Provident Housing launches Rs 20 bn Sustainable Living Project

21 Aug 2023 CW Team

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.

Infrastructure Urban

07 Oct 2025

India To Invest $37 Billion To Boost Petrochemical Capacity

India is set to become a major global player in the petrochemicals industry, driven by a planned capital expenditure of $37 billion (Rs 3.1 trillion) aimed at reducing import dependency and enhancing self-sufficiency, according to S&P Global Ratings.In its latest report titled “First China, Now India: Self-Sufficiency Goals Will Add To Petrochemicals Supply”, S&P said India’s large-scale capacity expansion—mirroring China’s earlier push—will likely intensify oversupply pressures in Asia’s petrochemical markets.Currently the world’s third-largest petrochemical consumer a..

Infrastructure Transport

07 Oct 2025

Indian Railways Expands Global Exports Of Rail Equipment

Indian Railways has announced that it is rapidly emerging as a global exporter of railway equipment, including bogies, coaches, locomotives, and propulsion systems, under the government’s ‘Make in India, Make for the World’ initiative.According to an official statement, India’s railway products are now reaching over 16 international markets, reflecting the country’s growing capacity to design, develop, and deliver world-class rail solutions.Metro coaches have been exported to Australia and Canada; bogies to the United Kingdom, Saudi Arabia, France, and Australia; propulsion systems t..

Infrastructure Transport

07 Oct 2025

RailTel Awards Rs 163 Million Contract To RTNS Technology

RailTel Corporation of India Limited (RailTel), a Mini Ratna Public Sector Undertaking, has awarded a domestic work order worth Rs 163 million to RTNS Technology Private Limited.The contract, issued on 30 September 2025, involves the supply and installation of equipment and related services for one of RailTel’s key customers. The project underscores RailTel’s commitment to advancing technology and communication infrastructure through collaboration with domestic system integrators.RTNS Technology Private Limited, an ISO-certified system integrator, provides comprehensive solutions for perim..