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
Technology

Building Faster, Smarter, and Greener!

Backed by ULCCS’s century-old legacy, U-Sphere combines technology, modular design and sustainable practices to deliver faster and more efficient projects. In an interaction with CW, Rohit Prabhakar, Director - Business Development, shares how the company’s integrated model of ‘Speed-Build’, ‘Smart-Build’ and ‘Sustain-Build’ is redefining construction efficiency, quality and environmental responsibility in India.U-Sphere positions itself at the intersection of speed, sustainability and smart design. How does this translate into measurable efficiency on the ground?At U..

Next Story
Infrastructure Transport

Smart Roads, Smarter India

India’s infrastructure boom is not only about laying more kilometres of highways – it’s about building them smarter, safer and more sustainably. From drones mapping fragile Himalayan slopes to 3D machine-controlled graders reducing human error, technology is steadily reshaping the way projects are planned and executed. Yet, the journey towards digitisation remains complex, demanding not just capital but also coordination, training and vision.Until recently, engineers largely depended on Survey of India toposheets and traditional survey methods like total stations or DGPS to prepare detai..

Next Story
Real Estate

What Does DCPR 2034 Mean?

The Maharashtra government has eased approval norms for high-rise buildings under DCPR 2034, enabling the municipal commissioner to sanction projects up to 180 m on large plots. This change is expected to streamline approvals, reduce procedural delays and accelerate redevelopment, drawing reactions from developers, planners and industry experts about its implications for Mumbai’s vertical growth.Under the revised DCPR 2034 rules, buildings on plots of 2,000 sq m or more can now be approved up to 180 m by the municipal commissioner, provided structural and geotechnical reports are certified b..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?