Puravankara Subsidiary Wins ₹211.53 Crore Residential Project Order
Filing Summary
Puravankara Limited reported that its wholly owned subsidiary, Starworth Infrastructure & Construction Limited, has received a ₹211.53 crore order from SBR Builders for the construction of Core & Shell with Finishes works for the residential project “SBR Global Queen’s Ville.” The project involves turnkey construction of residential buildings in Bengaluru. The order has been awarded by a domestic entity and does not involve any related-party transaction. The execution period will follow the schedule mentioned in the Letter of Award.
Puravankara Limited announced that its wholly owned unlisted material subsidiary, Starworth Infrastructure & Construction Limited, has received a Letter of Award (LOA) from SBR Builders for the construction of a residential project in Bengaluru, Karnataka.
The contract involves the construction of Core & Shell with Finishes works for the proposed residential project “SBR Global Queen’s Ville.” The total value of the order is ₹211.53 crore (Rupees Two Hundred Eleven Crore Fifty-Three Lakh only).
The order has been awarded by a domestic entity, M/s SBR Builders, and covers the development of residential buildings under a turnkey execution model. The nature of the work includes complete construction activities from structural development to finishing works for the project.
The filing, made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Schedule III and the SEBI Master Circular dated November 11, 2024, specifies that the order does not involve any related-party transaction. Additionally, the promoters or group companies of Puravankara have no interest in the awarding entity.
The time period for completion will follow the schedule prescribed under the Letter of Award. No further details on the project timeline or delivery milestones have been disclosed in the filing.
This order adds to the ongoing project portfolio of Starworth Infrastructure & Construction Limited, which handles major civil and structural works across residential and commercial sectors in India.
About SBR Builders
SBR Builders is a domestic real estate development company engaged in the construction of residential and mixed-use projects in Bengaluru and other parts of Karnataka. The company develops high-rise housing and integrated community projects with a focus on urban infrastructure.
About Starworth Infrastructure & Construction Limited
Starworth Infrastructure & Construction Limited is a wholly owned subsidiary of Puravankara Limited. It provides end-to-end civil construction services, including design, engineering, and project execution for residential, commercial, and infrastructure projects. Starworth undertakes construction works for both group and third-party developers and has experience in handling large-scale urban projects.
About Puravankara Limited
Puravankara Limited is an Indian real estate development company engaged in residential and commercial property development across major cities such as Bengaluru, Chennai, Hyderabad, Pune, Mumbai, and Kochi. The company operates through multiple brands and subsidiaries, including Provident Housing and Starworth Infrastructure, to deliver projects across different market segments. Puravankara focuses on design, engineering, and construction of large housing projects and mixed-use developments across India.