Provident Housing to develop affordable housing project in Mumbai

18 Oct 2021 CW Team

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

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..