Provident Housing to develop affordable housing project in Mumbai
Real Estate

Provident Housing to develop affordable housing project in Mumbai

Realty company Provident Housing Limited (PHL) has entered the Mumbai real estate market with the Provident Palm Vista, an affordable housing project.

The last project of PHL was located in Kalyan, an emerging hotspot in Mumbai for residential demand. Over the last few years, Mumbai has witnessed rising demand for premium affordable housing for branded developers.

Managing Director of Puravankara Limited, Ashish R Puravankara, told the media that the company is committed to developing housing. With about 20,000 customers, the company will soon expand its housings in Mumbai. The new venture of PHL will enable homebuyers to have improved luxury, affordable housing and green urban spaces.

In the last 12 years, the company has launched 21 million sq ft projects in Bangalore, Mumbai, Chennai, Hyderabad, Pune, Goa, Kochi, Coimbatore and Mangalore, from which 12 million sq ft has already been delivered.

He said that the company is confident in providing the best infrastructure, timeless designs, smart amenities and sustainable innovations to boost real estate growth in the region.

Puravankara Ltd has planned an ambitious pipeline project in the upcoming quarters. In FY22, the company plans to launch a 15 million sq ft area. From the total area, PHL will have 7 million sq ft, and Puravankara will account for 3.5 million sq ft, while its plot development arm, Purva Land, will have about 4 million sq ft area.

It has already completed 74 infrastructure projects across 42 million sq ft area, and more than 22 million sq ft of the projects are under development. The company's total land bank is about 65 million sq ft.

Image Source

Also read: Puravankara to pump Rs 420 cr in two residential projects in Mumbai

Realty company Provident Housing Limited (PHL) has entered the Mumbai real estate market with the Provident Palm Vista, an affordable housing project. The last project of PHL was located in Kalyan, an emerging hotspot in Mumbai for residential demand. Over the last few years, Mumbai has witnessed rising demand for premium affordable housing for branded developers. Managing Director of Puravankara Limited, Ashish R Puravankara, told the media that the company is committed to developing housing. With about 20,000 customers, the company will soon expand its housings in Mumbai. The new venture of PHL will enable homebuyers to have improved luxury, affordable housing and green urban spaces. In the last 12 years, the company has launched 21 million sq ft projects in Bangalore, Mumbai, Chennai, Hyderabad, Pune, Goa, Kochi, Coimbatore and Mangalore, from which 12 million sq ft has already been delivered. He said that the company is confident in providing the best infrastructure, timeless designs, smart amenities and sustainable innovations to boost real estate growth in the region. Puravankara Ltd has planned an ambitious pipeline project in the upcoming quarters. In FY22, the company plans to launch a 15 million sq ft area. From the total area, PHL will have 7 million sq ft, and Puravankara will account for 3.5 million sq ft, while its plot development arm, Purva Land, will have about 4 million sq ft area. It has already completed 74 infrastructure projects across 42 million sq ft area, and more than 22 million sq ft of the projects are under development. The company's total land bank is about 65 million sq ft. Image Source Also read: Puravankara to pump Rs 420 cr in two residential projects in Mumbai

Related Stories

Gold Stories

Next Story
Products

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement