Provident Housing Enters Goa With ‘Adora De Goa’, An Integrated Resort District
Provident Housing Limited, a 100% subsidiary of Puravankara Limited, India’s leading residential property developer announced its grand entry into Goa with the launch of its maiden property ‘Adora de Goa’. Located near Dabolim, the near 32-acre land with panoramic ocean view is located strategically in Central Goa, equidistant to both the lively beach destinations of North Goa and tranquil beaches of South Goa.
Provident Housing, a Puravankara company will invest about over INR 500 crores (land plus construction) to develop this affordable luxury housing project. The construction contract has been awarded to L&T. The project is expected to deliver a Sales Volume of close to INR 1000 crores over the next 5 years or so. As part of its marketing strategy, the company has a dual strategy of attracting the local home buyers in Goa, as well as position it as a Vacation Home to those who live in other parts of India yet love Goa for what it is. Unlike other developers, Provident Housing believes that its homes are specifically designed to attract local home buyers of Goa, with homes that have expensive features yet are inexpensively priced.
Adora De Goa is a unique residential project integrated with features of a resort that resonates with the nature and culture of the state. The property offers residential homes with world-class amenities, retail spaces with high street coffee shops, restaurants, spa and boutiques with unmatched hospitality & leisure retail experience. The group is entering into a management contract with one of India’s best-known Hospitality Business Group, The Park Hotels. A full-fledged hotel/service apartment is proposed to be built & operated by The Park Hotels, under its Zone by the Park brand.