Starworth Secures Rs 272 Crore Contract for Bengaluru Project, Strengthening Real Estate Developer’s Real Estate Portfolio

Starworth Infrastructure & Construction Limited, a wholly-owned subsidiary of Puravankara Limited, has secured a significant contract valued at Rs 272.02 crore for a residential project in Varthur, Bengaluru. The contract involves civil and finishes work for “TRU AQUAPOLIS,” awarded by Tru Dwellings Private Limited. This marks a notable addition to the domestic EPC-commercial portfolio of the company and reflects its growing momentum in India’s real estate sector. Importantly, the contract does not involve any related party transactions, aligning with transparent business practices.

Puravankara Limited, a well-established name in the Indian real estate space, continues to deepen its presence across key urban markets, including Bengaluru, Chennai, Hyderabad, Kolkata, Mumbai, Pune, and Goa. The company operates across three main segments—luxury housing under the Puravankara brand, affordable housing through Provident, and plotted developments via Purva Land. To date, it has delivered 43 million square feet across 74 projects, supported by a land bank of 43.40 million square feet, providing launch runway for 12 to 15 years.

In H1FY24, the company's brand contribution stood at 57 per cent from Puravankara, 33 per cent from Provident, and 10 per cent from Purva Land. During this period, it recorded sales of 3.37 million square feet and plans to launch an additional 12.6 million square feet from FY24 to FY27. Strategic alliances, including partnerships with IFC and the IFC Emerging Asia Fund, are central to the company’s expansion goals. Moreover, digital initiatives through collaborations with SAP and IBM are streamlining operations and enhancing customer experience.

As of June 18, 2025, Puravankara’s stock is trading at Rs 280.2. It has a 52-week high of Rs 550.8 and a 52-week low of Rs 218.1. The market capitalization stands at Rs 6,844 crore. Despite a 1-year return of -35.15 per cent, the stock has generated a multibagger 3-year return of 243.38 per cent. This strong long-term performance positions it as a key Mid-Cap player in the real estate space. PE ratio data is currently not available.

Puravankara’s continued wins, expanding project pipeline, robust land reserves, and focus on digital and strategic partnerships suggest a forward-looking approach in India's dynamic construction industry. Investors continue to monitor such developments closely, especially with the broader growth in residential projects and real estate investment trends across Indian metros.

Disclaimer: The article is for informational purposes only and not investment advice.