Provident Palm Vista is Set to Create a Positive Disruption in MMR Architectural Housing Landscape

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The project has been adjudged as the Thematic Project of the Year 2021 alt Times Real Estate ConclaveProvident Palm Vista is the 1st project of Provident Housing Limited (a 100% subsidiary of Puravankara) in MumbaiProvident Palm Vista, the maiden venture of Provident Housing Limited in Mumbai, has already crafted a niche place in the MMR region. From the introduction of the project in mid of October 2021 to December 2nd week 2021, it has received close to 1500 walk-ins. The project is already growing in stature, winning the best the Thematic Project of the Year 2021 at Times Real Estate Conclave, a living testimony to its rising fame.Provident Palm Vista (The photo hasn’t been shot at the site, image used for representation purpose only) Abhishek Kapoor, CEO, Puravankara Limited, said, “The core objective of rolling out Provident Palm Vista is making luxury affordable and accessible to the masses. We are quite glad to see that the project stands out in this fiercely competitive market even in this short span of time. With a well thought out architectural and structural designs, first-of-its-kind switch furniture and a strong focus on sustainability, it is set to change the definition of affordable luxury in the MMR region in coming times.We firmly believe that these positive trends for our project are here to stay, it will continue and culminate into the final deal when we open the project for sale in Q4 of FY 22. Palm Vista is one of the most ambitious projects, and it will be the stepping stone for the brand Provident Housing in Maharastra. It will further augur the brands expansion plan in key residential markets of the state in near future.”Currently, the project is in the price discovery phase, wherein potential homebuyers are given complete details of the project and the price bracket of each unit type. The interested homebuyers can put in their “Expression of Interest” (EOI) for the project. The final price revelation will happen in Q4 of FY 22.Palm Vista is a thoughtfully designed gated community with skillfully crafted unit plans for maximum space utilisation & ample sunlight and ventilation. Located in Kalyan, an emerging residential hotspot in Mumbai, one of the tallest developments in the micro-market, offering 1 BHK & 2.5 BHK apartments.The project is spread across 16 acres with 76% Open Space & 30+ Varieties of Palm Trees for an unparalleled natural ambience. Apartments at Provident Palm Vista are planned with minute attention to detail and functionality and offer more than 60+ leisure amenities to meet the lifestyle of the new-age discerning customer.In 46 years, Puravankara has gained global and industry-wide recognition for its unique, theme-infused projects that have continued to delight its customers. The saga continues with Palm Vista, which introduces its proud owners to a vibrant, tropical lifestyle in the city of dreams.About Provident Housing LimitedProvident Housing Limited, a 100% subsidiary of Puravankara Limited, was established in 2008 to meet the aspirations of teeming millions by offering premium affordable homes. It is also one of the pioneers in making premium, affordable homes in the country. For more information, please visit: www.providenthousing.com. About Puravankara LimitedPuravankara Limited is a leading real estate conglomerate headquartered in Bengaluru with a pan India presence. In the last four decades (46 years), the company has established two distinct and successful brands. The flagship brand Puravankara caters to the premium end of the spectrum. The company has completed 74 projects measuring over 42 million sq. ft., and over 22 million sq. ft. of projects are under development. Currently, the total land bank of the company is close to 65 million sq. ft.

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Weekly Technical Share Market Outlook

Weekly Technical Share Market Outlook

The Indian market recovered sharply on the last trading day amid the weekend after a continuous fall. Market has managed to halt above 16000 Nifty levels after continuous losing streak. Index reacted violently, grasping Indian as well as global factors throughout the week. Simultaneously, Inflation is catching up and profit margins are taking a hit.

 

Sensex advanced 1532 points or 2.90 percent while Nifty gained 484 points or 3.07 percent in a week. Simultaneously, Bank nifty has overcome bear’s dominance ending the session with 3.49 percent gain. Sectorally,Nifty Metal saw the highest gains of 7.40 percent followed by the Realty and Auto added over 4% gain. On the flip side Nifty IT tumbled 2.82 percent on weekly basis. Midcap and Small Cap measures rising nearly 2 percent as well.

In Nifty stock, EICHERMOT gained 11.31% while TECHM lost 5.98% on a weekly basis. INDIA VIX closes at 23.10 suggests volatility driven market is going to remain intact. Coming to the OI Data, on the call side highest OI witnessed at 17000 Nifty followed by 16800 Nifty strike price while on the put side, the highest OI was at 16000 Nifty followed by 15800 Nifty strike price. Technically, Nifty has formed a Tweezer Bottom type pattern in the weekly chart suggesting a short term buying rally may drive the market until monthly expiry. On the daily chart, price has rebounded from the lower Bollinger band as well.

Momentum indicators MACD & Stochastic were trading with a positive crossover & reversed from oversold zone. However, Index is still struggling to get the support of 50 Simple Moving Average in daily chart. Short term investors and traders are advised to work with option strategies to neutralize the volatility. Overall, Nifty is having support at 15700 mark while on the upside 16700 followed by 16500 may act as an immediate resistance. While Bank nifty has support around 32500 while resistance is placed at 36000 on weekly chart.

Sumeet Bagadia
Executive Director
Choice Broking

Source: Choice India