Provident Housing Ltd., a wholly-owned subsidiary of Puravankara Group and one of the leading real estate developers in the premium affordable housing segment, has announced the launch of Phase 1 of Kenworth lifestyle apartments at PVNR Expressway, Rajendra Nagar in Hyderabad.
Set to change the face of premium affordable housing in Hyderabad, Kenworth is an Integrated Lifestyle District providing a holistic living experience for the evolved home buyer, with fine homes, cafes, boutique shopping and smart offices within a single large campus.
Kenworth is also a unique theme-based project with all its amenities inspired by Art and Sports. The 20 acre Integrated Lifestyle District has a plethora of child development activities and the entire ecosystem has been designed to tap the budding talent among the children of today. The project offers over 21 beginners sporting facilities ranging from athletics, boxing, archery, kabaddi, badminton, mini-hockey, mini-football, volleyball, basketball, squash, table tennis, aerobics and many more.
It also provides for a Culture Club to infuse culture and experiential learning-based amenities for children, which include a mini-music studio and tinkering rooms for the inquisitive children residing in the project. The project shall have 2 and 3 BHKs along with a limited number of Kings league 4 BHK signature units, all at an expected price range of between Rs 37 lakhs to Rs 90 lakhs.
Ashish Puravankara, Managing Director, Puravankara Projects Ltd. commented, "We are glad to offer Kenworth by Provident as an Integrated Lifestyle District that will be symbolic of 'Wholesome Living'. The introduction of the Book Building process will help customers ascertain a fair price, in a transparent manner. We envisage that this project will overwhelm buyers with its high-quality design, finishes, features and yet, be
affordable to all.”
He further stated that, “The magnificent facilities will unequivocally put the required thrust on children to hone their skills and provide a foundation for his/her dreams to turn to reality. This project will be one of the largest residential launches of recent times in Hyderabad.
Located in the high growth PVNR Airport Expressway along with an attractive initial pricing, Kenworth forms one of the most attractive real estate investment opportunities in Hyderabad.
Provident, for the very first time in Hyderabad, has introduced the innovative Book Building process, which enables prospective customers to subscribe during the pre-launch of Kenworth through an expression of interest within a price range set by the developer.
The actual opening price for Kenworth by Provident would emerge from the inherent market determined forces of demand and supply. This transparent price discovery mechanism, also called as the EOI process, has been oversubscribed by over 2.3 times in a short period, the company said in a release.
The final launch price is expected to be announced soon to buyers, who have expressed interest in buying Kenworth by Provident. This reinforces the resurgent Hyderabad residential market and more specifically, the interest from buyers for high-quality projects from reputed Grade A real estate developers, such as Provident, a Puravankara company.
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