Provident Housing to launch themed villament project in North Bengaluru: Report

Provident Housing, a unit of Puravankara Group, is set to develop its first themed villament project called 'Provident Deansgate' in North Bengaluru.

Published on: Nov 19, 2023, 17:29:08 IST

By Yamini C S

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In the realm of real estate, Bengaluru is all set to receive a villament residential project from Provident Housing in its north side, with a revenue potential of ₹600 crore.

The project will span across 15 acres and consist of 288 duplex villament units, which are planned to have a Manchester architectural theme. (Provident)

Provident Housing is a unit of property building giant Puravankara Group, and is looking to develop its first themed villament project called ‘Provident Deansgate’ on IVC Road in North Bengaluru, Moneycontrol reported.

The project will span across 15 acres and consist of 288 duplex villament units, which are planned to have a Manchester architectural theme. The firm will be launching the project on December 10 and investing ₹230 crore apart from land costs and develop approximately 6 lakh square feet (sqft), according to the report.

READ | Brigade Group to develop ₹2,100 cr housing project in North Bengaluru

Buyers have already booked as much as 30 per cent of the project in pre-sales. The publication quoted the CEO of the firm as saying that the price of each villa will start from ₹1.9 crore onwards, and that the inventories will include 1,900 to 1,950 sqft garden townhouses and 2,100 to 2,200 sqft terrace townhouses.

Moreover, the project is located three to four kilometres away from metro rail connectivity and is also close to the Kempegowda International Airport (KIA), the report added.

Colliers buys 1000-seater premium office space in Bengaluru

In similar news, real estate consultancy firm Colliers has bought a 1000-seater office space for agriculture start-up company Ninjacart within the Outer Ring Road corridor in Bengaluru, a press release from the firm stated.

READ | Realty firm signs new housing project in Bengaluru with ₹400 cr revenue potential

“After evaluating a series of viable spaces, a premium managed office space located within the Outer Ring Road corridor has been finalised and executed. This space operated by IndiQube, is equipped with modern-day amenities including a gym, childcare facilities, and a food court,” the release stated.

“Further, the commercial asset is in close proximity to an upcoming metro connection and will eventually provide added convenience to employees. Colliers successfully negotiated a fully managed 1037-seater office space with the top-tier service provider,” it added.

ABOUT THE AUTHOR
Yamini C S
Yamini CS is a Senior Content Producer at Hindustan Times with nearly six years of experience in digital journalism. She is part of the India News desk, where she works on a wide range of stories cutting across civic issues, city-based developments, politics, governance, public policy, breaking news, trending topics, and international affairs that have an impact on India. Her role involves tracking fast-moving developments, verifying information from official and on-ground sources, and presenting news in a clear, accessible format for a digital-first audience. A significant part of her work includes handling live blogs during major news events, such as elections, court verdicts, political developments, civic disruptions, protests, weather-related alerts, and unfolding national or international incidents. Through live coverage, she focuses on timely updates to help readers follow complex stories as they evolve. Before moving to the broader India News desk, Yamini was associated with the Bengaluru desk at Hindustan Times, where she extensively covered urban governance, infrastructure, traffic and transport issues, weather events, public grievances, and civic administration in the city. This experience strengthened her grounding in city reporting and sharpened her focus on citizen-centric journalism. She began her career as a correspondent with Reuters after completing a postgraduate diploma in journalism from the Indian Institute of Journalism and New Media. Her early training instilled a strong emphasis on accuracy, sourcing, and news ethics, which continue to shape her reporting style. Outside of work, Yamini enjoys reading across genres, listening to music, and spending time with her family, which help her maintain balance in a fast-paced newsroom environment.Read More

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