Provident forays into Mangalore with ‘premium affordable’ homes

Bangalore, February 11: Provident Housing Limited, a wholly-owned subsidiary of the

premier real-estate developer Puravankara Projects Limited, will make
its debut in Mangalore.

The company is set to launch a property at Derebail, Konchady (on
airport road), an area well-connected to the city’s prime
intersections and national highway. Ingeniously named ‘Skyworth’,
the property is located on a hilltop which furnishes all its
apartments with panoramic ‘sky-vistas’.

With its brand firmly anchored in the premium segment, Puravankara
established Provident in 2008, in response to latent demand for
mid-income housing. Brand Provident exemplifies the pioneering
‘premium affordable’ housing concept.

These are premium homes built to sell at affordable prices, attributed
to a value-engineering process that reins in costs. The end result:
the properties are priced 25-30% below competitor offerings. Provident
Skyworth entails two bedroom apartments of 1091 square feet, priced at
Rs. 39.22 lakhs and three bedroom apartments of 1377 square feet,
priced at Rs. 48.07 lakhs (prices are inclusive of open car-parking).

Provident Skyworth is appointed with modern attendant amenities
including, swimming pool, clubhouse, party-hall, supermarket,
landscaped gardens, multiple sports facilities – badminton court,
table tennis, billiards, indoor games et al. , rivalling best-in-class
properties. Perched atop a hill, dispersed over 4.15 lakh square
feet, encompassing 324 units with breathtaking views, Provident
Skyworth typifies modern living at its pinnacle.