Provident Housing Limited is a wholly owned subsidiary of Puravankara Limited, founder and promoter Mr. Ravi Puravankara, who has built himself to become one of the top performing listed residential real estate companies in India headquartered in Bengaluru. Established in 2008 to cater to the needs of the mid-income and aspirational homebuyers, Provident is the value side arm to the name brand Puravankara which focuses on luxury and premium homes, and now active across nine major cities including Bengaluru, Chennai, Hyderabad, Mumbai, Pune, and Goa. Its operations in the area of Goa focus on Adora de Goa, a residential development designed as a resort around a large, private lagoon facilities. As ideally situated to derive the holiday-home and rental needs of the local economy along with end-user demand, due to its relatively close proximity to Goa's International Airport.
At the national level, Provident has delivered just under 13 million sqft of completed projects and living over 55 thousand residents of the family. A fresh pipeline of new launches at different stages of approval. This is a result of the listed-market heat and institutional support its parent can bring to bear, a factor that has enabled the company to explore newer territories such as Goa, which has been a strong area of growth for the company, without the heavy restriction that many of its smaller regional counterparts face.