Puravankara Subsidiary Secures ₹311 Crore Bengaluru Residential Project
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CNBC TV18•13-01-2026, 12:23
Puravankara Subsidiary Secures ₹311 Crore Bengaluru Residential Project
- •Puravankara's subsidiary, Starworth Infrastructure & Construction Ltd (SICL), won a ₹311.18 crore residential project in Bengaluru.
- •The project, 'Sattva AANGANE' by Sattva Resi Pvt Ltd, involves constructing 3.04 million sq ft over 37 months.
- •Puravankara confirmed no related-party transaction with the awarding entity.
- •SICL previously secured a ₹211.53 crore order from SBR Builders in October 2025.
- •Puravankara reported a Q2 FY26 net loss of ₹41.79 crore, despite a 29.9% revenue increase to ₹644.4 crore.
Why It Matters: Puravankara's subsidiary bagged a major Bengaluru residential project, boosting its order book.
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