Puravankara Limited announced that its wholly owned subsidiary has secured a substantial construction contract worth ₹311.18 crores for a residential development project in Bangalore. The Letter of Intent was received by Starworth Infrastructure & Construction Limited (SICL) on January 13, 2026, marking a significant business development for the company.

Project Details and Scope

The construction contract involves the development of "Sattva AANGANE," a proposed residential project with an approximate built-up area of 30,36,458 square feet. The project is located in East Taluk, Bangalore - 560049, positioning it in one of the city's developing residential corridors.

Contract Structure and Terms

The agreement has been structured as a domestic item rate contract, awarded by M/s. Sattva Resi Private Limited. The contract value of ₹311,18,40,336 represents a significant addition to SICL's order book, with execution scheduled over a 37-month period.

Corporate Governance and Compliance

Puravankara Limited has confirmed full compliance with regulatory requirements under Regulation 30 and Schedule III of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The company disclosed that:

• No promoter or promoter group companies have any interest in the entity awarding the contract
• The contract does not fall within related party transactions
• All terms are conducted at arm's length

Subsidiary Information

Starworth Infrastructure & Construction Limited operates as a wholly owned subsidiary of Puravankara Limited, focusing on construction and infrastructure development activities. This contract award demonstrates the subsidiary's capability to secure large-scale residential construction projects in key metropolitan markets.

The announcement was made through official communication to both BSE Limited and National Stock Exchange of India Limited, signed by Company Secretary & Compliance Officer Sudip Chatterjee, ensuring full transparency and regulatory compliance.

Puravankara Ltd has announced a major contract win for its subsidiary company, with Starworth Infrastructure securing a Letter of Intent for a substantial infrastructure project. The development marks a significant milestone for the company's construction and infrastructure operations.

Project Details

The project contract details highlight the scale and timeline of this new undertaking:

Strategic Significance

This contract award represents a substantial addition to Starworth Infrastructure's project portfolio. The ₹311.18 crore project value demonstrates the subsidiary's capability to secure large-scale infrastructure contracts, which could contribute significantly to the parent company's revenue stream over the execution period.

Execution Timeline

The 37-month completion timeline indicates a long-term project commitment, providing revenue visibility for Starworth Infrastructure over the next three years. This extended execution period suggests the project involves substantial infrastructure development work that will require sustained operational focus and resource allocation.

The Letter of Intent status indicates the formal commencement of the project engagement, setting the foundation for the detailed project execution phase. This development strengthens Puravankara's infrastructure business segment through its subsidiary operations.