Starworth Infrastructure & Construction Limited (SICL), a wholly owned subsidiary of Puravankara Ltd., has received a Letter of Intent from Sattva Resi Pvt. Ltd. for the construction of the “Sattva AANGANE” residential project in East Taluk, Bengaluru. The project spans 30.36 lakh sq. ft. with a contract value of ₹311 crore.
Puravankara Expands Construction Portfolio
Puravankara Ltd. announced that its subsidiary, Starworth Infrastructure & Construction Limited (SICL), has secured a major construction mandate for the upcoming Sattva AANGANE residential project in East Taluk, Bengaluru. The project, awarded by Sattva Resi Pvt. Ltd., reflects growing demand for large-scale residential developments in one of India’s fastest-growing urban hubs.
Key Highlights:
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Project Scope: Construction of “Sattva AANGANE” with a built-up area of 30,36,458 sq. ft.
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Contract Value: Approximate worth of ₹311,18,40,336 (₹311 crore).
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Location: East Taluk, Bengaluru a rapidly expanding residential zone.
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Execution Timeline: 37 months from commencement.
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Contract Type: Item rate contract awarded by a domestic entity.
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Ownership: SICL is a wholly owned subsidiary of Puravankara Ltd.
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Strategic Impact: Strengthens Puravankara’s presence in Bengaluru’s residential market and adds to its construction portfolio.
This development underscores Puravankara’s continued focus on expanding its footprint in India’s urban housing sector, leveraging its subsidiary to deliver large-scale, high-quality projects.
Sources: Puravankara Ltd. BSE Filing, NSE Announcement