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Provident Housing, a wholly owned subsidiary of Puravankara focused on mid-segment housing, has announced a unique scheme to assist
serving and retired armed forces personnel in owning a home. The developer will offer a special discount of 2 per cent for eligible armed forces personnel across projects.
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.
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 31 December 2024, after which it will be reviewed again.
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