Provident Housing offers exclusive discounts for armed forces personnel on home purchases

Provident Housing Limited, a subsidiary of Puravankara Limited focusing on mid-segment housing, has announced a unique scheme designed to assist serving and retired armed forces personnel in India in owning a home. The developer will offer a special 2 percent discount for eligible armed forces personnel across its projects.

Aid for India’s Military Community

India has approximately 1.4 million serving military personnel and 2.6 million veterans. Provident Housing’s scheme aims to facilitate homeownership within their community for these individuals. The commitment to this initiative was formally handed over to Major General Ravi Murugan, AVSM, General Officer Commanding (GOC), Karnataka and Kerala Sub Area.

A Gesture of Gratitude

Mallanna Sasalu, CEO of Provident Housing, expressed the company’s respect for the armed forces and their protection of the nation. He emphasized the parallel between company employees’ dedication and the soldiers’ service to the country. The scheme is a token of gratitude, inviting armed forces personnel to become part of the Provident community.

New initiative by Provident Housing to aid home ownership for India’s armed forces

Eligibility Criteria

The eligibility for this discount includes all serving and retired members of the Army, Navy, and Air Force, their spouses and children, and officers of the Short Service Commission who have completed their full tenure. However, individuals with less than five years of service will not be eligible.

Wide Range of Projects

Provident Housing currently boasts 12 projects across nine cities. The discounts will be available across all existing and new launches until 31st December 2024, with a possibility of review thereafter.

This initiative by Provident Housing Limited reflects a significant step towards supporting the armed forces community in India. By offering these special discounts, the company aims to ease the path to homeownership for those who have served the nation, thereby acknowledging their contribution and sacrifices.