Provident Housing Unveils Bayscape: Redefining Luxury Living in Chennai's Vibrant Suburbs

In the bustling heart of Chennai's southern suburbs, a transformative chapter in real estate unfolds with the launch of Provident Bayscape, a premium residential project by Provident Housing Limited, a subsidiary of the esteemed Puravankara Ltd. Officially announced on November 21, this development promises to set new benchmarks in modern urban living.

Spanning 5.35 acres on the Kelambakkam-Vandalur Road, the project is strategically positioned to blend convenience, comfort, and connectivity. With an impressive offering of 676 residential units, Bayscape is designed to cater to diverse family needs with 2 BHK apartments ranging from 993 sq. ft. to 1,107 sq. ft. and 3 BHK apartments between 1,309 sq. ft. and 1,424 sq. ft. This mix of homes ensures a balance of affordability and luxury for every discerning buyer.

A Commitment to Quality Living

In the words of Mallanna Sasalu, CEO of Provident Housing Limited, "Provident Bayscape offers unparalleled excellence in the quality of life for residents. This project reflects our unwavering commitment to creating living spaces that combine convenience, comfort, and connectivity." The development features 46.5% open area, ensuring a green and serene environment for residents. Facilities include a 10,000 sq. ft. clubhouse equipped with modern amenities. A large swimming pool, a fully equipped gym, and a relaxing yoga deck. A kids' play area for younger residents and a dedicated pet park for animal lovers. These facilities underscore Bayscape’s focus on creating holistic living experiences.

A Strategically Located Gem

Nestled in Chennai's thriving tech corridor, Provident Bayscape enjoys proximity to major hubs like Siruseri IT Park, ELCOT SEZ, and Pacifica Tech Park. This ensures residents are well-connected to employment hubs.

The area also boasts esteemed educational institutions, including Chettinad Dental College and Research Institute and Hindustan College of Arts & Science. This strategic positioning makes Bayscape an ideal choice for families and professionals alike.

Registered, Reliable, and Ready for the Future

Provident Bayscape is RERA-registered under Tamil Nadu RERA, giving buyers the assurance of compliance with legal and quality standards. The project is slated for possession by 2028, promising a secure investment for the future.

Provident Housing Limited, established in 2008, has a commendable presence across nine cities, including Bengaluru, Kochi, Mumbai, Goa, Hyderabad, Mangalore, Chennai, Coimbatore, and Pune. With a reputation for delivering exceptional projects, Bayscape adds another feather to their illustrious cap.

Real Estate Outlook in 2024

Despite a short-term slowdown in housing sales earlier this year, a recent JLL report paints an optimistic picture. The first nine months of 2024 recorded sales reaching 85% of 2023 levels, with expectations of a 12–15% growth by year-end. The festive season is anticipated to drive this surge, solidifying the market's momentum.