Puravankara Limited has announced that its wholly owned subsidiary, Starworth Infrastructure & Construction Limited (SICL), has secured a major construction contract worth ₹280.35 crores. The Letter of Intent was received for the construction of Ruby Block (Academic Block) Phase-I at VIT Vellore Campus, marking a significant business development for the company.

Project Details

The construction project has been awarded by Vellore Institute of Technology and involves building an academic block at their Vellore campus. Key project parameters are outlined below:

Contract Structure and Compliance

The announcement was made in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The contract represents a domestic engagement with no related party transaction implications.

Corporate Structure

Starworth Infrastructure & Construction Limited operates as a wholly owned subsidiary of Puravankara Limited, enabling the parent company to expand its presence in the construction and infrastructure sector. The subsidiary's success in securing this substantial contract demonstrates the group's capabilities in executing large-scale construction projects.

The project timeline of 24 months indicates a structured approach to completion, with the academic block construction expected to contribute significantly to VIT Vellore's infrastructure development. The contract value of ₹280.35 crores excluding GST represents a meaningful addition to the company's order book and reinforces its position in the construction sector.

KVN Property Holdings LLP, an associate of Puravankara Limited, has received registration certificates from Karnataka Real Estate Regulatory Authority (KRERA) for launching Project Northern Lights in Bengaluru. The company issued a revised intimation under Regulation 30 of SEBI Listing Regulations, announcing the launch of Phase 1 scheduled for March 14, 2026.

Project Registration and Launch Details

The residential project has secured KRERA registration across all three phases, with each phase receiving distinct registration numbers. The development is strategically located at Plot No. R-12 of Hitech, Defense and Aerospace Park in Bengaluru North.

Project Location and Specifications

Project Northern Lights is positioned as a residential development catering exclusively to the domestic market. The project spans across Sy No. Part of 417, 4 Bagalur Village Jala Hobli, Bengaluru North Yelahanka Taluk, Bengaluru Urban District, Karnataka.

Regulatory Compliance and Documentation

The KRERA registration ensures full compliance with Karnataka's real estate regulatory framework, providing transparency and oversight for the development. Complete project details are accessible on the RERA website at rera.karnataka.gov.in/projectViewDetails, offering comprehensive information to potential homebuyers and stakeholders.

Strategic Development Framework

The three-phase development structure demonstrates a systematic approach to project execution within the Hitech, Defense and Aerospace Park. This phased methodology enables effective resource management and structured delivery of the residential development, positioning the project within Bengaluru's growing northern corridor.