Do you know? PALMVISTA is Bankrolled by IFC (Member of the WORLD BANK GROUP)

The IFC is a member of the World Bank Group and is headquartered in Washington, D.C. in the United States. The International Finance Corporation (IFC) is an international financial institution that offers investment, advisory, and asset-management services to encourage private-sector development in less developed countries.

IFC is the largest global development institution focused on the private sector in developing countries.

IFC Emerging Asia Fund (EAF) have partnered with the Puravankara Group—a leading real estate conglomerate in the country to invest in the development of up to four residential projects under the 'Provident Housing' brand that is focused on affordable housing. About 4,000 housing units will be built in the next five to seven years, with other projects to be identified by 2021.

IFC and EAF's partnership with Provident will allow for quick scaling-up of the company's vision to provide access to high-quality affordable housing across India, especially among first-time homebuyers. It will help address the acute urban housing shortage in the country, with Indian cities needing to accommodate up to an estimated 18 million new urban dwellers per year. Reference Link- https://pressroom.ifc.org/all/pages/PressDetail.aspx?ID=26118

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About Developer & Projection.

Established in 1975, Puravankara Limited (“Puravankara” or the “Group,” https://www.puravankara.com/) is a reputed real estate developer in India, listed on the Bombay and National Stock Exchanges. The Group has constructed around 40.92 million square feet (msf) of area (mainly residential) as of 30th September 2020, across 71 residential and commercial projects with another 22.93 msf area under development, and a land bank of over 65 million square feet. Puravankara has major operations in Bengaluru with considerable presence in Chennai, Kochi, Hyderabad , Pune, Goa and Mumbai. The Group operates under two brands: “Puravankara” for luxury and higher-income housing and commercial office space.

• About Provident Housing.

“Provident” for affordable housing, and the latter is housed in a separate subsidiary - Provident Housing Limited ( “Provident”, https://www.providenthousing.com/), which was established in 2009.Since its inception in 1975, Puravankara has believed that there is only one mantra for success: Quality. This credo combined with uncompromising values, customer-centricity, robust engineering, and transparency in business operations, has placed it among the ‘most preferred’ real estate brands in both residential and commercial segments. The Group has grown to be one of the leading Real Estate Developers of the country, serving the needs of a discerning clientele.

• Exclusiveness of Puravankara Provident Housing Palm Vista ?

Palm Vista is a 16 - acre tropical heaven that is designed to give you a larger than life feeling. With more than 70% open spaces, you can reconnect with nature and yourself. Our homes optimize space and give you the ability to have an exceptional lifestyle with 60+ world class amenities. Book your home at Palm Vista today and walk into Provident living.