Puravankara Introduces New Housing Plans for Hyderabad
Puravankara has picked Hydrabad as among the core markets for the upcoming 5 years as the important part of its vision in their development strategy of 2020. Puravankara Projects, MD, Ashish Puravankara added that the company is confident enough for getting better returns in Hyderabad realty market and its great potential for witnessing the appreciation. According to him, the prices of real estate have been rapidly growing. So, they are planning to launch affordable housing options that can provide great value in future to both the investors and end users. The group will soon introduce a mega project on PVNR Airport Expressway under Provident brand in Rajendranagar, Hyderabad, with their amazing book-building process.
Their growth strategy has been planned over several mega cities over the upcoming five years and they are planning to introduce about 12.5% of new projects in the city and they are developing the luxury residential spaces over the 5 million sq. ft. of landscapes, as the part of Puravankara Projects. Provident Premium is also scheduled to be developed on other 5 million sq. ft. of land.
Due to the professional development of policy makers and stable socio-political environment, Hyderabad is witnessing economic growth in several years to come and the real estate market is also growing rapidly. The commercial real estate is also witnessing the major traction here and the housing market is proposed to be opened soon with vast growth opportunities for tier-1 firms.
Provident Brand is under the pipeline and will soon be launched. Puravankara is considered to be one of the biggest real estate firms of India and has set its origin in Hyderabad. They have planned to launch a lot of housing projects in major cities in India at an incredible affordable price range. Bangalore is the home market of the developer. Including Bangalore, Hyderabad, Mumbai and Delhi have also seen the significant growth in property prices over the past couple of years.Puravankara New Launch Kenworth Rajendra Nagar Hyderabad
The developer is confident to provide high growth potential in the real estate market of Hyderabad. Provident is one of the best offerings from the developer in the city.