Puravankara Limited 's wholly owned subsidiary, Starworth Infrastructure & Construction Limited, has clinched a significant construction contract valued at ₹211.53 crores. This development marks a notable achievement for the company in the real estate sector.

Contract Details

The newly awarded contract involves the construction of core and shell works, along with finishes, for a residential project named 'SBR Global Queen's Ville'. The project has been awarded by SBR Builders, a domestic entity in the construction industry.

Key Points of the Contract

Implications and Disclosures

Puravankara Limited has confirmed that this contract does not involve any promoter group interest in the awarding entity, SBR Builders. Furthermore, the company has clarified that this transaction does not fall under the category of related party transactions, ensuring transparency in its business operations.

The award of this contract to Starworth Infrastructure & Construction Limited, an unlisted material subsidiary of Puravankara, potentially signals the company's growing presence and capabilities in the construction sector. It may also indicate a positive outlook for residential real estate projects in the region.

This development has been officially communicated to both the BSE Limited and the National Stock Exchange of India Limited, in compliance with Regulation 30 and Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

As the real estate and construction sectors continue to evolve, such contracts may play a crucial role in shaping the future landscape of residential development in India. Investors and market watchers will likely keep a close eye on Puravankara's performance and the execution of this significant project.

Puravankara , a prominent Indian real estate developer, has reported a 4% year-on-year growth in pre-sales for Q2 FY26, reaching ₹1,322.00 crores. The company's latest operational update reveals significant strides in both financial performance and portfolio expansion.

Q2 FY26 Performance Highlights

The company achieved a sales volume of 1.50 million square feet in Q2 FY26, with the average realization per square foot increasing by 7% to ₹8,814.00. Customer collections saw a notable 8% year-on-year growth, reaching ₹1,047.00 crores for the quarter.

H1 FY26 Performance and Portfolio Expansion

For the first half of FY26, Puravankara reported:

• Pre-sales of ₹2,445.00 crores, up 4% year-on-year
• Sales volume of 2.75 million sq ft
• Average realization of ₹8,891.00 per sq ft, an 8% year-on-year increase
• Customer collections of ₹1,904.00 crores, a 1% year-on-year growth

A significant highlight of H1 FY26 was Puravankara's portfolio expansion. The company added over 6.36 million square feet of potential developable area with an estimated Gross Development Value (GDV) of approximately ₹9,100.00 crores. This expansion includes strategic acquisitions and partnerships across Mumbai and Bengaluru.

Key Acquisitions and Partnerships

1. KIADB Hardware Park, North Bengaluru: Partnered for a 24.59-acre land parcel with 3.48 million sq ft developable area and a potential GDV of over ₹3,300.00 crores.

2. Chembur, Mumbai: Selected as the preferred developer for redeveloping eight residential societies, unlocking over 1.2 million sq ft of development potential with an estimated GDV of ₹2,100.00 crores.

3. Balegere, East Bengaluru: Entered a joint development for a 5.5-acre land parcel with a combined potential GDV of over ₹1,000.00 crores.

4. Malabar Hill, Mumbai: Secured a prestigious redevelopment project with a GDV potential of ~₹2,700.00 crores, offering 0.7 million square feet of premium development.

Ashish Puravankara, Managing Director of Puravankara Limited, commented on the company's performance, stating, "In Q2 FY26, we sustained the growth momentum, driven entirely by sustenance sales. This performance underscores the continued trust of our customers and the strength of our brand across markets."

The company's focus remains on disciplined execution and value creation through strategic expansion in high-demand micro-markets. With India's macro picture showing renewed strength and the RBI raising its FY26 growth projection to 6.8%, Puravankara is well-positioned to benefit from current real estate tailwinds.

As of June 30, 2025, Puravankara has completed 92 projects measuring ~54 million sq ft across nine cities, with a total land bank of ~30 million sq ft and ongoing projects adding up to 35.75 million sq ft.

The real estate sector in India continues to show resilience, with residential demand growing ~1% year-on-year in Q3 CY25, driven by the ₹1–2 crore segment. Puravankara's strategic acquisitions and consistent performance indicate its readiness to capitalize on these market trends.