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Provident Projects’ arm forays into Mangalore with 'premium affordable' homes

Puravankara Ltd. | Construction - Real Estate | Construction & Infrastructure | BSE: 532891 | NSE: PURVA

11 Feb 2013 Evaluate

Provident Housing, a wholly-owned subsidiary of the premier real-estate developer Puravankara Projects, 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 lakh and three bedroom apartments of 1377 square feet, priced at Rs 48.07 lakh (prices are inclusive of open car-parking).

These ‘premium affordable’ homes are of uncompromising quality. 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.

The Provident proposition is brought to Mangalore buoyed by its success in Bangalore and Chennai. The company is embarking on similar initiatives across major cities in the country, including Mumbai, Delhi, Hyderabad, Coimbatore, Mysore, Pune, Baroda, Ahmadabad, Kolkata, Nagpur and Jaipur.

Puravankara Share Price

220.20 -0.50 (-0.23%)

22-Apr-2026 12:42 View Price Chart

Peers

Company Name	CMP
Lodha Developers	894.10
Dilip Buildcon	454.15
DLF	613.50
Oberoi Realty	1739.00
Ahluwalia Contract(I	884.30
View more..

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Provident Projects’ arm forays into Mangalore with 'premium affordable' homes

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