Provident Housing has announced the pre-launch of their new residential apartment project called ‘the Tree’. The project derives its name from the fact that it houses 338 trees spread across ~6 acres in addition to 560 apartments in 1,2 and 3 BHK configurations. Provident being the affordable housing arm of Puravankara Projects has on offer apartments as small as 605 sft to fit an all inclusive budget as low as 28 lacs.
the Tree by Provident – Options
- 1BHK : | 605 Sft |
- 2 BHK : | 884Sft | 903 SFT |1005 Sft |1021 Sft | 1116 Sft |
- 3BHK : | 1116Sft | 1133 Sft | 1191 Sft |1258 Sft | 1318 Sft | 1322 Sft |
the Tree by Provident – Location
- International Airport (KIAL) – 43.6km
- CMTI Metro Station (PH-1) –PEENYA – 9.3km
- Mysore Road – Metro Station (PH-1) – Nayandahalli – 10kms
- NICE Road – 3.5km
- ORR – 4.8 km
- Peenya Industrial area – 7.9 km
- Tumkur Road – 10km
- Yeshwantpur -10.7 km
- Rajaji Nagar -10.3 km
- MG Road -17.2 km
- Majestic -12.9 km
- City Railway Station -12.3 km
- Sampige Road -12.6 km
- Vijayanagar -8.2 km
- Hosahalli -9.6 km
- KR Market -12.7 km
the Tree by Provident – Price
As of pre-launch date of 12th September 2014, priced at Rs. 3690/- per sft. All inclusive prices as low as ~28 lacs. Basic price starting at ~23 lacs
Optional Car Park with three options Stilt, Semi-Stilt and Basement priced at 1.5 lacs, 0.75 lacs and 1.25 lacs respectively[suffusion-widgets id=3]
the Tree by Provident – Concerns
- Share with your comments
the Tree by Provident – Investment Plus Points
- Located in a well planned neighborhood
- Well connected via NICE road and ORR
- Attractive price during pre-launch
I had been promised 0.75% commission by proptiger through which i had invested in The Tree. But Provident Housing has not yet given them the brokerage due to which my commission charges have been delayed. Its already over one & half year I have booked a flat in The Tree & have paid 50% amount to M/s Provident Housing.
Can anyone tell me genuine review’s about “The Tree by provident”.I am interested to buy 3BHK flat in this apartment and I also want to know about the provident Quality of work and about project delivery time?
My sincere advice is not to buy any thing from Puravanakara or provident housing
The quality sucks and all project are delayed , if you buy make sure that you loose quite a big amount + sleepless nights
my sincere advise is to stop investing in real estate for self use and investment. Better avoid this sector totally. Lots of corruption and unregulated market .
All builders are having black money and its all about HOLDING power. There is no 3rd part quality check and certification. so coming to puruvankara..i too heared that the quality is not good ..and better avoided.
If you really interested in depositing all your Hard earn money into Puravankara/Provident bank Account then kindly read the review of Puravankara/Provident Harmony @ http://harshasagar.com/2012/01/08/provident-harmony-puravankara-group-location-price-review-concerns-public-opinion-more/
Quality sucks !!! All the plaster is coming with finger nail !!!
Kind of response we received from Puravankara/Provident after agreement:
We called: No response
We wrote the mail : No response
We had the meeting : No response
We wanted to visit the flat : Not allowed
We wanted to verify the quality from 3rd party: Not allowed
What Next ?
Make a wise choice !!!
I have paid the booking amount for a flat at the tree by provident. But i am not interested to buy it as i have got a good villa plot in chandapura and going for it. If any interested buyer is available then please let me know. The allotment is about to start in 2 – 3 days .
Shocked to see the recent unethical/inaccurate/false/misleading advertisements by Provident for their Welworth city project (which is of course a dud project). It is still acceptable to claim that a ready to move in project is launched when the fact is they havent been able to sell during pre-launch/launch/construction phases. I can give that much credit to the marketing guys for putting a spin. But what is ridiculous is to try and remove the slightest of the connections with the original project. Sample this
1. the ad says Provident Freedom whereas its just the same old Provident Welworth City.
2. The location mentioned in the ads is Yelhanka Airport Road whereas in reality the project is on Dodaballapur Main Road, a good 15 -20 Kms away from Yelhanka Airport Road.
What do these builders think – specially purvankara? that they can change a name and fool people? Anyone who is looking to buy/invest will not even go and see the project and come to know that its the same worthless trash?
Is this area developed?
Is this near BIG BANYAN TREE??
Can any one advise me which is better option for investment.Provident The Tree or Provident Sunworth .I don’t want to pay in one go and looking for something which have good return in future.
Both are good for self use. Sunworth has progressed well in terms of the construction and it is very less risks to enter.
If you are looking for investment. not sure how the rental potential as these areas does not fall under the IT belt.
How is the location and infrastructure?
when builder is not able to sell after (a) running “provident morning” ads on radio1 for 3-4 months, (b)putting hoardings all over the city, (c)running full page ads in newspapers, (d) offering some lucrative financial plan and (d) keeping the price unchanged for months then what hope do you have that you will be able to sell and make money on your “investment”. whatever “worth” was their in these projects, builder has already put them in the name (welworth and sunworth). beyond that, there is no worth !
Sachin, I like your writing. The sarcasm is pretty good. Well done.
You need to wake-up to the realities of the day. Builders are bad. They make more money than any customers. We all know that. However, real estate returns (or returns from ‘real assets’ still beat the returns of FD or other safe ‘financial’ assets in a high inflation country like ours
people said the same thing about gold my friend. and people also said the same thing about housing market in US. and rest is history. But i still partially agree with you. Partially because in my view a right real estate asset at the right price and at the right location will give you handsome returns not every piece of real estate.
Hi Sachin_Federer, I have seen your comments in multiple forums in this website, and think you bring in a different perspective with detailed analysis, however bad that may sound to few people. Do you mind looking at the Prestige Gulmohar project which is in pre-launch now and provide your opinion how good/bad it will be for self-use/rental income perspective.
I have not visited Prestige Gulmohar yet. Once i do that I will surely write my views here.
if you looking near e city then DLF maiden height.
It is going to be ready in march 2015 and very good resale option is available.
@vishal : desperate much to offload your flat?
A simple search on commonfloor.com returned around 100 units up for sale at The Tree (Only 7 listings are from builder)
So, 93 “investors” realized it hard way that there are no more “fruits” on this tree. Now they eagerly wait to jump out of it…
How long will it take? No one knows.
@ManjuShree – You got it wrong. All 100 (including 7 defined as builder) are basically ad from brokers who work with builder as channel partner. If you have doubt – please call 5-10 of them and you can confirm. Else it does not make sense because of two factors like in less than 25 days of time, 100+ apartment booked and folks are ready to sell. Also if 100 folks are ready to sell then i am assuming atleast 125-150 apartment out of total 560 apartments are already booked in less than 25 days 🙂 .