Puravankara Projects, a premier real-estate developer in the country, is launching a luxury residential apartment project in Rajajinagar, Bengaluru. The project will have over 300 units of 2-3 BHK over an ambling 4 lakh sq ft, 79 per cent of which will be open area.
Provident Housing, a wholly-owned subsidiary of the premier real-estate developer Puravankara Projects, will make its debut in Mangalore. The project- Provident Skyworth- will be located at Derebail, Konchady, an area well-connected to the city's prime intersections and national highway.
In November 2016, the Indian Government announced the demonetisation of Rs 500 and Rs 1,000 currency notes. The impact of this move has been felt in the hospitality industry, where the peak season is from October to March.