Provident Housing offers discount for armed forces personnel, veterans

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December 29, 2023: Provident Housing, a wholly-owned subsidiary of Puravankara focused on mid-segment housing, has announced a scheme offering a special discount of 2% for eligible armed forces personnel across projects.

According to the company’s statement, as of last count, India has around 1.4 million serving personnel and around 2.6 million veterans. This scheme aims to help them own a home in a Provident community. A special commitment by Provident Housing to this effect was handed over to Major General Ravi Murugan, AVSM, general officer commanding (GOC), Karnataka and Kerala Sub Area, at a meeting in his office.

“Just as our employees serve the company, our soldiers serve our country with pride and distinction. To show our gratitude, the idea of inviting them into a Provident Home was born,” said, Mallanna Sasalu, CEO, Provident Housing.

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

Provident Housing has 12 projects across nine cities and the discounts will be offered across all existing and new launches till December 31, 2024, after which it will be reviewed.

 

Got any questions or point of view on our article? We would love to hear from you. Write to our Editor-in-Chief Jhumur Ghosh at jhumur.ghosh1@housing.com

 

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