affordable housing company, but the definition of affordability has changed in the last couple of years. We will develop more bridge-to-luxury projects depending on the scope and market requirements,? Sasalu told ET.

The Bengaluru-based company, launched in 2009. plans to have a portfolio mix of 75% mid-income and 25% bridge-to-luxury homes.

Provident Housing will also focus on large township projects spread over more than 30 acres, as demand for community living is gaining prominence in the country. ?We have a history of building large township projects that can not only make homes affordable but also value for the customers,? said Sasalu.

Provident Housing, a subsidiary of Puravankara Group, has ventured into the bridge-to-luxury residential segment with its maiden project in Bengaluru and will focus on large township projects to drive growth, said its chief executive Mallanna Sasalu. The project, spread over 15 acres on IVC Road, will be priced at about Rs 1.9 crore per unit with a total revenue potential of Rs 600 crore. It will have 288 units of about 2,000 sq ft each, inspired by Manchester City. ?We started as an affordable housing company, but the definition of affordability has changed in the last couple of years. We will develop more bridge-to-luxury projects depending on the scope and market requirements,? Sasalu told ET. The Bengaluru-based company, launched in 2009. plans to have a portfolio mix of 75% mid-income and 25% bridge-to-luxury homes. Provident Housing will also focus on large township projects spread over more than 30 acres, as demand for community living is gaining prominence in the country. ?We have a history of building large township projects that can not only make homes affordable but also value for the customers,? said Sasalu.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code