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Puravankara Limited announced that its wholly owned subsidiary, Starworth Infrastructure & Construction Limited, has received a Letter of Award from SBR Builders for a ₹211.53 crore residential project titled “SBR Global Queen’s Ville.”

Project Overview

The contract involves core and shell construction along with finishing works for the residential development.
While the execution schedule will follow the timeline specified in the Letter of Award, the company has not disclosed the project’s start or completion dates.

Order Characteristics

  • Project Value: ₹211.53 crore
  • Type: Residential building project
  • Awarding Entity: SBR Builders
  • Nature: Domestic, non–related party transaction

The project will be executed by Starworth Infrastructure, which specializes in civil and structural works for both housing and commercial developments.

About Starworth Infrastructure

Starworth Infrastructure & Construction Limited, an unlisted subsidiary of Puravankara Limited, undertakes construction and project management for Puravankara’s in-house developments as well as third-party projects.
The company operates across multiple Indian cities, focusing on residential, commercial, and mixed-use segments.

Clarification on Relationship with SBR Builders

Puravankara confirmed that SBR Builders is not a promoter or group company and that the transaction has been made independently at arm’s length, with no related-party involvement.

This project further strengthens Starworth Infrastructure’s position in India’s construction sector and reflects Puravankara’s continued growth momentum through third-party contracts and partnerships.

Disclaimer:

This article is intended solely for educational and informational purposes. The securities or companies mentioned are provided as examples and should not be considered as recommendations. Nothing contained herein constitutes personal financial advice or investment recommendations. Readers are advised to conduct their own research and consult a qualified financial advisor before making any investment decisions.

Investments in securities markets are subject to market risks. Please read all related documents carefully before investing.