Provident Housing Limited, a subsidiary of Puravankara Group, plans to launch its first themed villament project, Provident Deansgate, in Bengaluru, with a projected top line of Rs 600 crore.
Villaments are independent units that are part of a larger complex comprising apartment blocks. These villas are claimed to have the benefits of a private accommodation such as privacy with the added advantages an apartment complex offers such as securities and other amenities.
Located in North Bengaluru’s IVC Road, the project has been conceived across 15 acres with 288 duplex villaments themed in Manchester architectural style. The total development potential of the project will be 6 lakh square feet with an investment of Rs 230 crore barring land costs.
“We are planning to launch on December 10. However, homebuyers have already started enquiring about the pre-sales lapping up almost 30 percent of the project. Each villa will be priced at upwards of Rs 1.9 crore, and the inventories will include 1,900-1,950 sq ft garden townhouses and 2,100-2,200 sq ft terrace townhouses,” chief executive officer Mallanna Sasalu told Moneycontrol.
The architecture of each townhouse will have distinctive features such as a square or rectangular shape, a symmetrical facade, and a pitched roof with dormer windows.