Provident bets big on ready-to-move-in homes in the premium affordable segment

Introduces an unique plan where home buyers can now buy a home & move into it right away but pay just Rs.9999/- for the next 36 months

Bangalore, December 21, 2016: Provident Housing Ltd. a wholly owned subsidiary of Puravankara Group, and one of the leading real estate developers in the premium affordable housing segment is offering ready-to-move-in homes under an attractive financial plan.

Provident Housing has partnered with leading financial institutions like HDFC, SBI and ICICI Home Loans to support this unique plan for its ready-to-move-in projects – Provident Sunworth located in Mysore NICE Road junction and Provident Welworth in Doddaballapur Road. This plan enables families currently living on rent to buy a new home, and start living in immediately by paying only Rs. 9999 per month. The 36 month EMI holiday is a welcome relief for customers to own a dream home without changing their monthly financial outflow. The ready to move in homes offer customers the opportunity to substantially enhance their lifestyle, and move into larger gated communities that provide exclusive amenities.

Commenting on this innovative financial investment plan, Mr. Ashish Puravankara, Managing Director, Puravankara Projects Ltd. said that “We have seen an upswing in demand for affordable housing in Bangalore over last few years. Over 50% of homes sold in last two years were in the affordable segment. We are committed to consistently meet the evolving needs of our customers. With the new “Ready to move in” apartments our customers can enjoy a host of benefits. Such projects will help homebuyers financially and guide them to navigate their funds into more attractive investments like Real estate”

Why ready to move in?

i) Time saving – These projects offer immediate possession, therefore one doesn’t need to wait for years to move into their dream home

ii) Look and feel experience – The apartments are ready for viewing to ensure quick and effective decision making. One can walk into their home, before choosing to buy it

iii) Best Price – The prices on ready to move in homes are very competitive and one can further save on home loan interest that are typically incurred when one buys an under-construction home

iv) Service Tax and Vat are not applicable as these projects have been completed.

Buying a possession-ready apartment helps homebuyers to move in instantaneously and save the sky rocketing rent that urban residents face. For those who intend to buy one for investment purposes, can always rent the apartment immediately for added income.

The Rs. 9999 Plan

· Choose and buy a 2/3 BHK priced between Rs. 45-55 lakhs

· Ready-to-move-in projects

o Provident Sunworth – Mysore NICE Road Junction

o Provident Welworth – Doddaballapur Road

· Pay just 20% Down Payment

· Take a home loan for rest 80% from ICICI, HDFC or SBI

· Register your home & occupy it immediately

· Pay just Rs.9999/- for the next 36 months

Corporate Comm India(CCI Newswire)