Puravankara Subsidiary Bags ₹144 Crore Residential Project Contract in Bengaluru

Puravankara Limited has strengthened its construction portfolio with a fresh contract win through its wholly owned subsidiary, Starworth Infrastructure & Construction Limited. The company has received a Letter of Intent from NPS Developers for executing a residential project in Bengaluru, marking another milestone in its steady expansion in the southern market.

The contract, valued at approximately ₹144.45 crore excluding GST and labour cess, covers a comprehensive scope of work including civil construction, structural development, waterproofing, finishing, and allied activities. The project, named Nature’s Nest, is located in Chinnagenahalli, Doddabanahalli in Bengaluru district, a region that is witnessing steady residential demand due to improving connectivity and infrastructure growth.

With an execution timeline of 28 months, the project provides strong revenue visibility for Starworth Infrastructure over the next two to three years. The contract follows an item rate model, indicating flexibility in execution and billing based on work progress, which is commonly adopted in large-scale residential developments.

This win highlights Starworth’s growing capabilities in handling end-to-end residential construction projects. Over the years, the company has been positioning itself as a reliable execution partner within the real estate ecosystem, backed by Puravankara’s strong brand presence and project pipeline.

Importantly, the company has clarified that the transaction does not involve any related party interests, ensuring transparency and compliance with regulatory requirements under SEBI norms. This adds credibility to the deal and reinforces investor confidence in the company’s governance practices.

Bengaluru continues to remain a key market for real estate developers, driven by consistent demand from IT professionals and urban homebuyers. Strategic project wins like this not only enhance execution capabilities but also help companies strengthen their foothold in high-growth micro-markets.

With this latest contract, Puravankara is steadily expanding its construction footprint while ensuring sustained business momentum through its subsidiary operations.