Starworth Secures Rs 272 Crore Contract for Bengaluru Residential Project
Starworth Infrastructure & Construction Limited, a subsidiary of Puravankara Limited, has secured a significant Rs 272 crore contract for a residential project in Varthur, Bengaluru. This contract, awarded by Tru Dwellings Private Limited, marks a notable addition to the company's growing EPC-commercial portfolio and reflects its expanding presence in India’s real estate sector.
Real EstateConstructionPuravankara LimitedBengaluruTru AquapolisReal Estate NewsJun 19, 2025
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.
Frequently Asked Questions
What is the value of the contract secured by Starworth Infrastructure & Construction Limited?
The contract is valued at Rs 272.02 crore.
What project is Starworth Infrastructure & Construction Limited working on?
Starworth is working on the 'TRU AQUAPOLIS' residential project in Varthur, Bengaluru.
What are the main segments of Puravankara Limited?
Puravankara Limited operates in three main segments: luxury housing under the Puravankara brand, affordable housing through Provident, and plotted developments via Purva Land.
What is the current market capitalization of Puravankara Limited?
The market capitalization of Puravankara Limited stands at Rs 6,844 crore.
What is the 3-year return on Puravankara's stock?
The 3-year return on Puravankara's stock is 243.38 per cent.
Related News Articles
Insolvency Professional Entities: Eligible for Resolution Professional Appointment?
The National Company Law Tribunal (NCLT) has ruled that Insolvency Professional Entities (IPEs) are qualified to be appointed as Resolution Professionals (RPs) under the Insolvency and Bankruptcy Code, 2016.
WSB Real Estate Raises ₹7 Billion for Affordable Housing Projects
WSB Real Estate has successfully secured ₹7 billion in funding to invest in mid-income and affordable housing projects, aiming to address the growing demand for affordable housing in India.
Godrej Properties Witness a Fourfold Surge in Sales
Godrej Properties has reported a significant surge in sales, highlighting the company's strong performance and increasing demand in the real estate market.
MahaRERA's New Rule: A Game-Changer for Maharashtra's Real Estate Market
Experts predict that this law will significantly impact the Maharashtra real estate market, making it more efficient and customer-friendly.
Puravankara Enters South Mumbai's Luxury Market with Redevelopment Project in Breach Candy
Puravankara acquires redevelopment rights of Miami Apartments in Breach Candy, marking its entry into South Mumbai's luxury market. The company also expands its footprint in Andheri West and signs a Joint Development Agreement in Bengaluru's Electronics C
Indian Real Estate Market Sees Dip in Housing Sales and New Launches
According to PropEquity, new housing launches and sales in top nine cities fell 11% and 18% respectively in Q3 2024. Hyderabad and Navi Mumbai saw a decline in apartment supply and absorption.