1.What is Provident Park Square?
Provident Park Square is a Premium residential project located on
Judicial Layout Kanakapura Road Metro station. This comprises of 2000 flats in 20 Acres.
2.Description and exact location of Provident Park Square?
Provident Park Square – an envisioned housing township by renowned real-
estate brand of Provident Groups, is coming up in tranquil suburbs of Judicial
Layout, off Kanakapura Road, Bangalore-South. The premise is just 1.5 Kms
away from proposed Metro Station. The project sprawls over a verdant land
parcel of 20 acres and offers 1, 2, and 3 BHK apartments with prices starting
from INR 27 Lakhs.
3.What are the Key Distances around the locations?
- Well-connected to JP Nagar (7 Kms), Banashankari (10 Kms) and
Jayanagar (9 Kms), IIM, Bangalore (10 Kms), Bannerghatta Road (12
Kms), Electronic City (18 Kms).
- 45 Kms from International Airport.
- 2 Kms from proposed Metro Station.
4.Different configuration available along with their size and price?
- 1 BHK 525 Sq Ft
- 2 BHK 700- 900 Sq Ft
- 3 BHK 1100 - 1300 Sq Ft
5.What makes this project unique and apart from others?
Provident Park Square is a state-of- the-art residential establishment offering
finest dwellings which are designed using modern techniques and equipped with
upscale amenities. The strategic location of the premise, off Kanakapura Road
provides an added advantage due to its proximity to prime employment hubs,
seamless transportation facilities and basic social conveniences. The proposed
developments in and around Kanakapura Road are sure to appreciate the
property rates and could be viewed as perspective investment asset.
6.What are the Facilities available in Provident Park Square?
Provident Park Square offers a host of lifestyle amenities and facilities for
fruitful utilization of leisurely hours. The facilities provided includes fully
equipped clubhouse, swimming pool, Kid’s pool, gymnasium, saloon & spa,
children’s play belt, garden area, tree-lined walking/jogging tracks, library,
crèche, multi-purpose community hall, indoor-outdoor sports’ facilities, well
planned parking area, rain water harvesting, in-house waste management system
and hi-tech security surveillance facility.
7.Any difference in the price based on the floor and orientation of
No, there wouldn’t be any floor Rise Charges.
8.What is the Procedure to Book a unit at Provident Park Square?
Spot the apartment you prefer.
Fill the EOI Form along with a booking cheque of INR 1,00,000/- favouring
“Provident Park Square” and submit it to the Purva Relationship Manager.
9.What Happens There After?
You need to submit Post Dated Cheques (PDCs) for the remaining instalments
within 15 days, upon which a Letter-of- allotment will be handed over, followed
by the Agreement formalities.
10.When do I get Confirmation about an Allotment?
On payment of the booking amount and submissions of PDCs towards the
remaining amount, your allotment would be confirmed.
11.Can I make a 100% Down payment?
Yes, you may. Get in touch with our sales team for more insight on this option.
12.Mode of Payments for instalments and its Time bound?
The mode of payment is through Post Dated Cheques (PDCs). The details on
time-bound criteria could be found in the payment schedule.
13.What happens if I cancel my Booking?
Well! Why do you want to miss this great opportunity? But then, if you want to
cancel this deal, 1% of the sale value will be deducted before Agreements and
15% of the Sale value will be abstracted after agreements as cancellation fee
and balance would be returned.
14.What about Car Parking Space?
Every apartment unit is annexed with a car parking space. Any additional
parking allotment is subjected to availability at additional cost.
15.Are modifications within the units are permitted?
Modifications pertaining to structural changes are not allowed. However, the
interiors can be customised as per the individual’s taste.
16.Are there any issues with the Title of the project?
There are absolutely no issues with the title and investors can absolutely be sure
about the legitimacy of the project. The provident Groups have taken all
necessary diligence and the land is dominion, bankable and free from all
17.What about the Approvals??
The project holds all essential pre-approvals from authorised City planning
18.What are the Agreements that needed to be signed?
Following assents needs to be accorded: Agreement of Sale, Agreement to
Construct, followed by the Sales Deed at the time of possession.
19.What is process of Assignment?
Assignment happens after the authentication of Agreement copies followed by
submission of PDCs, payment of three installations and with the new party
affirming with the terms and conditions of principal agreement.
Assignment is liable to a transfer fee and if the loan amount has be availed, then
all the concerned documents provided by Provident Groups which were
deposited to the Bank/ Financial institution needs to be retrieved and submitted
back along with NOC (No Objection Certificate)
20.Details about the compensations, if there are any delays in construction and
As mentioned in the agreement, Provident Groups will pay 8% per annum on
the collected amount.
21.What are the other addition amounts to be paid?
The BESCOM & BWSSB charges, Maintenance Charges, Power Backup
charges, Registration charges, Khata Assessment Charges, VAT and Service
Tax should be paid as per the protocols at the time of possession.
22.What about Maintenance of the Property?
The Property maintenance would be done by Provident Management and
Services and is obligated to certain charges in this regard.
23.Has Provident Park Square been approved by banks/housing finance
institutions (HFIs) for loan?
Yes, approvals from all leading Banks/HFIs will be opted, who will provide
loans to the customers based on their eligibility criteria.
24.What is my responsibility for disbursement of the instalments through
The timely disbursement of instalments from the concerned HFIs is the absolute
responsibility of individual customers. A consent letter needs to be provided by
the customers in order to ease-out the payment transactions. Post dated cheques
(PDCs) handed over for the instalments will be returned on receipt of the
payment from the HFI.
25.What is the Scheme for maintenance?
The advance maintenance fee of Rs. 50 per sq.ft will be charged for the first
year which shall be collected at the time of closing your account. From the
second year onwards, maintenance charges will be raised as decided by the
Association/Provident Property Management & Services.
An additional sum of Rs. 50 per sq.ft of super built area will be collected as
sinking fund. This amount will be amassed in an Escrow account and the actuals
will be used for major expenses.
26.What happens if I have any more questions/clarifications?
Please feel free to address your doubts or concerns about the project through our
website. Any issues will be consigned within a specific timeline. You can also
reach us at this Number.